Updated July 26 at 5:26am
Real Estate
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The U.S. economy should continue to grow at a rate of 2 to 2.5 percent, housing sector improvements will likely go on for another couple years, but capital spending could remain weak, as the Fed is likely to stay accommodative with interest rates due to uncertainty overseas. more
Residential sales activity began to moderate in June from previous highs, possibly reflecting tighter inventory of houses listed for sale, according to the Rhode Island Association of Realtors. more
It’s not known as the “Creative Capital” for nothing. more
The Providence-Warwick-Fall River metropolitan area ranked 13th lowest among the 40 largest metropolitan areas in the country for its 4.4 percent home price growth over the year in May, Black Knight Financial Services said Monday. more
Development has started on 36 affordable rental apartments and two commercial spaces in the Olneyville neighborhood this month, according to ONE Neighborhood Builders, a nonprofit community development corporation. more
Rhode Island homeowners stand to save 14 percent, the second-highest savings in the United States, if they raise their home insurance premiums to $1,000 from $500, according to a study by insuranceQuotes.com. more
(Updated 12:46 p.m.) Distressed sales accounted for 12.3 percent of all homes sold in Rhode Island in April, and 10 percent of all homes sold in the Providence-Warwick-Fall River metropolitan area that same month, CoreLogic said this week. more
Warwick is the most affordable place to live in Rhode Island, according to a SmartAsset study. more
Owner: Blackstone Valley Development Corp. Architect: Ron Stevenson, Saccoccio & Associates Architects, Cranston General Contractor: Behan Bros. Inc., Middletown Cost: $3.2 million … more
Christopher Samih-Rotondo is the community organizer for the Tenant and Homeowner Association at DARE, or Direct Action for Rights and Equality, a Providence-based organization. He has held this position for five years. He is a graduate of Evergreen State College in Olympia, Wash., and an occasional contributor to local media, including the RI Future blog. more
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