Real Estate
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Missed opportunity on credits
Cornish Associates President and CEO Arnold “Buff” Chase said his company has five historic Providence buildings lined up to buy and restore once Rhode Island brings back its historic tax credit program. more
R.I. foreclosure rate drops slightly in May
Rhode Island’s foreclosure rate fell 0.2 percentage points from May 2011 to May 2012, CoreLogic said Friday. more
Sales of new U.S. homes rose to 2-year high in September
Purchases of new U.S. homes rose in September to the highest level in more than two years as the industry that helped bring on the recession forged its way toward recovery. more
Foreclosures drop, delinquencies rise in Providence metro in July
The foreclosure rate in the Providence-Fall River-New Bedford area fell 0.1 percentage points in July compared with the same period in 2011, CoreLogic said Tuesday. more
| 9/25/12
Commercial real estate database to be searchable online
Anyone who’s bought or sold a house recently is probably familiar with the Multiple Listing Service in their state, the database where sales and properties for sale, are listed. But for those interested in commercial real estate – potential buyers, sellers, brokers, bankers and insurers – the residential-based system has never quite fit. more

By Patrick Anderson
PBN Staff Writer | 10/15/12

Next generation of homebuyers emerges
Melissa A. Sepe is a Realtor for Westcott Properties in Providence. At 28, she’s also in the market for a home herself. Being a Realtor, she understands the process, though that doesn’t necessarily make it any easier to navigate. more
City approval of College Hill apartment plan challenged
Two College Hill neighbors are challenging city approval of Gilbane Development Co.’s proposed 102-unit apartment building at 257 Thayer St. more
CBRE: R.I. to see continued investor interest, activity in 2013
Activity in the Rhode Island commercial real estate market should continue to rise in 2013, with rents stable and landlord concessions diminishing, CB Richard Ellis-New England executives said in their annual market overview Thursday morning. more
U.S. foreclosure inventory remains near all-time high
The national foreclosure inventory remains near all-time highs, with 4.12 percent of all active mortgages in the foreclosure pipeline, according to the May Mortgage Monitor report released Monday by Lender Processing Services. more
Foreclosure, delinquency rates rise in Providence metro
The Providence-Fall River-New Bedford area foreclosure rate rose 0.04 percentage points in August compared with the same period last year, Corelogic said Thursday. more
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