Real Estate
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Appraisers more cautious following housing bubble
It’s a potential nightmare scenario for homebuyers, sellers and real estate agents: a deal is reached and the property passes a home inspection, but the bank’s appraisal comes in below the contract price. The financing falls through and with it months of effort and hundreds of dollars in closing costs. more

By Patrick Anderson
PBN Staff Writer | 2/11/13

Fidelity earns BOMA recognition
Fidelity Investments’ award for The Outstanding Building of the Year from The Building Owners and Managers Association in Boston is a first for a Rhode Island building since the competition began in 1985, said association spokeswoman Kayla Burmeister. more

By Rhonda Miller
PBN Staff Writer | 2/11/13

Lender Processing reaches agreement in ‘robosigning’ suit
JACKSONVILLE, Fla. – Lender Processing Services Inc. last week reached a multistate settlement to resolve claims of improper foreclosure practices, including the “robosigning” of documents used to repossess homes, Bloomberg News reported. more
2/11/13
According to IRS, there’s no place like home
If you’re one of the millions of homeowners and renters who work or run a business from the place you live, here’s some good news on taxes: The Internal Revenue Service wants to make it easier for you to file for deductions on the business-related use of your home. more
2/11/13
City is collaborating to grow urban agriculture
For somewhere between $20 and $75 a year, based on income, a gardener can rent a chunk of Providence land and plant seeds that may blossom into a new way to earn a living. For that small investment, the urban farmer will get fencing, good soil and a water supply. more

By Rhonda Miller
PBN Staff Writer | 2/11/13

Finally some stability in R.I. industrial market
In December 2007, Trammel Crow Co. bought a 548,000-square-foot warehouse and office within throwing distance of Interstate 95 in West Warwick for $21.5 million. more

By Patrick Anderson
PBN Staff Writer | 2/11/13

Hall leaving PPS for job with Florida museum
The Providence Preservation Society Executive Director James Brayton Hall will be leaving PPS in March to serve as deputy director of the Norton Museum of Art, in Palm Beach, Fla. more
R.I. to receive $3.2M in federal aid for Sandy recovery
The U.S. Department of Housing and Urban Development announced Wednesday that Rhode Island is slated to receive $3.24 million in disaster relief funding to rebuild following the damage caused by Hurricane Sandy in the fall. more
| 2/6/13
Home prices rise 3% in Providence metro in December
Single-family home prices in the Providence-Fall River-New Bedford metro area rose 3 percent from December 2011 to December 2012, according to CoreLogic’s Home Price Index. more
| 2/5/13
Housing packs punch for U.S. growth in 2013 and beyond
The housing rebound is broadening to other parts of the U.S. economy and will likely lend impetus to growth through 2013 and beyond. more
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