Real Estate
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Work begins on most U.S. single-family homes in 4 years
Builders broke ground in January on the most U.S. single-family homes in more than four years and permits for future construction rose, an indication the industry’s momentum carried over into 2013. more
Caught in a reverse-mortgage nightmare
The U.S. Department of Housing and Urban Development has a birthday gift for 91-year-old widow Jeanette Ogle that should cause any senior to think twice before signing up for a government-insured reverse mortgage. more
2/18/13
Hall successor expected to stay preservation course
When the Providence Preservation Society’s board of directors four years ago decided it was time for serious introspection on the future of the almost 60-year-old nonprofit, an emphasis was put on finding the right executive director to strengthen programming, advocacy and fundraising. more

By Rebecca Keister
PBN Staff Writer | 2/18/13

Foreclosure starts fall in Providence metro in January
January Foreclosure starts in the Providence-Fall River-New Bedford area dropped 22 percent and completed foreclosures plunged 61 percent compared with the same period last year, RealtyTrac said Thursday. more
Court approves R.I. offer to buy Rocky Point property
The U.S. District Court for the District of Rhode Island approved the state’s offer to purchase the remaining 82 acres of Rocky Point land in Warwick to develop a state park, the R.I. Department of Environmental Management announced Wednesday. more
| 2/13/13
Home prices rise in 88% of U.S. cities as market gains
Prices for single-family homes climbed in almost 88 percent of U.S. cities in the fourth quarter as the housing recovery broadened. more
Planned museum pulls out of Dynamo House project
The planned Heritage Harbor Museum is no longer part of the long-stalled Dynamo House project. more

By Rebecca Keister
PBN Staff Writer | 2/11/13

Millionaires enticed to become landlords
JPMorgan Chase & Co. is giving its wealthiest clients the chance to invest in the single-family rental market after other investments linked to the U.S. housing recovery jumped in value. more
Bloomberg News | 2/11/13
Will ‘Superman’ revive tax credits?
Smart-growth and economic-stimulus arguments haven’t convinced state leaders to bring back Rhode Island’s historic-tax-credit program for the past four years, but perhaps the sight of Providence’s tallest and most recognizable building vacant will. more

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

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

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