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In the second quarter, 29.4 percent of all homes in the Providence-Fall River-New Bedford area were worth less than the outstanding balance on their mortgage, down .01 percentage point from the first quarter, Zillow said Thursday.
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By Patrick Anderson |
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Fannie Mae, the largest source of money for U.S mortgages, told lenders that it’s tightening some of its qualification standards for people buying homes or refinancing loans.
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By Jody Shenn |
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Rhode Island single-family home sales climbed 22 percent in July compared with the same period last year, the 13th consecutive month of year-over-year sales gains.
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By Patrick Anderson |
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Walter L. Bronhard Real Estate has purchased five buildings on the East Side of Providence, most in the historic Benefit Street corridor, for just under $5 million.
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By Patrick Anderson |
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For many Rhode Island homebuilders and tradesmen, the last five years have forced a choice between diversification and retirement.
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By Patrick Anderson |
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For real estate agents like Christopher Wall of Residential Properties, trying to sell or rent a house in Providence lacking off-street parking has always been a unique and often infuriating challenge.
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By Patrick Anderson |
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Hooray for Providence! Finally the city has started dismantling the on-street, overnight parking ban that has hampered its residential real estate market for so long.
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8/20/12
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The good news is that from the depths of the Great Recession, Rhode Island has seen a 50 percent increase in new-home starts. Unfortunately, that still puts the state at 30 percent of the average home-construction starts registered from 2000 to 2003 (and further still from the subprime-lending-fueled peak of later years). And well short of a level that can sustain the construction industry at previous employment levels.
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8/20/12
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The Obama Administration has released $473 million in unused federal infrastructure earmarks for states to use on new projects, including $864,000 in Rhode Island.
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By Patrick Anderson |
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New-home construction in the U.S. fell in July, while the number of building permits jumped to the highest level in four years, indicating the industry will keep improving in the second half of the year.
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By Shobhana Chandra |