Real estate shows signs of life in R.I. - PBN.com - Providence Business News

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From the Feb 16, 2009 edition

FOCUS: Real Estate

Real estate shows signs of life in R.I.

Lenders report boom in mortgage activity

By Kevin Shalvey
PBN Staff Writer

When Scott Bayha found the listing for a foreclosed duplex at 435 Tiffany St. in Warwick, the seller, U.S. Bank NA, a branch of U.S. Bancorp, had pegged the price at about $119,000. But a few days later, in early October, that price dropped to $108,000 and Bayha, a high school gym teacher looking for a second property as an investment, decided the fixer-upper was worth buying for a few reasons. More »

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