While all cities show signs of healthy mortgage competition nationwide, some areas have higher concentrations of lender activity but also face varying degrees of competitiveness based on loan type, according to LendingTree.
Citizens Bank's $511 million acquisition of Franklin American Mortgage will beef up the bank's servicing portfolio and diversify its origination business at a time when higher interest rates have put a damper on refinance volume.
Attorney General Peter F. Kilmartin joined housing advocates — as well as the mayors of Providence, Pawtucket and Warwick — to urge the General Assembly to extend the state's Foreclosure Mediation Act, set to expire on July 1.
Foreclosed and abandoned properties that had become magnets for criminal activity in Providence's Olneyville neighborhood were targeted for inclusion in Amherst Gardens, ONE Neighborhood Builders' newest development.
For families with household incomes below $50,000, the improving housing market in 2016 meant rising prices, and fewer homes and apartments they can afford to rent or buy, according to a report from HousingWorks RI.
After months of increasing sales and declining inventory, Rhode Island's housing market experienced a 4% sales dip in July, but strong demand pushed the median house price up by nearly 3%, to $270,000.