HUD issued Mortgagee Letter 2009-19 with important changes to the guidelines for Condo financing. The guidelines were originally scheduled to take effect on October 1st, but are now scheduled to take effect November 2nd. One of the major changes has to do with the Approved Condo list. Currently, FHA has a list of Approved Condos. If a [...]

HUD issued Mortgagee Letter 2009-19 with important changes to the guidelines for Condo financing. The guidelines were originally scheduled to take effect on October 1^st, but are now scheduled to take effect November 2^nd. One of the major changes has to do with the Approved Condo list; Currently, FHA has a list of Approved Condo's, if a [...]

For the last several decades, there has been a constant flow of people, who upon reaching retirement age, have packed the belongings, called the Realtor, and headed to better locations. Ah, but little did they know that good old Providence is considered a prime spot for retirees. Paging through [...]

The Mortgage Bankers Association (MBAA) reported last week the average interest rate on new 30-year fixed-rate loans nationwide was 4.97%, nearing the lowest level in decades. And on Thursday, Freddie Mac reported that the average fixed rate on a 15-year home loan had dropped to 4.46%, the lowest level on record. Not surprisingly, loan [...]

Like all sectors of the economy, real estate has its cycles. Since 2006, the trend of the cycle was downward. Purchasers of real estate always like to get the best deal and, in a market like this, want to buy at the low point. The question is "Have we reached the bottom?" There are several groups that follow the market, and the [...]

The Mortgage Bankers Assn. (MBAA) reported last week the average interest rate on new 30-year fixed-rate loans nationwide was 4.97%, nearing the lowest level in decades. And on Thursday, Freddie Mac reported that the average fixed rate on a 15-year home loan had dropped to 4.46%, the lowest level on record. Not surprisingly, loan [...]

There's a Yiddish word, "kvell," which means beaming with pride and enjoyment, it is generally used when referring to the accomplishments of ones children. Since I consider everyone at RPL to be my extended family, I am fortunate to have many kvelling moments, last week at the Squantum Club I witnessed just such an event. My good friend [...]

Mayor Cicilline Launches Comprehensive Effort to Double City's Recycling Rate. Starting Monday, November 2nd, green and blue recycling bins will have to be placed with the big green cans or trash will not be picked-up. Watch the Mayors press conference to learn more:

Last week on Real Estate Insight, Sally sat down with Rich Epstein and Steve Tetzner to discuss the First-Time Home Buyer Tax Credit and Energy related tax credits. The conversation was both educational and entertaining. Listen to the Podcast commercial-free below: Real Estate Insight can be heard live Sunday mornings 10:00am -11:00am on WHJJ Radio [...]

Delicious is a social bookmarking application that allows users to tag, save, manage and share their Bookmarks to a website. Delicious also allows you to save your Bookmarks from multiple computers, which is extremely advantageous. Ive been using Delicious for years now and always recommend it. Residential Properties utilizes Delicious to [...]