Roger Williams University Law School professor Jorge Elorza, a Housing Court judge in Providence, joins us on Bonus Q+A to talk about housing, economic development, Latino politics, and his own future plans.

Good Signs for Ocean State Housing Market

Mar 29, 2013

Rhode Island’s real estate market is roaring back to life. Home prices rose by double digits in February.

If you’ve been holding back putting your home on the market because of depressed prices, it might be time to re-think that decision. The Rhode Island Association of Realtors says home prices rose 12 percent between February 2011 and February 2012.  The median price increased from $170,000 to nearly $190,000. It was the fifth consecutive month of price gains.

Better News on Rhode Island Foreclosure Front

Mar 14, 2013
Phoenix Affordable Housing
Flo Jonic / RIPR

Rhode Island still has the highest foreclosure rate in New England but the numbers are coming down. According to Housing Works RI, foreclosure filings fell 11 percent in the fourth quarter of 2012.   Filings have fallen 36 percent since 2009, when data was first available.
The Mortgage Bankers Association says Rhode Island continues to lead New England in foreclosures and is tied for 7th nationwide.

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you.  news@ripr.org

Would your family benefit from living with your parents and grandparents? Are you already living in a multi-generational household? If so, why?

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The Arcade in an undated photo
courtesy of ArcadeProvidence.com

Work on the Providence Arcade is in the final stretch.   Building owner Evan Granoff says the job of rehabilitating the old shopping mall is 80 percent complete and it should be ready for occupancy sometime this spring.