Rhode Island - Real Estate Investor Pulse

Rhode Island legislature approves more ADUs

May 22, 2023 Mark Paul Cervantes Comments Off

Residents in the state of Rhode Island could soon have an easier time constructing accessory dwelling units (ADUs) on their properties, as a bill prioritized by the state’s House Speaker Rep. Joe Shekarchi and sponsored […]

Rhode Island lawmaker wants to require solar on new homes and parking lots

April 5, 2023 Mark Paul Cervantes Comments Off

A freshman lawmaker in Rhode Island has opened a provocative discussion: why not mandate solar panels on most new construction? Rep. Jennifer Boylan, a Democrat who has solar panels on her home in Barrington, said […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]