Fed considers raising inflation target, which could lead to higher interest rates
Low inflation has been a key component of the cheap mortgage rates that have supported the housing market this year. Now, the Federal Reserve is considering a policy change that could result in higher inflation and higher interest rates.
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First American says low mortgage rates are driving home price growth
"When demand increases for a scarce (limited or low supply) good, prices will rise faster," Fleming said. "While year-over-year, the RHPI shows an improvement in affordability, the increase in house-buying power in September was not enough to offset nominal house price gains compared with August."
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Attention finance industry: Here are the cybersecurity threats coming in 2020
Cybersecurity experts agree that the threats facing financial services providers aren't just increasing; they're doubling with each passing year.
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R.I. Bar Association seeks to require lawyers be present for all real-estate closings
The Rhode Island Bar Association argued that lawyers are best equipped to ferret out potential pitfalls involving taxation, easements, probate law and the environment. Purchasing a property entails the "transfer of important legal rights. There should be a lawyer there," J. Richard Ratcliffe said.
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LandAmerica bankruptcy case resurrected after concerns over leftover funds
Questions over the handling of nearly $3 million in leftover funds have revived the bankruptcy case of a long-since-collapsed Richmond financial giant. A judge on Oct. 31 reopened the bankruptcy of LandAmerica Financial Group, the Henrico-based title insurance company that was abruptly toppled in November 2008.
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Clerks say they still plan to charge for Vermont land records
Although a recent Vermont Supreme Court ruling determined that state agencies must allow people to inspect records for free, several town clerks in the Upper Valley said that taking a personal photo of land records will still result in a charge.
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Junk mail alerted woman to her stolen home
Rohina Husseini had no idea someone could steal a house, but the first small clue that the home she owned for nearly a decade was no longer hers was a piece of junk mail that most of us ignore.
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