A Rail Line for R.I., Mass.
Providence, r.i. — A Boston company wants to offer the first private passenger rail line in the nation in more than 30 years, reviving a once-popular business model that was stopped dead in its tracks decades ago. Boston Surface Railroad Co. is planning a commuter rail line that would shuttle passengers between Worcester, Mass., and Providence in about an hour. No private passenger rail line has existed since 1983, and it’s been even...
U.S. Housing-Market Recovery Hits 8-Year High
Washington — America’s housing-market recovery is in full swing. Purchases of previously owned homes climbed 3.2 percent in June to a 5.49 million annualized rate, the strongest since February 2007, the National Association of Realtors said Wednesday. Lean inventory pushed prices to an all-time high and listed properties were snapped up in just 34 days on average, the quickest in four years of record-keeping. A broad-based advance,...
