Banking & Finance
House Prices in Youngstown, Warren Region on Upswing
Wednesday, September 03, 2014IRVINE, Calif. -- The prices of houses in the Youngstown-Warren-Boardman area rose 7.4% in July compared with July 2013, CoreLogic announced Tuesday. Month-over-month, the prices rose 2.7% compared to June.
The figures include distressed sales. Distressed sales include short sales and real estate owned transactions.
Excluding distressed sales, year-over-year home prices in the region increased 2.1% in July compared to a year ago. Month-over-month, excluding distressed sales, house prices increased 2.8%.
Half of Americans Avoid Stocks, Bonds Markets
Wednesday, September 03, 2014BLOOMINGTON, Ill. -- The stock market has recovered since the Great Recession, but many Americans remain wary of investing or simply unable to get started. Just more than half, 51%, said in a survey that they do not invest in the stock or bond markets in any way.
For those that do not invest, 56% say not having enough money is the biggest obstacle, found the Country Financial Security Index survey. Americans also cite their distrust of the stock and bond markets (12%) and not knowing how to get started (11%).
Underwater Mortgages in US Fall to 17%
Friday, August 29, 2014SEATTLE -- One in six U.S. homeowners with a mortgage -- or 8.7 million Americans -- was underwater in the second quarter despite rising residential values, Zillow reported Wednesday.
This is down from 18.8% in the first quarter and from 23.8% in the second quarter of last year.
Underwater refers to a mortgage holder owing more on his loan than he could sell for.
Business Economists Think Fed Policy on Right Track
Monday, August 25, 2014WASHINGTON – A slight majority, 53%, of the economists employed by large corporations and national trade associations think the Federal Open Markets Committee is on the right track while nearly two in five, 39%, think Fed policy is “too stimulative,” says a report from the National Association for Business Economics released today.
OBA Shareholders Vote to Join F.N.B. Corp.
Friday, August 22, 2014PITTSBURGH -- Shareholders of OBA Financial Services Inc., based in Germantown, Md., voted to become part of F.N.B. Corp., the companies announced Thursday.
Expected closing date is Sept. 19. All regulatory issues were completed July 29, F.N.B. said.
OBA is the parent of OBA Bank, founded in 1861, which has assets of $381.6 million and six offices in eastern Maryland. It has 63 full-time and nine part-time employees.