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Banking & Finance: Index Shows January Gain in Valley House Prices | March 2, 2016

Index Shows January Gain in Valley House Prices

YOUNGSTOWN, Ohio  – House prices in the Youngstown-Warren-Boardman area, including distressed sales, increased by 3.8% in January compared with a year earlier, CoreLogic reports. The California-based financial services firm also says house prices, including distressed sales, decreased by 0.8% in January compared with December 2015. Nationwide house prices, including distressed sales, increased 6.9% in January […]

Banking & Finance: Foreclosures, Delinquencies Down in Valley | February 24, 2016

Foreclosures, Delinquencies Down in Valley

YOUNGSTOWN, Ohio – The foreclosure rate in the Mahoning Valley fell slightly in December, down to 1.96%, a decrease of 0.10 percent compared to December 2014, reports the financial analytics company CoreLogic. Still, foreclosure activity in the region was higher than the national foreclosure rate, which was 1.20% for December 2015. Meanwhile, the mortgage delinquency […]

Banking & Finance: Valley Venture Capital Fund Gets $250,000 Grant | February 9, 2016

Valley Venture Capital Fund Gets $250,000 Grant

YOUNGSTOWN, Ohio – A $250,000 federal grant announced Monday will provide “essential financial support” for a new venture capital fund. The Seed Fund Support grant for Valley Growth Ventures LLC is part of the $10 million awarded by the U.S. Department of Commerce’s Economic Development Administration under its 2015 Regional Innovation Strategies program. Valley Growth […]

Banking & Finance: Mortgage Foreclosure, Delinquency Rates Down | February 1, 2016

Mortgage Foreclosure, Delinquency Rates Down

YOUNGSTOWN, Ohio – The foreclosure rate among outstanding mortgage loans in the Youngstown-Warren region fell 0.20 percentage points in November compared to the previous year, down to 1.84% from 2.04 in November 2014. The comparison comes from CoreLogic, a California-based provider of financial analytics. The Mahoning Valley’s 1.84% foreclosure rate in November is higher than […]