Latest from Mahoning Valley REALstuff

White House Rolls Out New Low-income Mortgage Program

Fannie Mae Introduces HomeReady, a Low-income Mortgage Targeting High-Risk Immigrants

We’ve seen this movie before, and it doesn’t end well.

Foreclosure. Sign of the times.

As Reagan once said, “The nine most terrifying words in the English language are: I’m from the government and I’m here to help.” They’re about to destroy our real estate industry again….

With little fanfare, the White House is rolling out a new low-income mortgage program that lets lenders qualify borrowers by counting income from non-borrowers living under the same roof. What could possibly go wrong? Continue reading

  1. A thousand raindrops. Umbrella. Wind. Rain. Mortgage Rates Again Below Four Percent to Start New Year.

    Global equity sell off heightens market unease. Treasury bond yields fell as investors seek shelter. Mortgage rates followed suit. Continue reading

  2. Tsunami in the sky. Headwinds. Storm clouds. Pending Home Sales Slip Again

    Pending Home Sales decline in November. First time buyers to face headwinds of affordability
    as mortgage rates creep higher and supply remains limited. Continue reading

  3. Charlie Brown's Christmas Star. Merry Christmas! Merry Christmas

    There is no better time than Christmas to say thank you to everyone for your business, service, and friendship during the past year. May all the joys of the season be yours! Merry Christmas! Sincerely, Jack Pearce and Al Leonard, RE/MAX Valley Real Estate. Continue reading

  4. Bicycle race crash. Keep the Rubber Side Down. November Existing-Home Sales Slowest Since April 2014

    Existing-Home Sales fail to keep the rubber side downin November. NAR cites “Know Before You Owe,” not diminished demand. Continue reading

  5. Merry Christmas Why Do We Save ‘Merry’ Just for Christmas?

    Why don’t we say “Happy Christmas?” After all, it’s “Happy Easter,” “Happy Thanksgiving,” “Happy New Year,” “Happy Birthday,” and “Happy Everything Else”… Continue reading

  6. Economic Freedom of North America Economic Freedom Report Ranks Ohio Near Bottom

    Ohio Scores poorly on Economic Freedom says the The Buckeye Institute in a new report, Economic Freedom of North America 2015. Continue reading

  7. Mortgage rates climb higher. As Expected, Mortgage Rates Climb

    Federal Reserve elected this week to raise short-term interest rates for the first time since 2006 and mortgage rates moved higher. Continue reading

  8. Chair Yellen delivers opening remarks at monetary policy research conference Finally — The Federal Reserve Hikes Interest Rates

    The Federal Reserve announced that it is increasing the target for short term interest rates to a range of 0.25% to 0.50% from a range of 0% to 0.25%. Continue reading

  9. Lebron James and Greg Oden look for rebound. Housing Starts Rebound in November

    Census Bureau and HUD report a November housing start rebound of 10% after 12% plunge in October. Permits at highest level since August 2007. Continue reading