Youngstown Neighborhood Development Corporation (YNDC) announces a mural project in the city’s Idora neighborhood and extends a call for artists to submit qualifications for producing a large outdoor mural!
Empty parking lots line both sides of Sherwood Avenue where it intersects with Glenwood Avenue — a major traffic corridor on Youngstown´s South Side. Just one block south on Glenwood a multi-million dollar project is underway to build a new grocery store, which will increase traffic along the corridor. YNDC seeks to improve the intersection at Sherwood and Glenwood to serve as a gateway to the Idora neighborhood and a continued sign of revitalization. The mural project will be one phase of the improvements to the Sherwood and Glenwood intersection. Specifically, the mural is to be painted on the north side of the former Park Inn building approximately 150 feet from Sherwood-Glenwood intersection. The proposed mural wall is one-story constructed primarily of brick with a concrete block addition on the back. Total dimensions of the wall are 15 feet by 90 feet (1,350 square feet).
Faced with a massive nationwide infrastructure that is no longer financially sustainable, the U.S. Postal Service has proposed sweeping changes designed to save the organization up to $3 billion a year by cutting its network of processing facilities by over half and adjusting service standards.
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According to RE/MAX Valley Real Estate’s Mahoning Valley Housing Report (MVHR) for July, single family residential sales (not seasonally adjusted) remain in the doldrums, falling 11.7 percent from 308 units in June to just 272 in July. However, sales this month did mark nearly a ten percent rise over July of 2010. The seasonally adjusted, month over month comparison of closed transactions dropped again for the 41st consecutive month.
Home values in the United States fell faster in the first quarter of 2011 than they have in any quarter since 2008, when the housing market experienced its worst performance, according to Zillow’s first quarter Real Estate Market Reports. The Zillow Home Value Index fell 3 percent from the fourth quarter of 2010 to the first quarter of 2011, and declined 8.2 percent year-over-year to $169,600. Home values have fallen 29.5 percent since they peaked in June 2006.
Nationwide housing affordability during the fourth quarter of 2010 rose to its highest level in the 20 years since it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) data released today.
U.S. house prices fell in the third quarter of 2010 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only House Price Index (HPI). The HPI calculates home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages. Although the HPI reports sinking prices from nearly every major metro prices in Mahoning Valley appears to be stabilizing.
Although the employment rate in Ohio was little changed, Ohioans got a psychological the rate fell nominally out of double digits for the first time since March of 2009. Ohio’s unemployment rate was 9.9 percent in October, down slightly from 10.0 percent in September, according to data released by the Ohio Department of Job and Family Services (ODJFS). Ohio’s nonfarm wage and salary employment increased 8,400 over the month, from the revised 5,014,500 in September to 5,022,900 in October.
Housing affordability remained near its highest level nationwide for the seventh consecutive quarter as