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Local home sales drop; prices headed higher

July 24, 2008

WARREN — Home sales in Trumbull County dropped in June, while those in Mahoning County registered an increase, according to numbers released Wednesday by the Warren Area Board of Realtors. Though Trumbull numbers were down, there is reason for optimism, says WABOR President Andrea L. Lupton. Prices continue to stabilize and, in some cases, increase over previous months, she said. Low interest rates, coupled with growth at General Motors Corp. Lordstown Complex and RMI, continue to bolster confidence in the area’s housing sector, Lupton added. ‘‘The incentive package that the Cafaro Co. is offering GM workers ... should be a starting point for the Valley,’’ Lupton said. According to WABOR, there were 159 sales in Trumbull County in June, down from May’s 173 pace and well below June 2007’s 196 sales. Pending sales in Trumbull County stand at 217. Average time on the market increased from May’s 118 days to 130 days last month.

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First Place reports 4Q decrease

July 24, 2008

WARREN — First Place Financial Corp. continued to turn a profit in the fourth quarter of fiscal year 2008, but at a much lower rate than a year ago, according to company figures released this week.

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Best still expected for area home sales

July 19, 2008

Trumbull County housing market gave mixed signals in June, but next month could show a 20 percent gain, a real estate broker said Friday.

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Sneak Peak

July 19, 2008

A leaked photo of the Chevrolet Cruze, the next car to be built at General Motors Corp. Lordstown Complex, is circulating on the Internet.

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Covelli named among U.S. largest franchisees

July 18, 2008

WARREN — Panera Bread and O’Charley’s franchisee Covelli Enterprises ranked No. 9 in Restaurant Finance Monitor’s Top 200 franchisees list for 2007, the Warren company said Thursday.

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Home Savings parent posts weaker earnings

July 18, 2008

YOUNGSTOWN — Resolving delinquent loans, managing assets and remaining well-capitalized are the focus of the parent of The Home Savings and Loan Co., which reported weaker earnings for its second quarter ended June 30.

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