Falling mortgage rates spur record home sales in 1986
Existing home sales hit an all time annual pace of 4.37 million in late 1986 as mortgage rates hover near 9.82 percent. Median price rose 6.5 percent from 1985. NAR predicts 4 percent price rise in 1987 with continued affordability concerns. Hawaii and several states posted large gains while Indiana and a few others declined. Data cover 52 metro areas and note price shifts may reflect changes in home sizes sold rather than price changes.
MENTIONED IN THIS ARTICLE
Washington
National Association of Realtors
John Tuccillo
Association
NAR
Tuccillo
District of Columbia
Hawaii
Wisconsin
Pennsylvania
California
Washington State
Ohio
Cleveland
Akron
Houston
Baton Rouge
Providence, R.I
Hartford, Conn
Union pushes free legal help to boost union membership
AFL CIO launches a six month Union Privilege Benefit Program offering nearly 7 million members free 30 minute initial attorney consultations at 320 firms nationwide plus 30 percent discounts on complex services. The plan mirrors prior discount card success and aims to grow organized labor's consumer market leverage.
MENTIONED IN THIS ARTICLE
Bal Harbour
Fla
Aflcio
Labor Federation
United States
National Resource Center For Consumers of Legal Services
Afl-Cio
Bank of New York
Ray Denison
New Union
First out-of-state bank to open in Chardon
A Pennsylvania bank holding company will back a new bank in Chardon Ohio, the first since interstate banking was allowed in 1985. Crain's Cleveland Business reports F N B Corp of Hermitage Pa will take a majority stake in First County Bank, with lead bank First National Bank of Mercer County Pa. Approval rests with the Federal Reserve Bank of Cleveland and the Ohio Division of Banks amid Ohio interstate banking rules.
MENTIONED IN THIS ARTICLE
Chardon
Cleveland
Ohio
Crain
Cleveland Business
F.N.B. Corp
Hermitage, Pa
First County Bank
First National Bank of
Mercer County
Federal Reserve Bank of Cleveland
Ohio Division of Banks
Also Mentioned on This Page
Indiana
Arizona
West Virginia
Alaska
Grand Rapids, Mich
Boston
Union
Chase Manhattan Corp
New York
First Nationwide Bank of
San Francisco
Stewart
Magnavox
Sylvania
Kitchen Aid
Eureka
Hoover
Frigidaire
AMANA
Kelvinator
Toshiba
General
Mitsubishi
Sunray
Panasonic
Stewarts
Cleveland St
Elyria
Eire
Teras
Amdek
Hercules
IBM
Wern
North Olmsted
Great Northern Blvd
National City Bank
Nate
Cleveand
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