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ยป VISIT US ONLINE @ DSNEWS.COM 81 the Survey of Consumer Expectations (SCE) commented that consumer expectations both rose at the one-year and three-year horizon by 3.2 percent and 3.4 percent, respectively. e increase was driven by respondents with lower education, according to the New York Fed. Median earnings growth expectations rose slightly to 2.4 percent, the highest level since the survey began in June 2013. e average perceived change of finding a job in three months, if the respondent were to lose their job today, increased slightly to 49 percent. e survey found, "e mean perceived chance of being laid off declined slightly, driven by a decline in expected layoff risk reported by college graduates; however, the mean likelihood of voluntary quits also fell slightly." Respondents expect household income growth to remain stable, except for younger household heads. Survey respondents who believe income growth will rise for those 40 or under jumped 4.6 percent. Home price change expectations declined slightly for the second month in a row, which matched the lowest level seen since October 2013. e Fed found that the pattern did not hold in the West, where home prices are expected to continue at an even stronger pace. IN THE NEWS Jersey Shore State Bank Honored by Pennsylvania Housing Finance Agency Jersey Shore State Bank, a subsidiary of Penns Woods Bancorp, Inc., was recognized by the Pennsylvania Housing Finance Agency (PHFA) for its 2013 performance. e bank's mortgage services division received a high producer ranking of PHFA loans in Pennsylvania, top lender in PHFA HOMEstead loans, and the top producer of new PHFA construction loans. e PHFA works to provide affordable homeownership and rental options for the elderly, low- and moderate-income families, and people with special housing needs. Additional honors went to Brenda Bryerton, Kimberly Walker, Gina Wright, and Elizabeth Gretzler, who were named as PHFA's top loan originators in 2013. "Our success with the PHFA programs is because of our years of experience. I can honestly say we have some of the most experienced PHFA lenders in the state," said Jerry Seman, president of the mortgage services division. Jersey Shore State Bank has been involved in the PHFA loan program since the PHFA's Homeownership Programs Division started in 1982. Pennsylvania RANK: 11 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MARCH 2014 2.65% 2.54% 6 YEAR AGO 2.99% 3.40% 7.7 YEAR-OVER-YEAR CHANGE -11.6% -25.3% -1.7 Top County MONROE COUNTY 90+ Day Foreclosure Delinquency Rate Rate MARCH 2014 5.29% 10.22% YEAR AGO 6.28% 13.44% YEAR-OVER-YEAR CHANGE -15.8% -24.0% Top Core-Based Statistical Area EAST STROUDSBURG, PA 90+ Day Foreclosure Delinquency Rate Rate MARCH 2014 5.29% 10.22% YEAR AGO 6.28% 13.44% YEAR-OVER-YEAR CHANGE -15.8% -24.0% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the March 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Rhode Island RANK: 10 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MARCH 2014 3.79% 2.55% 8.7 YEAR AGO 4.00% 4.12% 9.5 YEAR-OVER-YEAR CHANGE -5.4% -38.0% -0.8 Top County PROVIDENCE COUNTY 90+ Day Foreclosure Delinquency Rate Rate MARCH 2014 4.67% 3.06% YEAR AGO 4.83% 5.00% YEAR-OVER-YEAR CHANGE -3.4% -38.7% Top Core-Based Statistical Area PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 90+ Day Foreclosure Delinquency Rate Rate MARCH 2014 4.26% 2.47% YEAR AGO 4.00% 4.12% YEAR-OVER-YEAR CHANGE 6.5% -40.0% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the March 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Vermont RANK: 8 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MARCH 2014 1.73% 2.80% 3.4 YEAR AGO 1.71% 4.00% 4.2 YEAR-OVER-YEAR CHANGE 1.0% -29.9% -0.8 Top County GRAND ISLE COUNTY 90+ Day Foreclosure Delinquency Rate Rate MARCH 2014 2.68% 5.25% YEAR AGO 2.05% 5.92% YEAR-OVER-YEAR CHANGE 31.0% -11.3% Top Core-Based Statistical Area RUTLAND, VT 90+ Day Foreclosure Delinquency Rate Rate MARCH 2014 2.45% 4.05% YEAR AGO 2.25% 5.29% YEAR-OVER-YEAR CHANGE 9.2% -23.4% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the March 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Total Completed Foreclosures in March 2014 Source: CoreLogic's National Foreclosure Report STAT INSIGHT 15,638