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market trends: Monroe County Homeowners Taking Advantage of Government Stimulus - 03/25/09 04:59 AM
Federal credit market stimulus is clearly evident when examining mortgage recordings in Monroe County in the first two months of 2009. What is also apparent are those parts of the market that are not benefiting from any government action.
The 729 total mortgages securing loans between $50,000 and $500,000 are the most in this dollar range in the first two months of any of the last seven years. Mortgages in this range tend to be overwhelmingly residential first mortgages. I believe that this increased activity is indicative of the fact that Monroe County homeowners are taking advantage of the lower interest … (2 comments)

market trends: Market in Bloomington is steady through September - 10/29/08 10:14 AM
We just finished compiling our monthly statistical package for September. A recent network upgrade put us behind the curve for a week or so, but we're caught up now.
Our property records data base shows that through September, the sale market in Monroe County continues steady and is off about 20% from a year ago. 
Total deed recordings in September were 165, compared to 210 in September 2007. For the year to date period, there were 1821 deed recordings compared to 2293 in 2007. Only deeds judged to represent a residential, commercial or vacant land sale transaction are included. Quit-Claim Deeds, … (3 comments)

market trends: Are you busy? Yes, we’re busy! Thank you for asking! - 10/09/08 04:27 AM
When Realtors® and Lenders start asking me if I'm busy, I know what they really want to know. "Are you busy?" usually means "Am I the only one who is not busy? Please tell me so I know it's not just me."
Tammy Walker, our Sales V.P., is getting this question a lot lately. We talked about how we should respond. We want to be truthful. No blowing smoke. Be genuine, not phony. Most importantly in the current environment, we want to be as positive and upbeat as we can be. Here's how Tammy is answering this question.
Well, even though … (7 comments)

market trends: OFHEO Survey – Indiana Housing Prices Appreciating In Most Markets - 09/15/08 05:42 AM
The Office of Federal Housing Enterprise Oversight recently released 2nd Quarter 2008 survey supports my own suspicions that the Indiana housing market is doing much better than other parts of the nation. Here are the changes in year over year housing prices for the separate Indiana Metropolitan Statistical Areas and their rank nationally among the 292 MSA's in the report.
           MSA                                +/- Year to Year       Rank
Columbus                            +4.50%                 20th Bloomington                         +3.81%                 32nd Anderson                             +3.21%                 44th Louisville-Jefferson               +3.19%                 45th South Bend                          +1.77%                 92nd Terra Haute                         +1.76%                 93rd Indy-Carmel                        +1.72%                 97th Gary                                   +1.59%                 101st Lafayette                            +1.33%                 109th Evansville                            +0.35%                 145th Fort Wayne                         … (2 comments)

 

John Bethell

Bloomington, IN

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John Bethell Title Company, Inc.

Address: 329 South Walnut Street, Bloomington, IN, 47401

Office Phone: (812) 339-8434

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