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Federal Index Shows Home Prices Rising - 09/25/09 11:22 AM
U.S. home prices rose 0.3 percent in July compared to June, the Federal Housing Finance Agency said Tuesday.The index is 4.2 percent below what it was in 2008 and 10.5 percent off its peak in April 2007.The index excludes most expensive homes from its calculations, so prices appear to have declined less than they have by other measures.The report "supports other evidence that the three-year long decline in prices has come to halt," Paul Dales, U.S. economist with Capital Economics, wrote in a note to clients. Other economists were less positive. "We think house price indexes are likely to edge somewhat (0 comments)
Old National Raising Money for Possible Acquisitions - 09/23/09 02:18 PM
Old National Bancorp (NYSE: ONB) in Evansville has launched a $150 million public stock offering. The company plans to use the proceeds to support ongoing and anticipated growth, which could include acquisitions of other financial institutions, possibly involving assets of failed banks. The underwriters have an option to purchase up to an additional 15 percent of the shares. Old National Bancorp (NYSE:ONB), the holding company for Old National Bank, today announced it has commenced an underwritten public offering of $150 million of its common stock, subject to adjustment. The Company intends to use the net proceeds from the offering for (0 comments)
Mead Johnson Announces Expansion Plans - 09/23/09 09:36 AM
Mead Johnson Nutrition (NYSE: MJN) is expanding its Evansville operations over the next year and adding 35 jobs. The pediatric nutritional company will invest nearly $33 million in equipment and building improvements for a powder infant formula production line at one of its existing facilities. Mead Johnson employs approximately 1,200 workers at its Evansville-based North American production headquarters. EVANSVILLE, Ind. (Sept. 21, 2009) - Mead Johnson Nutrition (NYSE:MJN), a pediatric nutritional company, announced today that it will expand its operations here, creating up to 35 new positions by 2010. Best known for its infant formulas, Mead Johnson will invest $32.8 million (0 comments)
Local Scam Alert - 09/18/09 01:04 PM
The local FBI and computer repair shops are being swarmed with calls regarding an email you don't want to open. This scam isn't about tricking you into revealing personal information, all they want you to do is open the email. The email poses as an FBI agency or some sort of government authority. Inside they may ask you to send money, or personal information. However, if you opened the email they could already have all the information they need to steal your savings.Scam emails have been circulating throughout the Tri-state for several weeks. The sender falsely claims to be an FBI (1 comments)
Housing Starts Rise, Led by Apartments - 09/17/09 02:32 PM
Housing starts rose 1.5 percent in August to an annualized rate of 598,000, led by a 25 percent increase in apartment construction, the U.S. Commerce Department announced Thursday.Single-family starts fell 3 percent to a 479,000 annual rate, the first decline since January. Single-family starts rose 24 percent in the Northeast, 0.9 percent in the Midwest, and fell 2.4 percent in the South. The West was unchanged.Analysts blamed the expiration of the first-time home buyer tax credit for the decline. "These tax incentives often borrow from future sales and the pickup does not last," Chris Rupkey, chief financial economist at Bank of (0 comments)
Economists: Extend the Housing Tax Credit - 09/16/09 05:14 PM
More than 40 percent of all home buyers in 2009 will qualify for the federal tax credit, costing the government about $15 billion, twice the original estimate, but most housing experts applaud the policy and favor expanding it.Now the decision is up to Congress.Mark Zandi, chief economist for Moody's Economy.com, believes that the credit should be expanded to all homebuyers, even investors, through summer of 2010. "The risks of not doing something like this are too great," he said. "I don't think the coast is clear."James Glassman of JPMorgan Chase also favors expanding the credit but continuing to limit it to (0 comments)
Holiday World coasts to No. 1 - 'Voyage' holds title a third year; Pilgrims Plunge tops out at No. 5 - 09/16/09 02:49 PM
SANTA CLAUS, Ind. - For the third year in a row, Holiday World's Voyage roller coaster has been named the No. 1 wooden coaster in the world while its new Pilgrims Plunge water ride tied for fifth in the "best new amusement park ride" category. The announcement was made Thursday night by the trade journal Amusement Today during the industry's annual "best of the best" Golden Ticket Awards ceremony at Legoland California in Carlsbad, Calif. The 1.2-mile Voyage is the Southern Indiana theme park's longest, tallest and fastest coaster, known for its 24.2 seconds of "air time" - time in which (0 comments)
Condo Purchases Require Extra Steps - 09/12/09 08:08 AM
Homebuyers contemplating purchasing a condominium should review a long list of documents and other information to make sure that the property they are considering is a solid buy in this challenging market.The following information is a the top of the must-consider list: Budget. Examine the current budget, a year-to-date statement of income and expenses, and a couple of previous years' budgets to see how they've changed. Reserve study. Understand the plan for maintenance and how it will be paid for. Special assessments. Ask if there have been any and whether more are planned. Delinquencies. How many owners are behind in their (0 comments)
Market Watch for September 2009 - 09/10/09 04:11 PM
We trust you enjoyed a relaxing Labor Day weekend. I know we did. The next two months will be busy in the real estate business. The $8,000 first time homebuyer's tax credit is scheduled to Expire November 30th. There is very little time to complete purchases in time to take advantage of this program and we anticipate that title companies will be scrambling to accommodate closings scheduled for the end of November. There have been some very positive articles recently about home sales nationally. Specifically pending contracts (a forward looking indicator) have increased for six consecutive months and are at their highest level since (0 comments)
EVSC Moves to Improve Underperforming Schools - 09/10/09 03:03 PM
The Evansville Vanderburgh School Corporation (EVSC) is implementing a program to address issues at three schools designated by the state department of education as chronically underperforming. Educators have voted in favor of what the corporation calls the Equity School Concept, which will investigate the needs of each of the schools. EVSC Superintendent Vince Bertram says the schools are in need of fundamental change if educators are going to make a difference with the students. Educators in the Evansville Vanderburgh School Corporation have voted in favor of the adoption of the Equity School Concept in three EVSC schools - Delaware Elementary, Howard (0 comments)
Heavy trash pick up to begin Sept. 14 - 09/10/09 02:56 PM
Garbage crews will begin picking up "heavy trash" from Evansville residents later this month. The collections will run from Sept. 14 to Oct. 16. The city considers heavy trash to consist of sofas, tables, chairs, mattresses, refrigerators, washing machines, dryers, televisions, stereos, building materials and similar things. For the collection, the city has divided the city into a number of areas. Crews will spend one day picking up heavy trash in each of the areas. To see a map showing the collection schedule, go to HeavyTrash. To be picked up, items must be put out before 6 a.m. on the collection (0 comments)
Newburgh Road will soon have stop signs at Burkhardt - 09/10/09 02:38 PM
Later this month, drivers going east or west on Newburgh Road will find themselves stopping at Burkhardt Road. In August, local officials approved turning the intersection there into a four-way stop. That change will require placing two stop signs on Newburgh Road, work that crews plan to undertake in the next couple of weeks. The purpose is to make the intersection safer, said Brad Mills, the executive director of the Evansville Metropolitan Planning Organization. Mills said a study conducted in March found that 303 vehicles passed through there on Newburgh Road each hour. For Burkhardt, the frequency was 281 an hour. (0 comments)
Evansville Living home to open for tours - 09/09/09 11:18 AM
The 2009 Evansville Living Idea Home will be open for tours Saturday through Sept. 20. Tours will be held from 11 a.m. to7 p.m. daily. The 8,300-square-foot showcase home is located at 5844 Cypress Pointe Drive, in The Estates at Victoria. The home was built by Messinger Construction and features work from area designers, builders and craftsmen. Tickets are $10 per person and can be purchased at any Schnucks location or online at www.evansvilleliving.com. All proceeds will benefit the Tri-State Food Bank, Warrick County Community Foundation and other local charities. - John Lucas Source: http://www.courierpress.com/news/2009/sep/07/no-headline---07a03evansvilleliving-brf/ (0 comments)
Inspectors making sure levees will keep city dry - 09/08/09 07:31 PM
The U.S. Army Corps of Engineers is joining forces with the Evansville Levee Authority this week to assess the integrity of the city's 27 miles of flood protection levees and their pumping stations. The Evansville levee system, begun after the disastrous 1937 flood, is designed to protect the city from the floodwaters of the Ohio River and is divided into seven sections. Construction of the Knight and Howell levee - the city's first - began in 1939 and was completed in 1948. The newest section, along Pigeon Creek on the city's North Side, was added in 1994. The Federal Emergency Management (0 comments)
Now's the Time to Buy in Real Estate - 09/08/09 07:06 PM
Investors are returning as the real estate market recovers. BusinessWeek's real estate guru Marc Roth points out these opportunities, which he says make sense if investors are willing to look over the property carefully and ask tough questions. Options they should consider include: Buying a single-family house. This could be a first home or a dream home or a home to rent out. Buying a multi-family investment property. Snapping up a vacation property. There are deep discounts to be found in high-end resort areas. Investing in a Real Estate Investment Trust. REITs were hit hard in the downturn, but many are (0 comments)
Indiana's Energy Assistance Program Gets Green Light - 09/08/09 02:49 PM
The U.S. Department of Energy has approved the state's proposal to use nearly $132 million in federal stimulus funding to help more than 30,000 low-income Hoosier households. Within the next two weeks, auditors will begin evaluating residences to determine energy needs. The state says it has trained 190 energy auditors and 483 contractors. Following the audit, homeowners may receive energy savings equipment including programmable thermostats, insulation, new furnaces or hot water heaters. The state's energy conservation proposal to use nearly $132 million in federal stimulus funding to help more than 30,000 low-income Hoosier households has been approved by the U.S. Department (0 comments)
St. Mary's to Auction Old Welborn Hospital - 09/07/09 04:59 PM
The former Welborn Baptist Hospital building in downtown Evansville is headed to the auction block.St. Mary's owns the building, but officials said they haven't used it for anything in three years. And, now the hospital system wants out.The biggest part of the property is this hospital building and the land it's on.But, St. Mary's is also including two other disconnected parking lots.Kurtz Auction and Realty is running the bid process.Interested parties can make bids through October 22.And, there will be a final decision on October 28.Tim Flesch, St. Mary's CEO, said he doesn't know if anyone's interested yet nor how much (0 comments)
Farmers' Almanac says it'll be a cold winter here - 09/03/09 03:57 PM
Americans may want to check their sweaters and shovels - the Farmers' Almanac is predicting a cold winter. The 2010 edition of the venerable almanac goes on sale Tuesday. It predicts numbing cold from the Rocky Mountains to the Appalachians. Managing Editor Sandi Duncan says it's going to be an "ice cold sandwich," with milder weather on the coasts. The Maine-based almanac issues forecasts based sunspots, planetary positions and the effects of the moon. The National Weather Service is calling for a warmer-than-normal winter because of an El Nino weather system that has developed in the Pacific Ocean. Source: http://www.courierpress.com/news/2009/aug/31/farmers-almanac-says-itll-be-cold-winter-here/ (2 comments)
IRS Is Scrutinizing Mortgage Deductions - 09/03/09 02:00 PM
According to published reports, the Internal Revenue Service is more closely examining how taxpayers are reporting mortgage interest deductions.The IRS is reportedly examining some returns with high deductions for mortgage interest and enforcing obscure rules that most home owners and many accountants could be unfamiliar with.The calculations are very complex and rely on precise records that some home owners may have trouble producingExperts advise home buyers who have borrowed more than $1 million in mortgages and home equity loans since 1987, the year deductibility limits were enacted, to consult a tax expert because the newest loan may not be tax deductible.Source: (0 comments)
Holiday World's Voyage featured on Travel Channel Wednesday - 09/02/09 05:44 PM
Holiday World's top-ranked wooden roller coaster, The Voyage, will be featured Wednesday night as part of The Travel Channel's "Extreme" series. The show will repeat on Friday and Sunday. The one-hour episode, called "Extreme Terror Rides," will premiere Wednesday at 7 p.m. CDT. The show will feature top thrill rides from around the world. The Voyage is currently ranked the No. 1 Wooden Coaster on the Planet by Amusement Today magazine. The show will air again at 5 p.m. Friday and 9 a.m. Sunday. The Travel Channel is Cable 59 on the Henderson Insight line-up Source: http://www.courierpress.com/news/2009/sep/01/holiday-worlds-voyage-featured-travel-channel-wedn/?partner=RSS (0 comments)
Enrollment Grows at University of Evansville - 09/02/09 05:26 PM
The University of Evansville says it welcomed its largest freshman class in more than a decade this morning. UE says the class of 701 is the largest in 13 years and the overall full-time student body is up 6 percent over last year. The university says it experienced increased enrollment from students in Vanderburgh and surrounding counties and saw its number of transfer and adult students grow this fall. The University of Evansville began fall classes this morning with an increase in overall student enrollment, including the largest freshman class in more than a decade. UE's freshman class of 701 is (0 comments)
UE to Host Health Reform Discussion - 09/01/09 09:04 PM
The University of Evansville will provide an open discussion next week about health care issues. The forum, which will be held September 10 at UE's Schroeder Family School of Business Administration, will address America's health care system, some of the plans for change and possible ramifications of various ideas. UE says it wanted to create a non-political event to discuss the system and various options for changes.With Congress preparing to return to work, and health care the topic on every American's tongue, faculty from the University of Evansville are looking to provide an open discussion about the issues. The forum, which (0 comments)
Evansville UE widens its lead in green certification - 09/01/09 08:51 PM
The University of Evansville's Ridgway University Center is the second Leadership in Energy and Environmental Design (LEED)-certified building in Vanderburgh County - and the second on the UE campus. The building, located on Walnut Street across from the Carson Center, opened in November 2008. It was designed by Hafer Associates and Mackey Mitchell Associates and built by Industrial Contractors as an environmentally friendly building, and was registered with LEED before construction began in mid-2007. "At the University of Evansville, we are proud of our commitment to sustainable, 'green' living," said UE President Stephen Jennings. "As a university, we have made it (0 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.