real estate: Market Watch December 2010
- 12/16/10 06:47 AM
It's almost a new year, so let me make some specific and bold predictions about real estate sales in 2011. Sales, compared to 2010, will be greater in January, about the same in February and will be less in March, April and May. What does this mean about the state of real estate and where we will be after the first half of 2011? The answer is, absolutely nothing. In case you are wondering why I've started this month's Market Watch as I have, let me explain. The real estate market has experienced two tax credits that have expired since November … (0 comments)
real estate: Commercial Real Estate Stabilizing
- 11/29/10 06:34 AM
Commercial real estate markets are flattening out, with modestly improving fundamentals expected in 2011, according to the NATIONAL ASSOCIATION OF REALTORS®. "The basic fundamental of rising commercial leasing demand, resulting from a steadily improving economy, means overall vacancy rates have already peaked or will soon top out," says Lawrence Yun, NAR's chief economist. "The outlook for the office and industrial markets has moderated with modestly declining vacancy rates expected as 2011 progresses, while the retail sector should hold fairly steady. Still, high vacancy rates imply falling rents."Yun anticipates a rise in household formation from an improving economy, which will increase demand … (0 comments)
real estate: 10 Ways to Prepare for Homeownership
- 11/11/10 02:57 AM
1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income. 2. Develop your home wish list. Then, prioritize the features on your list.3. Select where you want to live. Compile a list of three or four neighborhoods you'd like to live in, taking into account items such as schools, recreational facilities, area expansion plans, and safety.4. Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down … (1 comments)
real estate: Home Sales Could Enter 'Virtuous Cycle'
- 11/08/10 07:31 AM
Consumer confidence and business spending are key to whether the U.S. housing market will move into a virtuous or a vicious cycle in 2011, NAR Chief Economist Lawrence Yun told a packed audience at the Residential Economic Outlook Forum Friday in New Orleans.After the downturn, the housing market has clawed its way back to a point of near stability, Yun said, with the pace of new foreclosures easing, sales moving toward historically normal levels and prices on a national basis gaining modestly.At the same time, affordability remains strong. He said all of the price excesses from the housing bubble have been … (0 comments)
real estate: Pending Home Sales Show Another Gain
- 10/04/10 05:40 AM
Pending home sales have increased for the second consecutive month, according to the National Association of REALTORS®. The Pending Home Sales Index rose 4.3%, but is 20.1% below August 2009. The data reflect contracts and not closings. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing. NAR chief economist Lawrence Yun said the latest data is consistent with a gradual improvement in home sales in upcoming months. "Attractive affordability conditions from very low mortgage interest rates appear to be … (0 comments)
real estate: Why Purchase Title Insurance
- 09/29/10 07:44 AM
A real estate purchase is one of the best investments you can make - so be certain to protect your land ownership against possible title problems that can hinder the transfer and marketability of your real property. These problems are defects and occur before the date of the policy and remain undisclosed until sometime later. Even the most thorough search of the public records cannot reveal some the "hidden" hazards. A one-time premium will safeguard your property from actual loss and defense costs (unless specifically excluded), up to the policy amount, resulting from any risk covered by your policy. A … (0 comments)
real estate: Evansville Real Estate Market Watch for September 2010
- 09/15/10 09:21 AM
I have some good news to report based on August pended (accepted purchase agreements) results. August pended transactions increased for the fourth consecutive month. As I have mentioned a couple of times over the past few months, the now expired tax credit makes month to month comparisons difficult. The tax credit clearly stimulated, then depressed the housing market. As expected May pended transactions dropped dramatically after the spectacular March and April numbers. This coincided with the expiration of the tax credit on April 30th. We have gone from 269 pended transactions in May to 387 pended transactions in August. This represents … (0 comments)
real estate: New Home Construction Edges Up 1.7 Percent in July
- 08/27/10 04:09 AM
New home construction edged up slightly in July but applications for building permits tumbled to the lowest point in 14 months, a sign of continued stress in housing. Construction of new homes and apartments rose 1.7 percent in July, the Commerce Department reported Tuesday. Still, applications for building permits, considered a good sign of future activity, fell 3.1 percent. A rebound in housing is considered critical for a sustained economic recovery. But builders continue to struggle with weak demand for new homes caused by high unemployment and a glut of foreclosed homes on the market. The July increase in housing construction … (0 comments)
real estate: Evansville Real Estate Market Watch for August 2010
- 08/13/10 04:05 AM
Market Watch For August 2010 Two months have passed since the expiration of the homebuyer's tax credit and we've had time to see how the market would react. As I predicted, we did see a decline in closed transactions from May and June levels as a result of a decrease in written transactions from the previous months. And while the news isn't great, it's better than expected. July brought an increase in written contracts up 37% from May and up 22% from June. I believe July written contracts are more representative of the remainder of the year than either the spectacular … (1 comments)
real estate: INDIANA REAL ESTATE MARKETS REPORT For May 2010
- 06/27/10 08:14 AM
The Report, found online at www.IndianaIsHomge.com, was the first-ever county-by-county comparison of existing single-family home sales in Indiana. In March, statistics on other types of existing, single-family home sales - condominiums, duplexes, townhomes, mobile homes, etc. - was added to the report. IAR obtains the data directly from 26 of the state's 27 Multiple Listing Services (MLSs), including the Broker Listing Cooperative® (BLC®) in central Indiana. To date, the Report represents 98% of the housing market statewide and 91 of 92 Indiana counties. Statewide, May sales of all types of existing, single-family homes increased 25.9% from the same month last year; … (0 comments)
real estate: Southwest Indiana Real Estate Market Watch Report for June 2010
- 06/16/10 04:56 AM
As I said last month, sales in March and April were spectacular! Many of the contracts written in those months closed in May. Closed volume in May was at its highest level since June of 2007 and was $10 million higher than any month in over two years. All those closings also reduced our month's supply of inventory to just over 6 months supply. That means our inventory of homes is at its lowest level in almost 4 years. All of that is great news, but real estate results and conditions should not be measured based only on one or two … (0 comments)
real estate: Fed Beige Book Sees Growth in All 12 Regions
- 06/10/10 09:05 AM
The Federal Reserve's periodic survey of economic conditions, known as the Beige Book, this week reported growth in all 12 regions for the first time since 2007.Here's what the Beige Book had to say about real estate:Boston. Commercial real estate leasing was flat in some areas and noticeably improved in others. New York. Commercial real estate leasing has picked up noticeably although vacancy rates continue to rise in some areas. Residential rents appear to have bottomed. Richmond. Residential real estate markets are improving with the inventory of homes in the Washington, D.C., suburbs falling to its lowest level in 18 months. … (0 comments)
You have a single-family house you'd like to rent out. Perhaps you're temporarily relocating for work, or maybe you inherited your childhood home from your parents, and you're not quite ready to part with it yet.
Renting can be a profitable choice, but it requires an investment of time, money, and organization to make it work. Here's how to determine whether renting out your house is worth the cost. Calculate your monthly expenses You want to charge at least enough to … (4 comments)
real estate: Indiana Real Estate Markets Report for April 2010
- 05/25/10 10:34 AM
The Indiana Association of REALTORS® (IAR) today released its "Indiana Real Estate Markets Report" for the month of April as a continuation of its "Indiana is Home" project. The Report, found online at www.IndianaIsHome.com, was the first-ever county-by-county comparison of existing single-family home sales in Indiana. In March, statistics on other types of existing, single-family home sales - condominiums, duplexes, townhomes, mobile homes, etc. - was added to the report. IAR obtains the data directly from 26 of the state's 27 Multiple Listing Services (MLSs), including the Broker Listing Cooperative® (BLC®) in central Indiana. To date, the Report represents 98% of … (0 comments)
real estate: Tips for Adding Curb Appeal and Value to Your Home
- 05/19/10 06:09 AM
Appraisers and real estate agents offer advice for curb appeal that preserves value and attracts potential buyers. Curb appeal has always been important for homesellers. With the vast majority of today's homebuyers starting their search on the Internet, the appearance of your property is more critical than ever. You only have a few seconds to catch their attention as they scroll through listings online to get them to stop and take a closer look.But the role of curb appeal goes beyond just making a good first impression. The way your house looks from the street can impact its value. It can … (0 comments)
real estate: 8 Tips for Adding Curb Appeal and Value to Your Home
- 05/19/10 05:22 AM
Appraisers and real estate agents offer advice for curb appeal that preserves value and attracts potential buyers. Curb appeal has always been important for homesellers. With the vast majority of today's homebuyers starting their search on the Internet, the appearance of your property is more critical than ever. You only have a few seconds to catch their attention as they scroll through listings online to get them to stop and take a closer look.But the role of curb appeal goes beyond just making a good first impression. The way your house looks from the street can impact its value. It can … (2 comments)
real estate: Southwest Indiana Real Estate Market Watch Report for May 2010
- 05/18/10 09:45 AM
As I said last month, pended transactions (signed contracts for sales not yet closed) for March were great. Pended transactions for April were simply off the chart. I believe that pended transactions for March and April combined were the best two month period in local MLS history. As a result, inventory was just over 7 month's supply. I think the important questions, as a result of the past two months performance, are what does this mean and where are we going? I think we know several things and we can draw some conclusions. First, closed transactions during May and June will … (0 comments)
real estate: David Stevens, FHA Commissioner: "Incredible" Market Ahead
- 05/13/10 03:55 AM
With the housing recovery still fragile, it's hard to look ahead with anything but caution. However, the long-term prospects for the market are "incredible," FHA Commissioner David Stevens told REALTORS® yesterday in the opening forum of the 2010 NAR Midyear Legislative Meetings & Trade Expo.
Young households today represent a demographic block larger than even the baby boomers, and their entry into the housing market promises to help build "an incredible real estate market in the future," said Stevens. But first the housing market must move from recovery to stability and then to long-term growth, and that will only happen … (2 comments)
real estate: Single women outpace single men in real-estate market
- 05/10/10 12:10 PM
Unmarried women accounted for 21% of home purchases in 2009, while unwed males were 10% of the buyers, according to a National Association of Realtors report in November. It's a dramatic shift from 1981, the first year the numbers were tracked, when single women and men each accounted for 10% of home sales. Still, some industry professionals have been slow to take note of females' robust activity. Single women have held steady at the 20 % mark for more than five years, yet when the Urban Land Institute hosted its annual real-estate conference in late April, analysts had to remind the … (0 comments)
real estate: Real Estate Should Be Part of Your Retirement Program
- 04/12/10 07:24 AM
The Wall Street Journal, USA Today, and Parenting magazine give some startling statistics on the financial shape of most Americans: about 70 percent live paycheck to paycheck, about half couldn't cover one month's expenses if they were laid off, and 44 percent systematically prepare for retirement by investing. According to USA Today, 3 of 100 people age 65 are financially secure; 97 of them can't write a check for $600 and 54 are still working. With the federal government now needing to pay back the Social Security System for the $2.3 trillion surplus it borrowed over the years, it's time to … (0 comments)
About Me
The Trentini Team of F.C. Tucker EMGE REALTORS® provides exceptional service to each of their clients as they help them to achieve their real estate goals. With their knowledge, experience and background, both Kathy and Rolando bring one-of-a-kind perspectives to the table during all of their real estate transactions. Their excellent communication skills combined with their passion for real estate allows The Trentini Team to follow through every time with the highest level of service possible. Rolando and Kathy are your premier Evansville and Newburgh, Indiana real estate source. They can help you buy your dream home or sell your current home for the best price possible. To learn more about what The Trentini Team can do you for you, contact us today!
It's almost a new year, so let me make some specific and bold predictions about real estate sales in 2011. Sales, compared to 2010, will be greater in January, about the same in February and will be less in March, April and May. What does this mean about the state of real estate and where we will be after the first half of 2011? The answer is, absolutely nothing. In case you are wondering why I've started this month's Market Watch as I have, let me explain. The real estate market has experienced two tax credits that have expired since November … (0 comments)
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