Friday, February 15 2013
To the extent that rentals reflect wider real estate movement, there is good news and bad news for Evansville tenants. It all depends on how they view it (and how they chart their personal housing strategy). The bad news was not unexpected: for the third straight year, rents were up across the nation in 2012, according to apartment housing industry expert MPF Research.
Although rents rose at a slightly slower pace than in 2011, national forecasts are calling for rent increases in 2013 that match last year’s. The research firm said that apartment rents climbed 3.0% in 2012, down from 4.8% in 2011, but again were above the long-term norm of 2.5% registered over the past 20 years.
For tenants currently in rentals -- both apartments and single-family homes -- rents may be heading up, but the good news is that this price pressure has not yet resulted in a less friendly home buying environment. “Loss of renters to purchase in the now-improving for-sale housing market is having only a very small impact,” according to MPF’s report. In other words, rentals are not being lost in large number even though rents are rising, so floods of first-time homebuyers are not yet adding significant upward pressure on single-family home pricing.
Even with housing prices on the rebound, first-time homebuyers who decide to leave the world of rentals to buy a home now will still benefit from the record low interest rates and distressed property bargains that result in historically affordable home prices.
Another group that would hail rising rental rates are investors. "Most places are starved for new product right now, so properties that will complete over the coming year appear likely to do incredibly well, generally without hurting the results for the existing stock," according to Greg Willett, MPF’s vice president.
Whether you are looking to buy or sell a rental home in Evansville or the surrounding areas, conditions warrant a thorough look at the opportunities available now and those opening this spring. Call me to get started on a plan of action! You can reach me on my cell phone at 812-499-9234.
Friday, May 20 2011
This is good news for the TriState area. Toyota has been hurt by supplies from the earthquake in Japan and has already implemented work changes to adjust to a slower production cycle. We can see that things are picking up at Toyota again. - RT
Toyota Motor Manufacturing Indiana Inc. plans to add 40 workers at its Princeton plant when full production resumes in June. The facility is currently running at 30 percent capacity due to a shortage of parts following the earthquake and tsunami in Japan in March. The automaker says all models built in Princeton will return to 100 percent production June 6.
PRINCETON, IND. – Because of an improved parts pipeline, Toyota Motor Manufacturing, Indiana announced on May 11 that full production would resume at the plant beginning on June 6. In May, the plant was running at approximately 30 percent capacity to conserve the parts supply.
With production returning to 100 percent, TMMI also announced the addition of 40 new Aerotek members to the production team. Aerotek provides variable staffing services to the Indiana plant.
Individuals interested applying for positions with Aerotek should visit its website at aerotekin.com.
Toyota Motor Manufacturing, Indiana began production in Princeton, Ind., in 1998. Today, TMMI employs about 4,100 team members from the Tri-State. Inside the 4-million-square-foot automotive manufacturing facility, team members produce the Sequoia full-size sport utility vehicle, Sienna minivan and Highlander midsize sport utility vehicle. Toyota’s total investment in TMMI is $3.7 billion.
TMMI has paid more than $48 million in local property taxes since 1997 and donated more than $13 million since 1996 to local community organizations that support youth and education, health and human services, civic and community and arts and culture.
Friday, December 04 2009
NEW ALBANY, Ind. -- A startup company has announced plans for a development and production facility making small-scale wind turbines in southern Indiana.
WindStream Technologies Inc. said Monday that its operations in New Albany could have more than 260 workers by 2012. The company is now based in California and plans to begin hiring as facility and equipment upgrades are made at the site in the Purdue Research Park of Southeast Indiana.
WindStream says its TurboMills are designed to capture wind energy in urban areas. The devices are intended as a low-cost way to supplement a customer's electricity needs.
The Indiana Economic Development Corp. offered WindStream up to $1.5 million