Skip to main content
#
The Trentini Team
my account
site map
contact
cart
our twitterour facebook page
Evansville  Real Estate - Homes For Sale | Indiana Realtors - Agents
Search Evansville & Newburgh, Indiana Properties
Featured Listings
Evansville Real Estate - Homes for Sale | Indiana REALTORŪ
Newburgh Real Estate - Homes for Sale | Indiana REALTORŪ
Relocating to Southwest Indiana?
Buying and Selling Southwest Indiana Homes
About The Trentini Team - F.C. Tucker Emge REALTORSŪ - Southwest Indiana REALTORŪ

Real Estate Blog
Latest Posts
Categories

 Real Estate Blog 
Sunday, October 18 2009
 
 
Market Watch For October 2009

Most economists and Ben Bernanke believe that the recession is over.  In addition, the “pending sales index” has increased for seven consecutive months, the first time that has occurred since the index was started in 2001.  Although both of these pieces of information sound great, and they are good, we should look beyond headlines to see what is really happening in the Evansville area.  We have seen a Toyota expansion, we are losing some Whirlpool jobs and we are adding some Berry Plastics jobs.  Currently national unemployment is almost 10% while the Evansville area is less at 8.6%.  Although the economy is improving no one we know is forecasting rapid economic growth.

Local housing sales continue at a very steady rate.  Over the past four months our local MLS has sold 1585 homes compared to 1600 over the same period last year.  Month to month sales have been virtually unchanged since May.  The supply of homes on the market in our area has also stayed very steady.  Although we can not say that sales are brisk, we can say that in some locations and price ranges the supply of homes is limited.  If you are curious about the housing market in a specific location or price range give us a call and we can help you with that information.

From our friends in the financial services industry we have the following to report: But for mildly weak 3-month and 30-year Treasury auctions last week, it was a strong week for the credit markets and even stronger for the real estate market. The reported quantity of mortgage applications for the week prior showed a 16.4% rise overall, with strong jumps for both the purchase money and the refinancing mortgages. The Freddie Mac weekly loan average rate fell to 4.87%. And the average of all mortgage rates (including jumbos, whose rates are declining while applications rise) ended the week at 5.27%.   

A little over a year ago my company, F. C. Tucker Emge Realtors launched a completely redesigned website designed specifically to help make the home buying process easy.  At the same time we started spending less money on print advertising and spent more resources enhancing and promoting our website.  This decision was one of the best decisions we ever made.  We are now selling more real estate than our next two competitors combined and more and more buyers are finding their new home at www.FCTuckerEmge.com  If you haven’t visited the site please do.  We think you will like what you see.

Posted by: Rolando Trentini AT 12:44 pm   |  Permalink   |  0 Comments  |  Email
Comments:

Post comment
Name
 *
Email Address

Message
(max 750 characters)
*
* Required Fields
Note: All comments are subject to approval. Your comment will not appear until it has been approved.

The Trentini Team
F.C. Tucker EMGE REALTORS®
7820 Eagle Crest Bvd., Suite 200
Evansville, IN 47715
Office: (812) 479-0801
Cell: (812) 499-9234
Email: Rolando@RolandoTrentini.com


Accredited Buyer Representative

Equal Housing Opportunity

Multiple Listing Service?

REALTORŪ

 

Pro Step Marketing

PRIVACY POLICY
The Trentini Team is the sole owner of the information collected on this site. Neither The Trentini Team nor the team associates will sell, share, or rent this confidential information to others. Your privacy is the primary issue for The Trentini Team. 

CONTACT POLICY
By submitting personal information such as name, address, phone number, email address and/or additional data, the real estate client/prospect consents that The Trentini Team or their authorized representative may contact client/prospect by phone, U.S. Postal System, or e-mail whether or not client/prospect is participating in a state, federal or other "do not contact" program of any type.
 
 
Copyright© 2007 The Trentini Team, REALTOR®, All Rights Reserved.
Site Powered By
    prostepmarketing.com
    Online web site design