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Tuesday, May 03 2011
We hope the article below will be of interest. In today’s economic climate all savings can add up so that we can stretch our dollars further. I have started to combine trips so that I can save somewhat with the current high gas prices. We hope you will enjoy reading this article. -RT

You can help save the planet while also saving cash, according to the Alliance to Save Energy.

The average U.S. household spends about $3,425 to power a car and $2,175 on home energy costs--in other words, about $5,600 on energy costs per year. That number is likely even greater with rising fuel and utility costs.

In honor of Earth Day, the Alliance to Save Energy is offering up some pointers on how to trim those yearly expenses with some easy ways to go “green.” Here are a few of its tips.

In your car:

  • Use cruise control. Cruise control on the highway can help you maintain a constant speed, which can help save gas.
  • Use the overdrive gear. By using the overdrive gear, your car’s engine speed goes down, which not only saves gas but also reduces engine wear and tear.
  • Slow down. Driving anything above 60 miles per hour is decreases your gas mileage rapidly. The Alliance equates it to every 5 mph over 60 mph that you drive is basically like paying 24 cents per gallon for gas.


In your home:

  • Swap out the light bulbs. Replace old incandescent bulbs with energy efficient options such as compact fluorescent lights, which can shave up to $50 off your electricity costs over the lifetime of each bulb, even factoring in the higher purchase price of the bulb.
  • Plant a tree. Properly positioned trees outside your home actually have been found to reduce a home’s energy use, even up to 50 percent during the summer months and 15 percent in the winter.
  • Get a tax break. Uncle Sam is offering 2011 tax breaks of up to $500 for energy efficiency home improvements, such as with Energy Star windows, insulation, or energy efficient heating and cooling equipment. Learn more.


Source: “Already-Soaring Gas Prices Make Energy Efficiency an Apt Way to Honor Earth Day While Saving Money, Says Alliance,” Alliance to Save Energy (April 19, 2011)

Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  Email
Monday, May 02 2011

The Vanderburgh County Solid Waste Management District will hold its 2011 Electronics Recycling Days on Saturday, May 14, and Saturday, September 24, from 8:00 a.m. until 12:00 noon at the Civic Center parking lot.


Vanderburgh County residents can bring a variety of electronic materials including but not limited to computers and computer related equipment, TVs, DVD players, DVR/TiVo devices, digital cameras and fax machines.


Copy machines and appliances, including microwaves, will not be accepted.
This program is for households only.  Items from businesses will not be accepted.
For more information, call the Vanderburgh County Solid Waste District at 436-7800.

                     # OF              ITEMS          # OF
    YEAR        VEHICLES     COLLECTED    POUNDS
     2002            143            1,351             n/a
     2003            278            1,384             n/a
     2004            249            1,962          20,890
     2005            458            3,587             n/a
spring 2006        353            3,502             n/a
  fall 2006          437            5,056             n/a
spring 2007        591            6,705             n/a
  fall 2007          682            6,291          66,788
spring 2008        714            7,090          82,084
  fall 2008          924          10,619         100,579
spring 2009        935             n/a           107,022
  fall 2009          974             n/a           111,227
spring 2010        850             n/a             97,725
  fall 2010          400             n/a             48,456

Posted by: Rolando Trentini AT 01:00 pm   |  Permalink   |  Email
Monday, May 02 2011
Unfortunately the cases of meth labs are on the increase, and Evansville has its fair share of them. Meth labs are a nuisance to the community and law enforcement does all they can to stay on top of this situation. The article below shows how a community can work together to lessen the possibilities of individuals to start new meth labs. We commend law enforcement and landlords working together to overcome this problem. -RT

 

Fire fighters and police deal with the aftermath of meth lab explosions.
But who's left to clean up the mess afterward?
In many cases-- it's the landlord who's stuck with the bill.


The Property Owners And Manager's Association of Evansville started up last year, and already it has nearly 70 members representing more than 3,000 rental units.
Police say 9 out of 10 meth lab busts happen at rental properties.


"They need to be aware of what's going on at their rental property and that will protect them and the neighborhood the rest of our community and us," said drug task force Sgt. Scott Hurt.
Police say they filed more than 400 meth related charges in 2010-- an all time record that they are on pace to shatter in 2011.

View video here: http://tristatehomepage.com/fulltext?nxd_id=264647

Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  0 Comments  |  Email
Friday, April 29 2011
We consider Atlas Van Lines a local company here in Evansville Indiana. Even though this is true, Atlas Van Lines has worldwide contacts and offices throughout the United States and in other countries. Atlas therefore has a direct pulse to the market place and is in a very good position to make predictions on corporate as well as personal relocations. The report below will highlight the advances in the relocation market. -RT

 

Relocation managers across the U.S. are expressing optimism that the worst of the recession is now in the rearview mirror, according to a survey.

Responding to Atlas Van Lines' 44th annual Corporate Relocation Survey, 72 percent of the relocation managers polled say they believe their respective companies will fare better in 2011. The optimism rate among large firms surveyed jumps to 80 percent. 

Data from the survey indicated that:

• Fifty-four percent of executives surveyed believe the U.S. economy will improve in 2011-the highest rate of such optimism recorded since 2006.

• Thirty percent of companies plan to relocate workers this year, the highest percentage in six years.

• Eighty-seven percent of companies will spend as much or more on relocation in 2011 as in 2010, the most since 2007.

The Midwest is now the top destination of transfers (37 percent) followed by the Northeast (31 percent), the South (28 percent) and West (20 percent). Thirty-two percent of companies say they increased the number of international relocations in 2010, with 28 percent predicting another increase in 2011. 

According to Griffin, the Atlas survey has revealed trends in how corporations are moving existing employees or newly-hired staff. He said, it shows where the economy has been and where it’s headed and the view looks better than it did one year ago. The effect of economic/market pressures on entry level/new hire and middle management relocations appear to be lessening.

In 2008 and 2009, roughly 40 percent of companies say these pressures decreased relocations in these job sectors. In 2010 that percentage dropped to just above 25 percent.

Seventy-eight percent say the economy or real estate markets are the most important factors affecting relocations. While employers may be more optimistic about the economy, many of their workers remain cautious and somewhat apprehensive.  Fifty-nine percent of firms say they had employees decline relocations in 2010; the third highest level in several years.  Among large companies, the rate jumps to 87 percent. Three of every four companies surveyed say the number of employees declining relocation in 2010 stayed about the same as 2009, reflecting little change in workers' attitudes toward moving. 

Sixty-nine percent of employees who wouldn’t move cited housing and mortgage concerns, 55 percent cited family issues and ties, and 41 percent cited their spouse’s or partner’s employment.

Twenty-seven percent of companies surveyed say that declining a relocation request usually hinders an employee's career. 

2011 Survey fast facts

• Eighty-four percent of firms have a formal relocation policy.

• More than half of all relocations were new hires (53 percent).

• Employees age 36-40 remained the most frequently relocated salaried employee in 2010 (37 percent); most are male - only 19 percent of relocations involved female employees.

• Forty-five percent of relocations involved employees with children; 61 percent of those relocated were homeowners.

• Thirty-two percent of responding firms give employees just one week or less to accept a relocation offer (up 7 percent from 2010 survey).

• More than three-fourths of companies reimburse/pay to pack all items; 28 percent to move pets; 14 percent will even reimburse for moving boats.

• Among international relocations, the most frequent destination was Europe (41 percent).              

Source: Atlas Van Lines http://www.talentmgt.com/industry_news/2011/April/5359/index.php


Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  0 Comments  |  Email
Thursday, April 28 2011
Yesterday we reported on an article on the rise in the new home construction industry. Today we can report that there is also a rise in the sale of existing homes. According to the National Association of Realtors existing-home sales rose in March, continuing an uneven recovery that began after sales bottomed last July. This in itself is a good indication that barring any unforeseen mishaps with the economy, we should continue to see increases in the sales of homes. -RT

 

Existing-home sales rose in March, continuing an uneven recovery that began after sales bottomed last July, according to the NATIONAL ASSOCIATION OF REALTORS®. 

Existing-home sales, including single-family, townhomes, condominiums, and co-ops, increased 3.7% to a seasonally adjusted annual rate of 5.10 million in March from an upwardly revised 4.92 million in February, but are 6.3% below the 5.44 million pace in March 2010. Sales were at elevated levels from March through June of 2010 in response to the home buyer tax credit.

The improving sales pattern is likely to continue, said NAR Chief Economist Lawrence Yun. “Existing-home sales have risen in six of the past eight months, so we’re clearly on a recovery path,” he said. “With rising jobs and excellent affordability conditions, we project moderate improvements into 2012, but not every month will show a gain—primarily because some buyers are finding it too difficult to obtain a mortgage. For those fortunate enough to qualify for financing, monthly mortgage payments as a percentage of income have been at record lows.”

NAR’s housing affordability index shows the typical monthly mortgage principal and interest payment for the purchase of a median-priced existing home is only 13% of gross household income, the lowest since records began in 1970.

Mortgages harder to get

Data from Freddie Mac and Fannie Mae show requirements to obtain conventional mortgages have been tightened, with the average credit score rising to about 760 in the current market from nearly 720 in 2007; for FHA loans the average credit score is around 700, up from just over 630 in 2007.

“Although home sales are coming back without a federal stimulus, sales would be notably stronger if mortgage lending would return to the normal, safe standards that were in place a decade ago—before the loose lending practices that created the unprecedented boom-and-bust cycle,” Yun explained. 

“Given that FHA and VA government-backed loan programs turned a modest profit over to the U.S. Treasury last year, and have never required a taxpayer bailout, we believe low-downpayment loans should continue to be available for those consumers who have demonstrated financial responsibility and are willing to stay well within their budget. Raising the downpayment requirement would unnecessarily deny credit to many worthy middle-class families and veterans,” Yun said.

Who is buying homes?

A parallel NAR survey shows first-time buyers purchased 33% of homes in March, compared with 34% of homes in February; they were 44% in March 2010.

All-cash sales were at a record market share of 35% in March, up from 33% in February; they were 27% in March 2010. Investors accounted for 22% of sales activity in March, up from 19% in February; they were 19% in March 2010. The balance of sales were to repeat buyers.

Housing inventory up slightly

Total housing inventory at the end of March rose 1.5% to 3.55 million existing homes available for sale, which represents an 8.4-month supply at the current sales pace, compared with a 8.5-month supply in February.

Single-family home sales up

Single-family home sales rose 4.0% to a seasonally adjusted annual rate of 4.45 million in March from 4.28 million in February, but are 6.5% below the 4.76 million level in March 2010. The median existing single-family home price was $160,500 in March, down 5.3% from a year ago.

Condo sales rise

Existing condominium and co-op sales increased 1.6% to a seasonally adjusted annual rate of 650,000 in March from 640,000 in February, but are 4.1% below the 678,000-unit pace one year ago. The median existing condo price was $153,100 in March, which is 10.1% below March 2010.

Regional home sales mixed

Regionally, existing-home sales in the Northeast rose 3.9% to an annual level of 800,000 in March but are 12.1% below March 2010. The median price in the Northeast was $232,900, down 3.0% from a year ago.

Existing-home sales in the Midwest increased 1.0% in March to a pace of 1.06 million but are 13.1% lower than a year ago. The median price in the Midwest was $126,100, which is 7.1% below March 2010. 

In the South, existing-home sales rose 8.2% to an annual level of 1.99 million in March but are 1.0% below March 2010. The median price in the South was $138,200, down 6.6% from a year ago.

Existing-home sales in the West slipped 0.8% to an annual pace of 1.25 million in March and are 3.1% below a year ago. The median price in the West was $192,100, which is 11.2% lower than March 2010. 

Source: NAR



Read more: http://www.houselogic.com/news/articles/existing-home-sales-rise-march/#ixzz1K6DhhWj1
Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  0 Comments  |  Email
Wednesday, April 27 2011
The news coming out of the home construction industry is cautiously positive. We do not think that we have overcome all the problems and obstacles, but all indications are that new home construction rates are on the rise. The report below shows positive signs and we can only hope this trend will continue. - RT

New home construction is picking up just in time for the spring buying season, according to the latest new-home report released on Tuesday from the Commerce Department. Builders broke ground on more new homes in March than in the last six months.

Another bright spot: Building permits, an indicator of future construction, increased 11.2 percent for the month.

After a dismal winter performance, new-home building bounced back 7.2 percent in March from February to a seasonally adjusted 549,000 units. Yet, the sector is still far below the 1.2 million units a year that economists consider a healthy building pace.

The new-home sector has faced hard times in recent years, competing against a flood of foreclosures and short sales on the market that have pushed housing prices down. In February, construction fell to its lowest level in nearly two years, and requests for building permits to start new projects had dropped to a five-decade low in February.

Builder sentiment also remains low, according to Monday’s release of the National Association of Home Builders’ monthly index of industry sentiment for April.

Builders' views on the market had risen slightly in March to 17 in the index but in April fell back to 16, a level that it had remained at for four straight months prior to March. Any reading below 50 indicates negative sentiment about the market, a level the index hasn’t been above since April 2006.

Source: “U.S. Housing Starts, Permits Rebounded in March,” Associated Press (April 19, 2011) and “Builder Outlook for Home Buying Falls Slightly as Foreclosures, Short Sales Weigh Heavy,” Associated Press (April 18, 2011)

Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  Email
Tuesday, April 26 2011
Here we have a copy of the Indiana Statewide Housing market Overview. It is important to note that real estate is local and local conditions do not necessarily follow state or nationwide conditions. We are fortunate to be in the Tristate.  Our averages are running above those of both the state and the nationwide levels. One indicator we keep an eye on is the Months Supply of Inventory, at the local level, which for the year ending in March 2011 is 9.1. The Indiana State wide Months Supply of Inventory is 9.7. We will report on this again in one month time to see if there were any differences. Please feel free to contact me at: RolandoTrentini@FCTE.com if you have any questions or concerns. - RT

The Indiana Association of REALTORS® (IAR) today released its monthly “Indiana Real Estate Markets Report” as a continuation of its “Indiana is Home” project.  Statewide, when comparing March 2011 to March 2010:


The median sale price of homes decreased 2.8 percent to $105,000; and
The number of closed sales decreased 13.0% to 4,599.

“As expected, the number of closed sales and the median sale price of homes are down year-over-year,” said Karl Berron, Chief Executive Officer.  “It is likely we'll report larger percentage decreases in those measures next month. Neither is particularly concerning because of the April 30th federal home buyer tax credit deadline that pulled sales forward last year.”


REALTORS® have advised consumers for awhile now to review housing data in the long-term until the impact of the tax credit recedes. While the impact won't be as great after April, those who took advantage of the credit had until September 30, 2010, to close their transaction. This means that October 2012 is the soonest a true year-over-year comparison can be made.


“Until then, it’s a good idea to look deeper into the report,” said Berron. “Historical graphs show stability. Add that to continued low, but rising, interest rates, and qualified buyers couldn't ask for a much better time.
“Stability won't turn into growth without consumer confidence, so we're watching jobs numbers and unemployment claims closely, both of which are headed in the right direction,” he continued. “We're also watching - and advocating for changes to the mortgage industry that will ensure access to adequate mortgage capital for qualified buyers.”


More about the “Indiana Real Estate Markets Report

Posted by: Rolando Trentini AT 01:00 pm   |  Permalink   |  Email
Tuesday, April 26 2011
More Americans are heading to the South and West, according to the 2010 U.S. Census. The latest census data shows the largest population growth in the last decade occurred in areas of the South and West, as Northeast and Midwest residents continued to head toward warmer and less expensive Sun Belt hot-spots.

Populations in the South and West grew 14.3 percent and 13.8 percent, respectively, from 2000 to 2010, while Northeast and Midwest areas grew by only 3.2 percent and 3.9 percent, according to the Census Bureau.
As such, the decade’s hottest housing markets also had the most rapid population growth, including Nevada (35.1 percent growth), Arizona (24.6 percent), and Florida (17.6 percent).

However, demographic factors likely will have less of an impact as it once did in the short-term in driving the housing market and prices, experts say.

Paul Bishop, vice president for research at the National Association of REALTORS®, says he expects much of the short-term housing activity to be mostly centered on low and high ends of the market, rather than driven by merely migration patterns. He says investors likely will continue to target highly discounted homes in growing Sun Belt cities as well as in shrinking Rust Belt areas. He also anticipates an increase in sales of expensive homes.

"The stock market has been doing pretty well, which benefits the wealthy," Bishop told Investor’s Business Daily. "And the wealthy can withstand bad economic times better than others."

Source: Housing Bust Curtails Moves, Great American Migration Investor’s Business Daily (April 14, 2011)
Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  Email
Monday, April 25 2011
a happy home
Did you know that a typical U.S. home emits more carbon dioxide than two average cars? Or that the average U.S. household spends $1,900 per year on utility bills? Earth Day is just around the corner, and serves as a great reminder to consider new ways to become more eco-friendly. Below, tips for your home that will benefit the earth and your wallet.
 
Start with heating and cooling
Heating and cooling systems drain more energy dollars than any other system in your home. Consider programmable thermostats, upgrades to current equipment, regular replacement of filters, and drawing the shades on your windows to save energy use and cost.
 
Address leaks
Check the insulation in your attic, ceilings, basement walls, floors and crawl spaces to increase the comfort of your home while reducing heating and cooling needs.
Watch your watts
Changes to your lighting are one of the most immediate ways to reduce energy costs. Use energy-efficient bulbs and consider occupancy sensors, dimmers and timers for high-use areas such as the kitchen, living room and outside.
 
Monitor appliance consumption
Shop for new appliances with two price tags in mind: the initial cost of the appliance itself, and what it will cost you to operate that machine over its lifetime.
 
Want to start conserving but don’t know where to start? Here’s a simple guide to the steps you should take to maximize energy and cost savings.
 1.            Find out which appliances or areas of your home use the most energy. This can be done with your utility company, or you can do an audit yourself.
 2.            Compare your current energy costs with your
areas of greatest energy loss. Determine your energy efficiency investment solution and how long it will take to pay off in the long term.
 3.            Weigh factors such as “How long will I be in my home,” “Does the work require a contractor?” and “What is my budget and how much do I have for maintenance and repair?” before developing
a plan.
 Learn more about smart energy conservation by visiting www.energysavers.gov
WARRANTY WISDOM
Home service agreements give you the assurance that there is someone to help at any time with problems on covered items. A HomeTrust home service agreement gives you the protection you need against breakdowns of covered appliances and major systems such as plumbing, heating, electrical and air conditioning.
Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  0 Comments  |  Email
Friday, April 22 2011

EVANSVILLE -- Winter and early Spring flooding is causing quite the mess along Evansville's riverfront, but clean up crews have to wait for the weather to cooperate.

The Greenway along Evansville's riverfront is a path that many take every day. Joshua Seibert lives in Evansville and says this time of year he's usually greeted with the remnants of Winter flooding. He says the riverfront is usually "sort of smelly from the stagnant water, the debris. Lot of grass down here too. Usually it's cleaned up down here, but it's been pretty nasty". Seibert says this year, the junk that's washed up seems to be worse, including tires and other junk washed up on the concrete near Casino Aztar.

The City of Evansville says that all of this mess can't be cleaned up until waters fully recede for the entire season. Executive Director of Transportation and Services for the city Ed Ziemer says his crews normally wait until April first or Mid-April to clean up because in the past they've cleaned up only to have more flooding happen.

Ziemer says once word is given that flood season is over, city crews get to work to get the riverfront back into shape. "A couple pick up trucks or dump trucks (are used) to load the logs in. We try to pick up any cans or paper or plastic bags or tires or anything like that. We pick all that stuff up. The only thing we wash back in the river is the mud itself," he explained.

Ziemer says it usually takes a crew of about ten workers to get the riverfront area cleaned up. The entire crew works for the city, so no extra funds are needed for the job.

Source: http://www.news25.us/Global/story.asp?S=14433434

Posted by: Rolando Trentini AT 08:01 am   |  Permalink   |  0 Comments  |  Email

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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


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