real estate news: Vacation-Home Buyers are Back - 07/02/12 11:47 AM
Real estate practitioners in vacation spots across the country say the market for second homes is picking up steam as buyers grow more confident given signs of growth in small businesses.
The National Association of REALTORS® reports a 7 percent jump in vacation sales to 502,000 last year, accounting for 11 percent of all volume. The median vacation home price was $121,000 last year, down from a peak of $204,100 in 2005, but agents in some locales say prices are beginning to creep up as the distressed inventory is moved out.
Vacation-home buyers are snapping up higher-priced properties, although Jennifer Calenda … (0 comments)

real estate news: 'Improving Housing' List Holds Mostly Steady in April - 04/23/12 11:15 AM
An index measuring improvement in the nation’s housing markets is showing signs of plateauing, which could be a good sign for the spring home-buying season, according to an economist.
The number of metro areas joining the Improving Markets Index ticked up slightly to 101 in April from 99 in March, according to the index released by the National Association of Home Builders and First American. The index measures improvements in metro areas by analyzing increases in housing permits, employment, and housing prices for at least the last six consecutive months.
Source: http://realtormag.realtor.org/news-and-commentary/daily-news?page=1
 
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real estate news: Buyer Urgency Improves, More See Now Good Time to Buy - 04/19/12 09:25 AM
More home buyers may jump off the sidelines this spring as they get more urgent about purchasing a home, fearing that home price and mortgage rate increases are on the horizon.
Housing surveys in recent weeks have shown that more Americans are seeing now a great time to purchase a home. In the most recent survey, 73 percent of Americans say now is a good time to buy, according to the latest Fannie Mae Housing Survey conducted in March. That’s up from 70 percent in February who said it was a great time to buy.
"Conditions are coming together to encourage … (0 comments)

real estate news: Buying is Cheaper Than Renting in Nearly All Major Cities - 04/13/12 07:53 AM
Home buying is the smarter choice than renting, according to Trulia’s Winter 2012 Rent vs. Buy Index.
Buying a home is more affordable than renting in 98 of the nation’s 100 largest metro areas, according to the index, which tracks asking prices for rental units compared to for-sale homes in major metro areas.
The only two metros out of the 100 tracked where renting was found to be the better deal: Honolulu and San Francisco. Still, the index notes that if you plan to stay in those markets more than five years, you might still be better off owning than renting … (0 comments)

real estate news: Realtors Report Increase in Home Sales - 12/29/11 11:15 AM
The Indiana Association of Realtors is reporting a 14 percent jump in closed homes sales for November, compared to the same month a year earlier. IAR also says prices did not follow the trend. The statewide median and average price of homes sold in November were slightly less than the same period in 2010.
According to the monthly “Indiana Real Estate Markets Report” today released by the Indiana Association of REALTORS®, activity was high in November with both the number of closed and pending home sales up by double digits year-over-year.
Statewide, when comparing November 2011 to November 2010:
The number … (0 comments)

real estate news: August Existing-Home Sales Leap Despite Headwinds - 09/26/11 01:42 PM
Existing-home sales increased in August, even with ongoing tight credit and appraisal problems, along with regional disruptions created by Hurricane Irene, according to the NATIONAL ASSOCIATION OF REALTORS®. Monthly gains were seen in all regions.
Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 7.7 percent to a seasonally adjusted annual rate of 5.03 million in August from an upwardly revised 4.67 million in July, and are 18.6 percent higher than the 4.24 million unit level in August 2010.
Lawrence Yun, NAR chief economist, said there are some positive market fundamentals. “Some of the improvement … (1 comments)

real estate news: Most Americans Believe Their Home is a Good Investment - 05/23/11 03:42 PM
Americans expressed cautious optimism about the housing market and the value of home ownership in Fannie Mae’s first quarter 2011 National Housing Survey.
The survey uncovered newfound optimism about home prices, the economy, and personal finances balanced by concerns about rising household expenses, which may require Americans to remain cautions about the recovery.
Despite consumer caution, 57% of Americans still believe that buying a home has a lot of potential as an investment—ranking higher than other investments, such as buying stocks or putting money into an IRA or 401(k) plan.
“Despite moderate signs of improvement in the housing market and the … (0 comments)

real estate news: Market Watch News Letter for May 2011 - 05/19/11 04:12 PM
Market Watch Residential closed transactions in April declined slightly from March but pended transactions increased from March to April. I expect closed transactions to increase slightly over the next few months and still believe that the second half of 2011 will be significantly better than the second half of 2010. The primary factors influencing sales over the next few months will be interest rates, shadow inventory and general economic conditions with particular emphasis on employment. Although I still believe interest rates will increase, I do not expect any significant increase for several months, maybe not until 2012. Shadow inventory, which consists … (0 comments)

real estate news: New-Home Building On the Rise - 04/27/11 03:18 PM
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, … (0 comments)

real estate news: Pending Home Sales Continue Uptrend - 01/31/11 03:52 PM
Pending home sales improved further in December, marking the fifth gain in the past six months, according to the National Association of Realtors®
The Pending Home Sales Index,* a forward-looking indicator, increased 2.0 percent to 93.7 based on contracts signed in December from a downwardly revised 91.9 in November. The index is 4.2 percent below the 97.8 mark in December 2009. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, credits good affordability conditions and economic improvement. "Modest gains in the labor market and the improving … (1 comments)

real estate news: Commercial Real Estate Stabilizing - 11/29/10 02:34 PM
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 news: 10 Ways to Prepare for Homeownership - 11/11/10 10:57 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 news: Home Sales Could Enter 'Virtuous Cycle' - 11/08/10 03:31 PM
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 news: Pending Home Sales Show Another Gain - 10/04/10 12:40 PM
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 news: States With Highest, Lowest Property Taxes - 10/01/10 02:54 PM
Using U.S. Census data, the nonprofit Tax Foundation has uncovered where the highest property taxes in the country are paid relative to the median value of the homes. Some of the locales may surprise you.New Jersey came in first - no surprise there - but New Hampshire, which has no state income tax and prides itself on that, had the next-highest real estate taxes as a percentage of home values.Louisiana had the lowest median taxes compared to property values, another ho-hum finding. But the second-lowest taxes compared to values are in pricey Hawaii.The national median for real estate taxes is 1.04 … (0 comments)

real estate news: Evansville Real Estate Market Watch for August 2010 - 08/13/10 11:05 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 news: INDIANA REAL ESTATE MARKETS REPORT For May 2010 - 06/27/10 03:14 PM
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 news: Southwest Indiana Real Estate Market Watch Report for June 2010 - 06/16/10 11:56 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 news: Fed Beige Book Sees Growth in All 12 Regions - 06/10/10 04:05 PM
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.
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real estate news: The Costs of Renting Out Your House - 05/26/10 04:26 PM
Renting out your house can be a smart financial move, as long as you calculate your costs carefully.
 
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)

 
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Rolando Trentini

Evansville, IN

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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!


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