The Market is Heating Up!

The local market is really heated up with the announcement of many new jobs, low interest rates and a positive vibe which is prevelant throughout the community.  Now is a great time to consider making a move and taking advantage of rates.  The prevailing thought in the markets is interest rates will rise within in the next twelve months as our economy continues to strengthen.  This is why it is a good time to consider moving to increase the overall amount of buying power you may have.  For more information, please contact Rob Millman at (812) 528-3028.

Spring Market Update!

Seymour and the Jackson County Community should be very proud this year with the announcement of over 729 new direct jobs in our community.  These new jobs will cause our community to grow as there will also be many new indirect jobs created due to the primary employment provided by these industries.  We are very fortunate to be able to experience this growth, and now is the time to position the real estate community to prepare for this growth with additional housing.  Note the new jobs and promised investment to our community. 

Aisin	114 New Jobs	$22 Million Promised Investment
Cummins Engine	290 New Jobs	$219 Million Promised Investment
Pet Supplies Plus	135 New Jobs	$10 Million Promised Investment
Valeo-Sylvania	190 New Jobs	$37.7 Million Promised Investment
Total Announcements	729 New Jobs	$288.7 Million Promised Investment

This year our real estate market is experiencing an undersupply of inventory which has placed us in our seller’s market.  A seller’s market is indicative of low inventory levels, home values generally rising with ease, and there are considerable signals of strength in the market.  It does not indicate a seller can demand any price they wish, however if price, condition and location are complimentary, a home has a greater likelihood to sell. 

Our marketplace, especially in Seymour needs additional housing to fulfill the upcoming needs with the promised new employment.  Currently, the Seymour market is about 85 -90 homes short of a balanced inventory with the demand for an additional 90 more homes needed by 2016.  For additional information about these projected and specific needs, please contact me.

Local Interest Rates – April 27^th, 2012

Financial Institution	30 Year Fixed Rate (Zero Points)	15 Year Fixed Rate (Zero Points)
Bloomfield State Bank	3.500%	2.875%
Centra Credit Union	3.875%	3.125%
Dupont State Bank	4.000%	3.375%
First Financial Bank	4.000%	3.250%
Indiana Bank & Trust	3.875%	3.250%
Jackson County Bank	4.000%	3.250%