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Pending home sales down 10.5% from February 2013 | Cross River Real Estate

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Pending home sales fell for the eighth straight month, down 0.8% from the downwardly revised January report and down 10.5% from February 2013, according to the index from the National Association of Realtors.

NAR’s pending sales index is an indicator of closings that usually happen within three months.

“Contract signings for the past three months have been little changed, implying the market appears to be stabilizing,” said Lawrence Yun, chief economist for NAR. “Moreover, buyer traffic information from our monthly Realtor survey shows a modest turnaround, and some weather delayed transactions should close in the spring.”

Existing home sales have been down since September 2013, with buyers facing the challenges of an increasing affordability gap as investors have driven up prices and lending requirements have tightened.

“Upon first glance, it may seem high that a quarter of all ZipRealty home sales closed without financing in 2012 and 2013,” said ZipRealty CEO and president Lanny Baker. “But based on our own internal analysis and data from the National Association of Realtors, the percentage of all-cash real estate transactions may actually be moderating. Nationwide, the percentage of all-cash real estate transactions reached a five-year high in 2010 at 27%, and the percentage of all-cash property sales has slowly declined or flattened every subsequent year.”

All-cash transactions accounted for 20% of the residential real estate market in 2009, and 25.6% of the market in 2011, NAR reports.

According to ZipRealty’s analysis, in 2013 26% of all the real estate transactions closed by ZipRealty agents were purchased with cash, while 25% of the homes purchased through ZipRealty agents were acquired with cash.

 

http://www.housingwire.com/articles/29460-pending-home-sales-down-105-from-february-2013

 

39 Blogging Tips From the Pros | Cross River Realtor

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Are you looking for the latest blogging tactics?

Do you want to know what the blogging pros are doing today?

Keeping up with the latest social media changes is not always easy, and your blogging tactics may need to be refreshed.

We asked 39 blogging pros to share the best blogging tips and tactics worth doing today.

Here’s what they have to say.

#1: Turn Google Hangouts On Air Into Mini-Courses in a Blog

martin shervingtonMartin Shervington

Since I launched PlusYourBusiness, I’ve focused on one main tactic: include as rich a multimedia experience on the blog posts as I can, while remaining useful.

One of the best ways I’ve found to do this is to take an interview and structure it into a mini-course.

So, this is what I do regularly:

Run a Google Hangout On Air. For example, an interview with someone in social media or social SEO.

hangouts on air homepage

Run a Google Hangout On Air and then turn it into a mini-course on your blog.

 

I then take that interview and have it transcribed. I edit it into key sections, maybe five or six, adding in branding on the front- and back ends. This helps create a flow in the blog by embedding the YouTube videos into the blog post.

Then I take the original full version of the hangout video and embed that at the end, adding in the transcript for those who like to skim through.

So what’s the main advantage? Well, this way people can structure their own learning experience. They can watch one video at a time instead of risking watching one or two hours of videos.

Google Hangouts On Air can be recorded as live, private events in YouTube as well. So even if you don’t want to have one publicly on Google+, you can still achieve the same result. It really is a great way to make your content work a lot harder on your behalf.

Martin Shervington is the author of The Art and Science of Google+ and a marketing consultant.

#2: Make an Audio Version of Your Blog Posts

greg hickmanGreg Hickman

Recently, my favorite blogging tactic has been to make an audio version of my blog posts to share on my podcast feed. It introduces a whole new set of content to my podcast audience and lets people consume my editorial content in a new, easy and mobile way.

Some bloggers using this tactic are seeing a 2000% increase in exposure. I’m experiencing this on my own site and it’s even created more engagement in the Comment section, surprisingly enough.

 

 

 

http://www.socialmediaexaminer.com/39-blogging-tips/

Rising Home Prices May Not Tell the Whole Story | Cross River Real Estate

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Everyone knows rising home prices make it a sellers’ market. Sellers can afford to hold out for top dollar because buyers are rushing to beat higher prices.

Well, not exactly. Zillow.com, the home listing and data firm, has a more refined way of looking at it, defining a sellers’ market as “not necessarily one where home values are rising, but rather one in which homes are on the market for a shorter time, price cuts occur less frequently and homes are sold at prices very close to (or greater than) their last listing price.”

The buyers’ market is, as you’d expect, the opposite: “Homes for sale stay on the market longer, price cuts occur more frequently and homes are sold for less relative to their listing price.”

Prices may indeed be rising quickly in sellers’ markets and falling in buyers’ markets, but price change alone is not the key factor.

So whether you are a buyer or seller, with a little sleuthing you can figure out who has the negotiating edge. Lots of this data are under Zillow’s Local Info button.

Zillow’s approach makes for some intriguing conclusions about conditions as the spring selling season gets rolling. The West Coast is a seller’s market, while the Midwest and East Coast favor buyers. In the recent post-crisis years, the whole country tended to move in the same direction, but now, in a return to more typical behavior, local variations are reasserting themselves, Zillow says.

The hottest sellers’ markets: San Jose, Calif., and San Francisco; San Antonio, Texas; and Los Angeles. The hottest for buyers: Cleveland, Ohio; Philadelphia; Tampa, Fla.; and Chicago.

 

 

http://www.mainstreet.com/article/real-estate/rising-home-prices-may-not-tell-whole-story?puc=yahoo&cm_ven=YAHOO

Real Housewife Personally Drives Bulldozer Into 42 Star Island | Cross River Real Estate

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42%20Star%20Island%20Drive%20-%20December%202008%20-%20Credit%20Ronny%20Lorist%20X.jpg[Photo Via Ronny Lorist]

Lisa Hochstein is having a great day. The Real Housewife of Miami and her hubby Lenny have finally won her battle to demolish historic 42 Star Island Drive and she celebrated by personally demolishing the house’s porte cochere, she told news reporters yesterday. The house’s sad demise was all over the evening news.  “I actually tore down this entire front area here, it was actually really fun. This is a fun job.” said Lisa, contemplated a career change no doubt. The house should take about three weeks to demolish in its entirety, and the new one won’t be finished for another two years.

 

http://miami.curbed.com/archives/2014/03/19/real-housewife-personally-drives-bulldozer-into-42-star-island.php

Fixed Mortgage Rates Move Down a Tad | Cross River Real Estate

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Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving down slightly after last week’s uptick, and remaining within range of average fixed rates for the first quarter of 2014.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.32 percent with an average 0.6 point for the week ending March 20, 2014, down from last week when it averaged 4.37 percent. A year ago at this time, the 30-year FRM averaged 3.54 percent.
  • 15-year FRM this week averaged 3.32 percent with an average 0.6 point, down from last week when it averaged 3.38 percent. A year ago at this time, the 15-year FRM averaged 2.72 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.02 percent this week with an average 0.4 point, down from last week when it averaged 3.09 percent. A year ago, the 5-year ARM averaged 2.61 percent.
  • 1-year Treasury-indexed ARM averaged 2.49 percent this week with an average 0.4 point, up from last week when it averaged 2.48 percent. At this time last year, the 1-year ARM averaged 2.63 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

Quotes Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.

“Mortgage rates eased this week as housing starts declined 0.2 percent in February to a seasonally adjusted annual rate of 907,000, below consensus forecast. The rate on the 10-year treasury note rose following the Fed’s announcement Wednesday afternoon and, if this holds, interest rates may begin to trend higher going into next week.”

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. For more information please visit www.FreddieMac.com and Twitter: @FreddieMac.

Here Now, The 10 Richest Neighborhoods In New York City | Cross River Real Estate

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I-%24-NY.jpg

[Original image via Curbed Flickr Pool/Vivienne Gucwa]

Following the example set by our sister-site, Curbed LA, we too are dissecting the Higley 1000, a list that uses information from the Census Bureau’s American Community Survey 2006-2010 to rank the nation’s most affluent neighborhoods according to their mean household income. In their coverage of the list, Atlantic Cities notes that denser urban areas are subject to more variance than the suburbs, whose large-lot exclusionary zoning keeps them the territory of the uber-wealthy. So only somewhat surprisingly, NYC environs far outshone city neighborhoods to take the list’s top spots. Coming in at the most affluent neighborhood in the nation on the Higley 1000? Greenwich, Connecticut’s “Golden Triangle,” where a mean household income is $614,242 annually. The first New York City ‘hood to appear on the list ranks 90th. Think you can guess what it is?:

10) Upper East Side: ($278,040)

9) Cobble Hill: ($281,303)

8) Beekman Place: ($283,316)

7) Forest Hills: ($288,699)

6) Dumbo: ($295,153)

5) Tribeca: ($332,138)

4) Carnegie Hill: ($333,067)

3) Flatiron District: ($347,688)

Would You Rather be Social or Interesting? | Cross River Realtor

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The “Interest Graph” is not the “Social Graph”. But what does that mean  and why should you care?

Despite the rapid ascent of Interest-based platforms, such as Pinterest,  Sulia, WeHeartIt and Wanelo, we rarely see dialogue about the Interest Graph  except in a Social context. However, The Interest Graph and Social Graph are two  fundamentally different infrastructures with different underlying assumptions  for marketers.

Sure, they often overlap, but it’s time we come to appreciate their  differences, so that we can be more effective marketers on a social web driven  by people’s passions and interests.

So should you be social or interesting?

The social graph is about who you “know”

Friends, followers and connections represent some degree of familiarity,  ranging from a spouse to someone you met once at that thing you went to. If you  think in High School terms, the Social Graph is all about getting in with the  cool kids, so you can multiply your reach and borrow from their swagger.

The basic assumption of “Social  Marketing” is:

“If someone knows someone else,  they will be interested in similar things”

The interest graph is about “passions”

In high school, the “Interest Graph” is like clubs or sports teams- a group  of people coming together because they love to do the same thing. They may or  may not be friends, may or may not know each other, but they share a common  passion that brings them together. The more passionate they are the more likely  they are to create, share and comment.

The basic assumption of Interest  Marketing is thus:

“If someone is interested in  something, people who are interested in similar things will be interested in  that thing”

Social marketing is about reach

The more people who see your message, the further it will spread. This means  you will need to continue to grow your social networks on Twitter to remain  ahead of the competition. It’s about building an online distribution  network.

Read more at http://www.jeffbullas.com/2014/03/14/would-you-rather-be-social-or-interesting/#bLk7jqXUxfOvfP54.99

The Hidden Costs of Buying a Home | Cross River Homes

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You’re looking for a house and see the perfect listing. It has a big number on it. For simplicity’s sake, say $200,000. If you’re like most prospective homeowners, you think you will soon be talking to a lender and getting a loan for this amount.

But as veteran homebuyers already know, you are going to pay much more than $200,000.

True, almost everything we buy has a hidden cost. You buy a toothbrush for a couple bucks, and since you’ll have to purchase toothpaste, the ownership cost of a toothbrush is more than $2 — especially if you throw in a toothbrush holder. Obviously, the hidden costs of buying a house are far more complex. And if you aren’t prepared for them, you may come away from the experience feeling as if you’ve been kicked in the teeth.

So if you’re thinking of buying your first house, be on the alert for these hidden costs.

 

http://news.yahoo.com/hidden-costs-buying-home-151852332.html

Why the future of real estate is peoplework, not paperwork | Cross River Real Estate

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Nearly everything in our lives has migrated online over the past decade. We shop online, read books on our tablets and stream movies through Netflix. We book flights ourselves and rent cars from an app on our phone. Handshakes have given way to email and Facebook ‘likes.’

The world has undoubtedly changed, but relics of our old lives remain.

This is especially apparent in real estate with the prevalence of documents, whether deadwood or digital attachments. Real estate professionals must close the gap – to succeed in an industry where human connections and experiences now matter more than ever.

More of the Same Won’t Cut It

Think back to how agents and clients closed deals in the past. The buyer and seller would meet with their agents to negotiate until they either reached a deal, or didn’t. If they reached a deal, they would shake hands and then document it. Over time, however, the document became the meeting place. It was scanned, mailed and inefficiently tossed back and forth to close a deal. Layer on the past 30 years of digital innovations, from the fax machine and scanners to email and Google Hangouts, and our industry is left with a convoluted mesh of yesterday’s technologies that solve yesterday’s problems.

 

 

http://www.housingwire.com/blogs/1-rewired/post/29259-why-the-future-of-real-estate-is-peoplework-not-paperwork

 

That’ll Be $19.5M for This Highly Photogenic Aspen Compound | Cross River Real Estate

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21 images

Equal parts glassy modern, traditional ski lodge, and austerely cement-clad in an almost post-Soviet vein, this circa 1995 Aspen compound is a bit of a hot mess, architecturally speaking. But whoever designed the interior is a miracle worker; so often, when chalets go for darkly handsome and somewhat brooding they end up looking way too severe or even a bit raunchy. Could be that all the vintage fineries—which thankfully, stop just short of Anthropologie catalogue excess—pull this place out of the design limbo it was born into. Of course, the listing asserts that “every detail… was crafted from imagination and ingenuity,” but anyone willing to plunk down $19.5M on this 14,000-square-foot six-bedroom head-scratcher will have to come to grips what a hodge-podge it is from the outside. Get an eyeful in the gallery below.

 

http://curbed.com/archives/2014/03/10/thatll-be-195m-for-this-highly-photogenic-aspen-compound.php