via telegraph.co.uk
‘Win win’ for house prices as 1m prepare to buy, says Ernst & Young | Cross River NY Real Estate
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Tag Archives: Cross river NY Luxury Homes for Sale
Estimate Of Recoverable US Gas Reserves | Cross River Real Estate
A biennial survey of U.S. gas reserves has just printed its highest-ever estimate, reports the Financial Times.
The Potential Gas Committee says there is now 2,384 trillion cubic feet of recoverable natural gas in America, up 486 tcf from the previous all-time high in 2010.
Most of the new reserves came from recalculations in the Atlantic, Rocky Mountain and Gulf Coast areas.
Here’s why it went up, according to PGC Director John Curtis, via PGC’s release:
LinkedIn Mentions, This Week in Social Media | Cross River Realtor
Cities Where Homes Sell In Under 24 Hrs | Cross River NY Homes
Is the Washington, D.C.-area housing market bubbling again? | Cross River NY Real Estate
Average home prices in metropolitan Washington were up by double-digit percentages in three out of the past four months, and some have begun to wonder if they are heading toward unsustainable levels.
How can prices in some neighborhoods be back to where they were at the peak of the housing market? How can there be bidding wars again where potential buyers have to be prepared to make an offer — often with an escalation clause — at the open house? How can it be so difficult for a first-time homebuyer to find a house in her price range that is not too far from her job?
Are these all signs that we’re headed for another bubble here in the Washington area, even as much of the rest of the country is just beginning to feel recovery in their housing markets?
The short answer is no. At least not the kind of bubble we experienced in 2002 through 2006. A critical difference between the current market and the overheated market of the middle of last decade is the nature of the mortgage market.
Stricter underwriting standards have limited the pool of potential homebuyers to those who are most qualified and most likely to be able to pay loans back. The demand this time is based more closely on market fundamentals. And the price growth we’ve experienced recently is “real.” Or “more real.”
Prices aren’t up everywhere across the region. In parts of the District, Arlington and Alexandria, average prices have returned to peak levels. For some neighborhoods and product types, demand is high and multiple offers are common.
However, prices in many neighborhoods remain far below what they were six or seven years ago. Prices have been pushed higher in neighborhoods closest to jobs and transportation and where supply is more limited.
Pinterest Introduces Web Analytics, and Other Marketing Stories of the Week | Cross River Realtor
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More companies decide content really is king | Cross River Real Estate
Companies are increasingly embracing content marketing — the creation and sharing of articles, pictures, video and other publishing content in order to acquire customers — as one of the most effective forms of advertising.
A large share of companies are recalibrating their marketing strategies in 2013 to put greater emphasis on content marketing, a recent survey by content development company CopyPress found.
The percentage of companies that said content would be their primary marketing focus in 2013 nearly doubled from last year’s survey, rising from 18.9 percent to 34.8 percent, CopyPress said. The survey found that about half of marketers decided to change their marketing focus in 2013.
“The focuses for 2013 are radically different,” CopyPress said in a report detailing the survey’s findings, “2013 State of Content Marketing.”
The shift in focus appears to be manifesting itself in real estate. Online foreclosure marketplace RealtyTrac recently created a network of brokerages that it says will help it generate market-specific reports that it can pitch to media outlets.
Meanwhile, listing service Trulia just debuted its “Real Estate Lab,” which it said will uncover hard-to-spot trends in the housing market.
via inman.com
China’s property market heats up | Cross River Real Estate
Prospective buyers at a property sale in Beijing.
HONG KONG (CNNMoney)Property prices ticked up last month in many Chinese cities, raising the chances of further government action to cool the housing market.
Prices jumped in 54 of the 70 cities tracked by the government in January, according to data released Friday by the National Bureau of Statistics.
The average price change was an increase of 0.6%, the first year-on-year acceleration in 11 months. Compared to the previous month, prices rose 0.5%, which is the fastest rate of growth since January 2011, according to economists at Nomura.
China has gradually eased property ownership restrictions in recent decades, and its citizens have responded by pouring money into housing.
The resulting growth was so red-hot that many analysts feared a bubble was developing. But more recently, China’s real estate market had slowed amid government efforts to rein in speculators and control prices.
The measures include higher down payments, tough qualifications for mortgages, residency requirements and limits on investment purchases.
The slowdown spurred developers to offer discounts to unload their unsold inventory. Spooked by falling prices, would-be buyers stayed on the sidelines, and investors mourned declining valuations.
January’s increase is likely attributable to looser monetary policies and an abundance of liquidity — general stimulus measures taken by Beijing recently to combat a slowing economy.
But Beijing is still wary of rising property prices, and will likely respond with cooling measures.
“We believe the recent rise in property prices will pressure the government to tighten policies,” economists at Nomura wrote Friday.
Chinese stocks: ‘Not for the faint of heart’
And indeed, the government is already signaling some action.
China’s State Council said Wednesday that cities where prices have “soared too fast” will be asked to “introduce timely curbing measures.”
And in a bid to maintain supply, the council said it would guarantee land supplies for housing projects at no less than last year’s level.
First Published: February 22, 2013: 1:38 AM ET
via money.cnn.com
Videos of Meteor Hit 100 Million Total Views in Record Time | Cross River Homes
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Demystifying the ‘Obamacare’ real estate tax | Cross River Real Estate
Q: When does the tax for “Obamacare” when selling a house go into effect? How will it be calculated? –P.
A: First things first: Always, when considering any real estate move, from buying to selling, refinancing or even planning to rent for a number of years, get your own tax professional on the horn, loop them into your plans, and get their advice.
I say this upfront because I commonly see people worry and fret about tax issues that are not likely to ever be an issue for them, and vice versa: people wandering right into tax dramas they could have avoided if they’d gotten professional advice upfront.
And this “Obamacare” home sale tax issue is no different. Many who are worried about it needn’t be at all. Many who are unaware of the tax should be mindful of it.
via inman.com