Housing Market in 2013: Prices Rise, Lending Remains Tight | Fox Business.
Tag Archives: Katonah Luxury Homes
Mortgage rates tick up slightly | Katonah NY Real Estate
Freddie Mac today released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates climbing a little from last week following positive news for housing starts and building permits.
According to Freddie Mac, 30-year fixed-rate mortgage rates averaged 4.47% with an average 0.7 point for the week ending Dec. 19.
That’s up from last week’s 4.42%.
The 30-year fixed averaged 3.37% a year ago.
The 15-year fixed rate hit 3.51% with an average 0.6 point, up from 3.43% last week.
http://www.housingwire.com/articles/28357-mortgage-rates-tick-up-slightly
So Why is Your Marketing Failing? | Katonah NY Realtor
Internet marketers everywhere seem to agree that if you don’t have an audience, you don’t have a future. They argue that if you have to pay for traffic to make money, you’re not just being wasteful, you really don’t understand how the social web works, or where marketing is headed in the years going forward.
Well, I’m going to respectfully disagree. If you ask me, if you want your business to have a future, one audience isn’t enough. The truth is, the most resilient businesses are going to need at least two audiences if they hope to make the most of limited resources to succeed. Maybe that is why your marketing is failing.
Let me explain.
Meet your two audiences
You don’t know it yet, but you actually already have two audiences. The problem is, you’re probably alienating at least one of them. Here’s what I’m talking about:
1. Core audience
These are the people who are completely obsessed with the topic in question. The live, eat, and breath the stuff you blog about. In fact, some of these people will know even more about the topic than you do, at least when it comes to certain aspects of it.
2. Mainstream audience
These people have little or no direct interest in your topic, but they might have some tangential interest in it. For the most part, the only thing they want to know is why any of this should matter to them, and if you can’t keep them entertained, they won’t be hanging around for long.
While your business won’t necessarily die without both of these audiences, let’s just say that without some appeal to both of them, your use of resources will be…less than optimal.
Brands that failed to reach both audiences
There’s certainly no shortage of brands or campaigns that failed because they failed to reach both audiences.
Coca Cola
Take the whole New Coke fiasco. Contrary to popular belief, most people actually liked the new flavor better. They succeeded at reaching the mainstream, but they alienated their core audience. This vocal minority destroyed the new brand, and while they may have ironically strengthened the classic brand with the whole experiment, New Coke itself was a disaster.
Digg
The same goes for Digg. Those of you who have been in internet marketing for a while can remember “the Digg effect” and just how powerful it was to have your site make the front page of the social bookmarking site. But Digg lost a huge portion of its audience after a site redesign that was aimed at a more mainstream audience, and eventually lost so much of its traffic that it was sold and replaced.
Boxee
Brands that fail to reach a mainstream audience don’t fare any better. Internet TV startup Boxee was recently sold to Samsung, and is being shut down. Boxee had a strong core following, but it failed to reach the mainstream due to its steep prices, as well as too much focus on tech specs and not enough on the user experience, and an inability to strike up deals with content owners.
When you look at highly successful brands like Apple, PlayStation, or even Star Wars, you’ll find that they have appeal to rabid fanboys and mainstream audiences alike.
Is viral marketing a myth?
There’s a very good reason for this, and it has to do with audience growth. At CrazyEgg, we recently discussed why viral marketing is a myth, and why customer retention is the true barrier to growth. Brands with a growing audience must do two things: they must attract new members and they must keep their old ones.
It’s simple, really.
If you aren’t appealing to a mainstream audience, you aren’t going to get new visits. If you aren’t appealing to your core audience, you’re not going to keep your previous visitors.
Core audience is more important than mainstream
Now, I personally believe that your core audience is more important than the mainstream. Alienate your core audience and you don’t have a brand. Alienate the mainstream and they’ll probably just forget about you, and possibly rediscover you. Since staying in business is always more important than growth, I’ll side with a core following any day.
That said, having both audiences truly is the winning formula, so let’s talk about how to make that work.
Read more at http://www.jeffbullas.com/2013/12/16/so-why-is-your-marketing-failing/#BorvZExjfGV7kFyG.99
Mortgage rates are still so low because it’s a big world, full of surprises | Katonah NY Real Estate
Ideas to Protect Coasts from Storm Surge | Katonah NY Homes
In locations prone to storm surge flooding, zoning and code rules adopted at the state and local level require special measures to make homes safer from damage or destruction in a major storm. But hundreds of thousands of houses, commercial buildings, public structures, and industrial facilities already exist in flood-threatened areas, and fixing one building or facility at a time could take centuries—at a cost that boggles the minds of policy-makers.
So the Federal Government is looking to industry and academia for solutions that might work at a neighborhood scale, or even a regional scale. So far, policymakers are still at the brainstorming stage: This week, Shaun Donovan, U.S. Secretary of Housing and Urban Development, selected 10 project concepts from a candidate pool of 41 proposals submitted by teams of experts. It’s all part of the “Rebuild by Design” competition, launched last June by HUD as an effort of the Hurricane Sandy Task Force.
Reports the Washington Post: “The winning ideas include an array of strategies for making the coastline more resilient in an age of rising seas, including natural breakwaters that could take the punch out of storm surf headed for Staten Island, a ring of water-trapping canals and parks for Hoboken, N.J., and channels in Long Beach, N.Y., that would help drain Long Island’s coastal bays during storms or periods of heavy rain.” (For the full Post item, see: “Federal officials pick 10 ideas for making NY, NJ coastlines more resilient after Sandy,” by Associated Press).
Of course, there’s no guarantee that all of the ideas will ever become reality—or even that any of them will. Some could require billions of dollars in public funding—although other proposals, like the “Big U” concept suggested by Danish architecture firm Bjarke Ingals, might not. The Danes argue that major, big-ticket public works are hard to accomplish and may do more harm than good. Instead, they’re proposing a medley of smaller projects that address flood risks at the neighborhood or street level, which could be constructed independently on different schedules.
http://www.jlconline.com/stormwater-management/ideas-to-protect-coasts-from-storm-surge.aspx
Brokers blanket entire neighborhoods with mass mailings to scare up sellers | Katonah Real Estate
Real estate brokers in the Charlotte, N.C., region are doing mass mailings to entire neighborhoods and even knocking on doors to let homeowners know that if they want to sell, there are plenty of buyers.
The supply of existing homes in the 18-county area fell to 5.3 months in October, down from 6.9 months the same time a year ago and 10.4 months in October 2011, the Charlotte Observer reports.
Many underwater homeowners are waiting for further price gains before putting their homes on the market, Champ Claris of Berkshire HomeServices Carolinas Realty told the paper.
Source: charlotteobserver.com – See more at: http://www.inman.com/wire/brokers-blanketing-entire-neighborhoods-with-mass-mailings-to-scare-up-sellers/#sthash.yxZkAbIg.dpuf
Katonah Real Estate sales up 8% | Median price up 4% | #RobReportBlog
Katonah NY Real Estate Report | RobReportBlog | ||
2013 | 6 months ending 11/8 | 2012 | |
41 | Sales | 38 | up 8% |
$645,000.00 | median sold price | $620,000.00 | up 4% |
$360,000.00 | low sold price | $382,500.00 | |
$5,750,000.00 | high sold price | $1,726,000.00 | |
2537 | average size | 2527 | |
$319.00 | ave. price per foot | $296.00 | |
182 | ave days on market | 169 | |
$863,780.00 | average sold price | $725,184.00 | |
96.56% | ave sold to ask | 96.37% | |
Cuomo: Westchester Would Get $6.8M From Casino Revenue | Katonah NY Real Estate
The passage of Proposal One on Election Day to authorize casino gaming in New York could bring more than $6.8 million in school aid and property tax relief according to a study released by the Governor’s office. ss
Gov. Andrew Cuomo spent the day after voters decided to pass a measure to bring casinos and mobile casinos like www.slotsformoney.com to the state in Bethel touting the potential merits of the plan and the revenue it will bring to the state.
The Governor estimates that the casino will bring more than $51 million in aid to 10 counties in the state and boost tourism, casinos online and gambling games, MST Online is one of them.
“The passage of Proposal One is a big win for local governments, school districts and taxpayers in the Catskills and Hudson Valley region,” Cuomo said in a statement.
One casino that has given a permission to operate online is the 666Casino which is one of the best casinos so far that you can play anywhere with just your phone or tablets. “Yesterday’s vote by New Yorkers to authorize casino gaming will keep hundreds of millions of dollars spent each year in neighboring states right here in New York, providing more revenue for local schools, relief for property taxpayers and countless jobs for New Yorkers, while bringing proper regulation to the industry.”
http://armonk.dailyvoice.com/news/cuomo-westchester-would-get-68m-casino-revenue
How to Make the Most of Your Photos | Katonah NY Real Estate
The 2 million-plus stunning photos featured on Houzz manage to inspire, instruct and encourage all at once. The power of these photos for both professionals and homeowners is undeniable — but do you know how to take full advantage of it?
We spoke with five designers who’ve learned to harness the potential of photos on Houzz. Take a peek at their strategies — including choosing the right photo size, picking keywords and answering questions — to learn about what makes a photo popular and see how you can make the most out of your own photos on Houzz.
Related: How to Find a Designer or Architect Using Photos on Houzz
Houzz always recommends uploading high-resolution photos taken by a professional photographer. Bigger is better: High-resolution photos with a minimum width of 1,000 pixels look best and will likely get many more views. And a professional photographer can make each image light, bright and fresh. (Don’t forget to credit the photographer in your photos.)
Style. Every year Houzz puts together a series of ideabooks that highlight the most popular photos of that year, according to how often they’ve been added to users’ ideabooks. And every year we spot certain consistencies in the most popular images: They’re chock-full of take-home ideas. Tracy Kundell found this to be true for the bathroom photo shown here — one of the most popular on the site, added to more than 255,000 ideabooks. “Almost everyone has a home with a bathtub that can be converted, such as this space,” she says. “More and more people prefer larger showers to shower-tub combinations. This layout is a very common builder layout, too.”
Work with your photographer to highlight your best work in beautiful photos that will show clients what you’ve got. Make sure your identity as a designer is coming through and that each photo doesn’t just look great, but shows potential clients how you can make their style shine through, too.
The more popular a photo becomes on Houzz, the easier it is to find. Houzzers may see it in another Houzzer’s favorite photos, in a featured ideabook or on the Houzz homepage. How is this beneficial to pros? It’s more eyeballs on your work — homeowner eyeballs, to be exact. A great photo on Houzz can directly result in client referrals.
Architect John Mattingly found this to be true for the incredibly popular bedroom shown here, added to more than 200,000 ideabooks. Many designers and homeowners have contacted him about some of the room’s components or the entire project. He’s also sold a few furniture items that he custom designed for this particular home.
When Urrutia’s popular bedroom photo (the second photo above) was added to 180,000 ideabooks (and counting), interest in his business increased. “I’ve heard tons of comments from clients about this photo and this room in particular,” he says.
August Prices Rise to 12.8 Percent Over 2012 | Katonah NY Real Estate
S&P Dow Jones Indices released for its S&P/Case-Shiller1 Home Price Indices showing that the 10-City and 20-City Composites increased 12.8% year-over-year. Compared to July 2013, the annual growth rates accelerated for both Composites and 14 cities.
On a monthly basis, the 10-City and 20-City Composites gained 1.3% in August. Las Vegas led the cities with an increase of 2.9%, its highest since August 2004. Detroit and Los Angeles followed with gains of 2.0%.
In August 2013, the 10- and 20-City Composites posted annual increases of 12.8%.
“The 10-City and 20-City Composites posted a 12.8% annual growth rate,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “Both Composites showed their highest annual increases since February 2006. All 20 cities reported positive year-over-year returns. Thirteen cities posted double-digit annual gains. Las Vegas and California continue to impress with year-over-year increases of over 20%. Denver and Phoenix posted 20 consecutive annual increases; Miami and Minneapolis 19. Despite showing 26 consecutive annual gains, Detroit remains the only city below its January 2000 index level.
“The monthly percentage changes for the 20-City composite show the peak rate of gain in home prices was last April. Since then home prices continued to rise, but at a slower pace each month. This month 16 cities reported smaller gains in August compared to July. Recent increases in mortgage rates and fewer mortgage applications are two factors in these shifts.
“Denver and Dallas again set new highs. All the other cities remain below their peaks. Boston and Charlotte are the two MSAs closest to their peaks with only 8-9% left to go. Las Vegas is still down 47.1% from its peak level.”
As of August 2013, average home prices across the United States are back to their mid-2004 levels. Measured from their June/July 2006 peaks, the peak-to-current decline for both Composites is approximately 20-21%. The recovery from the March 2012 lows is 22.1% and 22.7% for the 10-City and 20-City Composites.
All twenty cities posted monthly gains in August, although most cities showed deceleration compared to July. Las Vegas was at the top of the range at +2.9% and Seattle was at the bottom with a return of +0.5%. Month-over-month, San Francisco has been losing momentum as prices increased 4.9% in April 2013 and 0.9% in August 2013.
http://www.realestateeconomywatch.com/2013/10/august-prices-rise-to-128-percent-over-2012/