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Ultra-Mod Robert Gurney Renovation in DC Asks $2.75M – House of the Day | North Salem Real Estate
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Make popular social media site a relationship machine | North Salem NY Real Estate
I need about 3,000 words to thoroughly cover this topic, but the nice people at Inman Next aren’t down with that, so I’ll be efficient. Which is exactly what real estate professionals should be with Facebook. Be efficient and effective.
Many people I talk to in the real estate industry feel far too much time is wasted on social networks, especially Facebook. I agree. That’s why for the last few years I have focused my efforts on helping agents be strategic with Facebook. With a couple tweaks, Facebook can be a relationship machine.
Are relationships important in real estate? I’ve posed this question to hundreds of real estate professionals and the answer is always “yes.”
The tweaks are not on a Facebook business page. They have value for many businesses and industries, but, in my opinion, real estate is not one of those industries. Gaining “likes” and traction is labor-intensive; there is little to zero engagement; and people do not go to Facebook to search for homes.
For most agents, their Facebook profile is where relationships can be built and maintained. We have become a nation of “oversharers,” and while that can be annoying to many people, it is great news to real estate professionals.
Wouldn’t it be great if agents could customize the Facebook news feed so it showed updates from only their best clients? Then it would be simple to engage the most important people, especially if they like to overshare. Wouldn’t this help maintain and build on these relationships? Wouldn’t this make Facebook more effective?
– See more at: http://www.inman.com/next/custom-friend-lists-make-facebook-a-relationship-machine/?utm_source=20140115&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.5wvMXleq.dpuf
Wells Fargo gives 3 predictions for the mortgage bond market | North Salem NY Real Estate
What does Mel Watt mean for housing finance in 2014? | North Salem NY Homes
Mel Watt (D-NC) is set to take the helm as the next official director at the Federal Housing Finance Administration — and we know there are no shortages of industry opinions out there about what a Democratic-led FHFA may decide to do (or not do) with the reins of the GSEs in their hands.
So, we want to hear from you: what does a Mel Watt-led FHFA mean for U.S. housing finance, in 2014 and beyond?
The best answers will be selected by our team of editors to appear in the February 2014 issue of HW Magazine, in our monthly “Sounding Board” department.
Those selected to appear will also receive a complimentary digital reprint of their contribution ($350 value), highlighting their opinion. It’s our way of saying thank you for telling us what you think.
So, if you’ve got an opinion, speak up! What does Mel Watt mean for housing finance, this year and in the future?
http://www.housingwire.com/blogs/1-rewired/post/28460-what-does-mel-watt-mean-for-housing-finance-in-2014
Security measures that burglars loathe | North Salem NY Homes
Every December, we look back at our most popular stories of the year. We’ve had some terrific inspirational ones recently, like the amazing artist who hand-carves soaring, swirling caves where none existed before; and the architect who, hit by foreclosure, built a tiny house for $11,000; and the young artists who quit jobs to build glass cabin in the woods. But some of our biggest hits offer practical advice, like this story we published in May. We think its lessons are particularly relevant during the holiday season, when so many shiny new temptations are around for the criminal-minded. ]
If you think you’re not at risk of being a victim of burglary, think again. If there’s an opportunity to invade your home, no matter who you are or where you live, burglars will take the chance.
“Burglaries are considered ‘crimes of opportunity’ because the criminal is looking for the easy way to get into your home – the unlocked door, open garage door or open window,” says Charlene Miller, Crime Prevention Neighborhood Watch director at the Boise Police Department.
Fortunately, “There are practical security measures you can take to make it so difficult for burglars that they’ll go somewhere else,” Miller adds.
Want to learn what these measures are? Here are nine things you can do to make burglars think twice before trying to enter your home.
#1 – Secured Doors and Windows
In approximately one-third of home burglaries the burglar comes in through an unlocked door or window, according to the “Burglary of Single Family Houses”guide, published by the U.S. Department of Justice’s Office of Community Oriented Policing Services (COPS). Getting invisi-gard doors will help keep burglars out.
“The first line of defense in your home’s security is having solid core security gates and exterior doors with high quality grade 1 or 2 deadbolt locks,” Miller states. “French doors can be secured with a quality deadbolt lock and a slide bolt penetrating the upper or lower doorframe.”
http://homes.yahoo.com/news/protect-home-from-burglars-005405786.html
US loan delinquency rate edges up 2.63% | North Salem NY Homes
The U.S. loan delinquency rate edged up a bit in November, but has been on the decline for most of the year, with delinquencies down more than 10% year-to-date, Lender Processing Services (LPS) said.
Foreclosure inventory also fell, edging down another couple of points to 2.5% in November and 29% year-over-year, LPS noted Monday morning.
The overall U.S. foreclosure inventory now stands at 1.256 million loans in foreclosure, according to LPS’s First Look Mortgage Monitor Report.
The total U.S. loan delinquency rate is hovering at 6.45% — including all loans 30 or more days past due or not in foreclosure.
The delinquency rate year-over-year fell 9.41%, while the month-over-month change in the foreclosure presale inventory rate fell 1.72% while the year-over-year rate declined 28.81%.
States with the highest percentage of non-current loans included Mississippi, New Jersey, Florida, New York and Louisiana.
http://www.housingwire.com/articles/28385-lps-us-loan-delinquency-rate-edges-up-263
US homebuilder confidence surges in December | North Salem NY Real Estate
The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday climbed to 58. That was up from 54 in November and matched an eight-year high reached in August. Readings above 50 indicate that more builders view sales conditions as good than poor.
In addition, builders’ view of current sales conditions jumped this month to the highest level in eight years. And their outlook for sales heading into next year’s spring home-selling season also improved.
The index has stayed above 50 now for seven straight months after being below that level since May 2006. This month’s reading is 11 points higher than a year ago. It reflects a U.S. housing market fueled by steady job growth and still-low mortgage rates.
The latest index suggests that builders remain optimistic that the housing recovery will endure even though mortgage rates have risen in recent months.
“The recent spike in mortgage interest rates has not deterred consumers as rates are still near historically low levels,” said David Crowe, the NAHB’s chief economist. “We continue to look for a gradual improvement in the housing recovery in the year ahead.”
Mortgage rates peaked at 4.6 percent in August and have stabilized since September, when the Federal Reserve surprised markets by taking no action on starting to reduce its bond purchases. Its bond purchases are intended to keep long-term interest rates low, including mortgage rates.
http://news.yahoo.com/us-homebuilder-confidence-surges-december-150049424–finance.html
More shakeups at StreetEasy as public face Sofia Song departs | North Salem NY Real Estate
Major shifts continue at StreetEasy since the company was acquired by listings giant Zillow. On Friday, the company’s longtime head of research and communications, Sofia Song, left the firm.
She is the third high-level executive to be pushed aside or leave in the four months since Zillow paid $50 million for the city’s leading residential listings website.
Before Song, the real estate community was shocked when Michael Smith, company co-founder and CEO, was replaced in September with Susan Daimler, the general manager of Zillow New York, which includes StreetEasy; and around the same time Robin Allstadt, company chief operating officer, departed the firm. In addition, Zillow shuttered StreetEasy’s expansion websites in South Florida, Washington, D.C. and Philadelphia.
It was not clear where Song would end up. She did not respond to a request for comment. Two sources close to Song said she was not immediately joining another company.
Song was a popular voice for the firm, and for many in the public relations, journalism and real estate industries, she was the public face of the company. She joined StreetEasy in 2007.
“Sofia was on the front line of StreetEasy’s efforts to win over the [New York City] real estate market,” Jonathan Miller, CEO of appraisal and analysis firm Miller Samuel, said. “She was a data maven. I’ve long appreciated her efforts and her expertise will be missed, and she will be successful wherever she ends up.”
While Zillow has executed successful acquisitions in the past, the changeover period is often rocky, as with any merger, Miller said.
“When a big firm — Zillow — takes over a little firm — StreetEasy — the highest brand risk is the transition period they are going through right now,” he said.
Last week, Song notified reporters through emails and conversations at the firm’s holiday party Dec. 11 at Umami Burger in the West Village that Lauren Riefflin would replace her in public relations matters, but did not divulge that she intended to leave the company.
A spokesperson for Zillow said the firm does not comment on employee matters, but added, “Sofia’s contributions to StreetEasy over the past six years have been instrumental in building the company into the real estate powerhouse that it is today. We wish her all the best.”
All eyes are now on the developers behind StreetEasy, insiders said, as programmers are in high demand in New York City.
On the House: Some analysts fear housing is losing steam | North Salem Real Estate
North Salem sales up 40% | Median price up 12% | #RobReportBlog
| North Salem NY Real Estate Report | RobReportBlog | ||
| 2013 | 6 months ending 11/25 | 2012 | |
| 28 | Sales | 20 | up 40% |
| $601,250.00 | median sold price | $537,000.00 | up 12% |
| $200,000.00 | low sold price | $330,000.00 | |
| $14,902,000.00 | high sold price | $1,662,500.00 | |
| 3539 | average size | 3106 | |
| $263.00 | ave. price per foot | $218.00 | |
| 207 | ave days on market | 248 | |
| $1,179,571.00 | average sold price | $696,320.00 | |
| 96.03% | ave sold to ask | 94.29% | |