Cuomo Supports Property Tax Freeze, With Conditions, In State Of State | The Mt. Kisco Daily Voice.
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Four Big Things in Real Estate That WONT Happen in 2014 | Pound Ridge NY Real Estate
If your inbox is like mine, it’s chock full of predictions and forecasts for 2014. If recent history is any guide, a sizable percentage of them won’t come true-perhaps that’s a result of living in extraordinary times. However, here are some things that you can be certain won’t happen again in the year ahead.
1. Inventory shortages like the one last year are history.
Unusually conditions came together last year to create a real estate perfect storm. Millions of potential sellers underwater on their mortgages when the season began. Millions more were in positive territory by prices hadn’t risen enough to generate enough profit to move. Four million houses once owned by families are no longer on the market; they’re now single family rentals. Couple that with a generation of first-time buyers scared stiff by reports of soaring prices and rates and you got a recipe for a real estate pandemonium, which happened in some Northern California markets.
Not a chance of a repeat in 2014. Rising values pushed another 30 percent of homeowners above the surface last year. They are continuing to rise even as inventories are normalizing, though not as quickly. Markets across the nation have returned to better balance between supply and demand.
2. If interest rates dip below 3.5 percent, its time to move to China.
Rates on a 30 year fixed rate mortgage bottomed out a year ago below 3.5 percent and they remained low through the first of this year despite widespread predictions from the Mortgage Bankers Association on up that higher rates were right around the corner. A crappy economy kept folks guessing until June, when the cork popped out of the bottle and rates blew above 4 percent.
With the economy starting to return to life and the Fed talking about tapering, not if but when, it’s pretty obvious that rates aren’t going back and the 3 percent days are a thing of the past, unless we hit a depression. The question to ask today is not if rates will rise, but how far and how fast.
3. Discounted deals on distressed sales are a thing of the past in the sand states, except for Florida.
The guys who hang out at auctions in Phoenix and Vegas long ago said goodbye to the big discounts on forecloses that made rehabbing and flipping almost a no brainer. The hedge funds got the blame but the real culprit was tight lender standards. No more toxic loans, no more toxic foreclosures. In 2014, however, it will still be possible to do some flipping in places like Jersey City, Albany, Columbus O, and Baltimore where judicial state laws extend the foreclosure pain on homeowners and lenders alike. As for Florida, please email me if you understand the Florida foreclosure picture. I think only Jack McCabe can explain it to the rest of the nation.
http://www.realestateeconomywatch.com/2013/12/four-big-things-in-real-estate-that-wont-happen-in-2014/
Housing market shifts back to metro Phoenix’s core | Pound Ridge Real Estate
Stop throwing away awesome prospects and start nurturing them | Pound Ridge Realtor
Let’s start this out with a single truth: A lead is the name and contact information for someone who is potentially a future client. That’s it. It’s not something fancy. There are no semantics (although lots of “experts” will make you think so). If you have a single way to contact that person, then that is a lead. Some “gurus” define leads as having a full name, a phone number (at minimum), and have expressed interest in your services. Sorry, that’s wrong. Especially with the advent of the Internet. A lead is sometimes even JUST an email address. No name. No phone number. Sometimes it’s even Mickey Mouse or Arnold Schwarzenegger (you know, those fake-name sign-ins who give you a real email address). Now, don’t get me wrong, you definitely want to move the lead along, get them to become a prospect, then a client, then a closed client. That’s typical. But don’t make the mistake of thinking a lead is “dead end” or not viable because you have only an email address. All leads that have a legitimate way to contact them are viable. Every. Single. One. Even the ones that are only an email address. Even the ones that say “no.” –
Maintain market relevance by writing ‘timeless,’ hyperlocal posts | Pound Ridge NY Realtor
We all know that having posts that are timeless is important. You know the ones that people will find year after year and are still relevant, regardless of the topic.
You do know that, right? Well, now you do, if you didn’t already.
There are a number of reasons for doing timeless posts. Here are a few:
- They are relevant and informative for years if written appropriately.
- They continue to get views over the years and potentially drive more traffic to your website.
- They show you are a knowledgeable real estate professional in the area and on that topic.
- You can use them in lots of ways.
Timeless posts can be about a variety of topics: the larger community (Carlsbad); neighborhoods (La Costa); subdivisions or master-planned communities (Bressi Ranch); condo communities (Sanderling); and community amenities including parks, tourist attractions and recreation, and to some extent shopping and dining. Those places do go out of business on occasion, so they may not truly be timeless.
Community and similar localism posts tend to get a lot of traffic. I have a bunch with more than 15,000 clicks since they were first written
– See more at: http://www.inman.com/next/maintain-market-relevance-by-writing-timeless-hyperlocal-posts/?utm_source=20131213&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.BdrHAetU.dpuf
California Contemporary in Beverly Hills Asks $5.25M | Pound Ridge Homes
Gray Day: Greenwich Remains Under Dense Fog Advisory | Pound Ridge Homes
Fog was continuing to create hazardous travel conditions Thursday morning as a Dense Fog Advisory was in place until noon, the National Weather Service said.
The warning is in effect in all of southern Connecticut, the lower Hudson Valley, northeast New Jersey and on Long Island, creating dreary, gray conditions.
Dense fog can create a visibility of a quarter mile or less. The warning is through noon but the fog may continue into the afternoon and evening, especially along the coast, the National Weather Service said.
High temperatures Thursday will reach the mid-50s, but showers are expected to move in by afternoon or the evening, the weather service said. Rain is likely overnight with more fog.
The reduced visibility can create hazards for on the road. Drivers should slow down, use low beam headlights and leave plenty of distance ahead in case a sudden stop is needed.
http://greenwich.dailyvoice.com/news/fairfield-county-remains-under-dense-fog-advisory