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Obama Warns Republicans on Debt Limit | Pound Ridge Realtor
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Pound Ridge Homes | Fannie and Freddie have a Florida Problem
Despite falling delinquency rates among lenders as a whole, delinquencies increased for Fannie Mae and Freddie Mac borrowers, especially in Florida. Coincidentally, CoreLogic announced today Florida leads the nation in the size of its foreclosure inventory.
The Federal Housing Finance Administration reported today that the percentage of loans held by Fannie and Freddie missing one or two monthly payments increased in the third quarter and a substantial number of the GSEs’ delinquent borrowers have missed more than one year of mortgage payments. Some 2.08 percent of Fannie and Freddie’s total borrowers were 30-59 days delinquent at the end of the third quarter, compared to 1.99 percent at the end of the second quarter.
Some 3.39 percent of Fannie and Freddie borrowers are seriously delinquent. Approximately 29 percent of borrowers delinquent a year or more are located in Florida.
In fairness, the GSEs are not only lenders to have problems with Florida, which is leading every list for delinquencies and foreclosures. CoreLogic announced today that at the end of November Florida leads the nation among states with the highest foreclosure inventory as a percentage of all mortgaged homes: Florida (10.4 percent), New Jersey (7.3 percent), New York (5.1 percent), Nevada (4.7 percent) and Illinois (4.7 percent).
At the end of the third quarter, the same time period reported by FHFA, all lenders reported a sudden and surprising upswing in delinquencies. :Lender Processing Services’ September Mortgage Monitor reported delinquencies were up 7.7 percent from August, representing the largest monthly increase since 2008.
“September’s increase in the delinquency rate was indeed significant, but the overall trend is still one of improvement,” Blecher said. “Despite the monthly jump, delinquencies are down 30 percent from their January 2010 peak, and our analysis revealed some interesting factors related to the spike. Of course, one month’s data does not indicate a trend. We will be monitoring these factors over the coming months to see how the situation develops.”
Guess where delinquencies were highest? Florida led the nation with 12.7 percent of its mortgages in foreclosure and 20.8 percent-one in five-of its mortgages is delinquent.
5 Basics of a Successful Internet Marketing Strategy | Pound Ridge NY Realtor
Internet marketing is not merely about using platforms offered by the digital marketing space to augment traffic, sales and revenue to the site, successful internet marketing needs to have its own strategy. This strategy has to be well thought of and planned. It cannot be made misusing aspects of cost, time and efforts. Everything needs to be accounted for in order to make internet marketing operate at optimal levels for you. Of course it is easy to use and quite affordable in nature providing results at the rate of 75%-80% but using strategies can take the success rate as high as 90% to 100%. Here are 5 Basics of a Successful Internet Marketing Strategy.
Website traffic
If you strategy is to direct more customers to the website to increase sales and thus revenue then what you need to invest in is effective direction of internet traffic to your home website. This could be done by promoting your website on different popular ranked websites where the traffic is already high enough. You chances of getting more hits from such websites are almost double than from any other portal. You can indulge in web development and web promotion practices offered by professional web development firms.
Ranking
Another way to get the same results as mentioned in the above point is by using paid methods to obtain ranking for your home website. For this you will have to use effective and highly successful Search Engine optimization techniques that will push your site to receive a higher ranking. Google and most other search engines offer premium paid ad slots for better internet marketing.
Professional Help
When it comes to your business you do wish to leave no stone unturned. If yes, then you should definitely invest in a profession intern marketing coach who will make you target your own target. Professional help works as the best strategy because professional know each strategy as well as their output in real terms.
Interaction
Interaction in business is a bare essential tool for effective market penetration. Internet marketing is actually a type of communication. Here you can invest in the press releases, blogs, articles, SEO content etc. that can increase click and hit to your websites by readership and other interesting content. Internet marketing if researched shows a great many different routes one can take for operative marketing through the same route.
Email marketing
Email marketing is a great way to be present and increase visibility. Your website products or service can be effectively targeted by narrowing down to a list of the targeted population who can mailed in time or on regular basis, be it , daily, weekly or monthly. Yes, the problem is that it can go in as spam mail but there are methods that an internet marketing coach can help you out with that avoid your email marketing to be registered as spam.
As far as internet marketing goes the best stuff to mail includes, the discount offers and sales ads that attract more attention and avoid deletion before mail viewing. Use it effectively, to get the best results.
Pound Ridge NY Homes | The next ‘fiscal cliff’ fight has officially begun
In the next stage of the “fiscal cliff” fight — news outlets are already calling it the “debt ceiling fight,” though the White House would probably prefer to think of it as a sequester fight — the debate will essentially boil down to two questions: What kind of entitlement and spending cuts will Republicans be demanding? And will Democrats manage to get revenue on the table? On the Sunday morning shows, leaders from both parties laid down their opening positions.
The challenge for the Democrats will be to make the case that changes to the tax code shouldn’t stop with the George W. Bush tax cuts, which they’ve so monolithically focused on in the lead-up to Dec. 31. On Sunday, CNN’s Candy Crowley challenged Sen. Dick Durbin (D-Ill.) to answer whether he thought “that taxes have been raised enough on the wealthy.” Durbin’s response was revealing: Rather than focus directly on the tax treatment of the wealthiest, he framed the need for more tax revenue in terms of broader “tax reform” to get rid of loopholes and deductions, eluding to the need to eliminate tax breaks for the “1 percent”:
I can tell you that there are still deductions, credits, special treatments under the tax code which ought to be looked at very carefully. We forgo about $1.2 trillion a year in the tax code, money that otherwise would go to the government, and when you look closely, some of those things are near and dear to us individually and to the economy — the mortgage interest deduction, charitable deductions, deductions for state and local taxes, but beyond that, trust me, there are plenty of things within that tax code, these loopholes where people can park their money in some island offshore and not pay taxes, these are things that need to be closed. We can do that and use the money to reduce the deficit.
Durbin, in essence, outlined the Democratic strategy for the next round of the “fiscal cliff” debate: Find revenue to offset the sequester by promising to get rid of “loopholes” in the tax code, framed as common-sense tax reform. (Tax policy experts Len Burman and Joel Slemrod have some ideas about where to start.)
The recent outcry over the corporate tax giveaways in the recent “fiscal cliff” deal could help them make the case for finding more revenue, as Durbin suggested (though the White House’s promise for revenue-neutral corporate reform could complicate matters). “Max Baucus has been the first to say we need to sit down and look at these,” he said. “And who knows who represents the algae lobby on Capitol Hill, but they must have been very happy with the outcome.”
However, Republicans have made their opening position as clear as well: They believe the debate over tax revenue has been closed altogether. “The tax issue is behind us. Now, the question is what are we going to do about the real problem. … Now it’s time to pivot and turn to the real issue, which is our spending addiction,” Senate Minority Leader Mitch McConnell told ABC News’s George Stephanopoulos.
How to Be a Spammer in 20 Simple Steps | Pound Ridge NY Real Estate
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Pound Ridge 2012 Sales Up 25% | Median Price Down 9.54% | RobReportBlog
Pound Ridge 2012 Sales Up 25% | Median Price Down 9.54% | RobReportBlog
Pound Ridge NY Sales 2012 2011 64 Sales 51 25.49% UP $698,750.00 Median Price $772,500.00 9.54% DOWN $355,000.00 Low Price $330,000.00 $2,872,500.00 High Price $400,000.00 3363 Ave. Size 3847 $262.00 Ave. Price/foot $257.00 201 Ave. DOM 188 93..10% Ave. Sold/Ask 0.9234 $892,754.00 Ave. Sold Price $1,056,793.00
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Fiscal cliff compromise leaves few satisfied | Pound Ridge Real Estate
President Obama praised lawmakers and Vice President Joe Biden after the House of Representatives voted to pass a Senate measure to avert the most serious impacts of the so-called “fiscal cliff.”
By Daniel Strieff, NBC NewsThe last-minute deal-making on Capitol Hill may have helped avert the fiscal cliff for now, but many commentators expressed pessimism over the agreement and the distressing sight of lawmakers allowing the world’s largest economy to teeter near economic disaster.
“This is a bad bill that made a bad situation worse,” Richard Haas, the president of the Council on Foreign Relations, said Wednesday on MSNBC’s Morning Joe.
“The only thing it did was avoiding sending the signal (to the rest of the world) that we’re reckless and out of control,” he added.
Consumers, businesses and financial markets have been rattled by the months of budget brinkmanship. The crisis ended when dozens of Republicans in the House of Representatives buckled and backed tax hikes approved by the Democratic-controlled Senate.
But even with the agreement, more budget drama is expected on the way. In February, Congress will have to decide what to do about a slew of other spending cuts. Then, in March, lawmakers will decide on whether to increase the federal borrowing limit.
“We could see an early lift in the markets because of relief the deal went through,” Gary Thayer, the chief macro strategist at Wells Fargo Advisors, told The New York Times. “The response may be muted because the deal left out many long-term issues.”
‘A missed opportunity’
Erskine Bowles and Alan Simpson, who headed a deficit commission for Obama, said lawmakers missed a “magic moment to do something big” for the American economy.“The deal approved today is truly a missed opportunity to do something big to reduce our long term fiscal problems, but it is a small step forward in our efforts to reduce the federal deficit,” they said in a joint statement released Tuesday.
In a scathing editorial, the Wall Street Journal called for the parties to go their own ways in Congress and tried to rally Republicans against Obama.
“Having been cornered into letting Democrats carry this special-interest slag heap through the House, Speaker John Boehner should from now on cease all backdoor negotiations and pursue regular legislative order. House Republicans should pursue their own agenda and let Mr. Obama and Senate Democrats pursue theirs. Mr. Obama has his tax triumph. Let it be his last,” it wrote on the editorial page.
Economists had been warning that the tax increases and spending cuts could take a chunk out of the U.S. economy.
But early Wednesday, world markets registered relief over the deal.
Benchmarks in Australia and Hong Kong boomeranged on the first trading day of the year. Asian markets had slipped on Monday, fearing that negotiations over the measure might collapse.
Many analysts were gloomy about long-term prospects.
“The process was so chaotic and the outcome so unsatisfactory that we are likely to see a further U.S. downgrade at some point,” Steven Englander, fixed-income strategist at Citi, wrote in a research note.
The House voted Monday to approve the Senate’s fiscal cliff bill by a vote of 257-167. Richard Lui, Luke Russert and Mike Viqueira report on MSNBC.
But China’s state news agency Xinhua took a more severe view, warning the United States must get to grips with a budget deficit that threatened not a “fiscal cliff” but a “fiscal abyss.” Most of China’s $3.3 trillion foreign exchange reserves are held in dollars.
For the Washington Post, the entire episode was depressing.
The newspaper expressed discouragement for what the episode suggests for political compromise going forward.
“The United States will have to wait longer yet for its inevitable budget reckoning,” it wrote in an editorial.
“We hope the nation’s leaders will be able to accomplish in stages what they have been unable to do in a series of self-imposed crises: raise more revenue and significantly reduce future entitlement spending. But the fiscal cliff episode offers little encouragement,” the newspaper concluded.
East Coast building permit issuance falls | Pound Ridge Homes
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Is lease binding if signed by owner’s parents? | Pound Ridge Real Estate
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China home price rises quicken, uptrend takes hold | Pound Ridge NY Real Estate news
A recent uptick in land costs – typically a prelude to home price rises – have changed market sentiment and pushed would-be home buyers back to the market in a bid to beat increases.
China’s top state think tank warned last week that China should enforce new property controls next year to curb speculation and prevent an expected modest recovery in house prices from turning into a steep rebound.
The view was echoed by analysts.
“The Chinese government would like to keep the stability of the real estate market. If home prices and sales rebound too quickly next year, the government might unveil fresh tightening policies, including expanding property tax beyond Shanghai and Chongqing,” said Liu Yuan, a head of research at property consultancy Centaline.
Rocketing property prices were a major consequence of China’s last economic stimulus effort, the 4 trillion yuan ($635 billion) package launched in 2008 at the depths of the global financial crisis.
Compared with a year ago, however, home prices are still falling nationwide. The 0.7 percent drop in November was the ninth such decline but easing from a year-on-year fall of 1.1 percent in October, according to Reuters calculations.
Reuters started its weighted China home price index in January 2011 when the NBS stopped providing nationwide data. The NBS now only publishes price changes for each of the 70 major cities.
(Reporting by Xiaoyi Shao and Nick Edwards; Editing by Jacqueline Wong)