Tag Archives: South Salem Homes for Sale

Peter Eisenman’s Experimental ‘House VI’ Listed for $1.4M | South Salem Real Estate

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A rare house by “postfunctionalist” architect Peter Eisenman in the hills of Connecticut has been quietly listed for $1.4M. Despite the name, House VI, this was actually just the second structure built by Eisenman, who, at the time of the 1972 design, had spent much of his career on theory. Perhaps as a result, the construction of the compact house took three years and ran well over budget. In 1987, persistent issues with the structure meant it had to be thoroughly renovated, but the original clients remain satisfied with the result, so much so that they wrote a book in defense of Eisenman’s work. Set on six acres, the controversial house has been listed alongside a repurposed 1880s schoolhouse, now used as a guest cottage, and a lean-to barn

Mortgage modifications up, foreclosure starts down | South Salem Real Estate

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From April through June of this year, an estimated 204,000 homeowners received permanent loan modifications from mortgage servicers. Of those modifications, approximately 160,000 homeowners received proprietary loans modifications and 44,860 homeowners received loan modifications completed under the Home Affordable Modification Program.

“Our mission since 2007 remains the same – to reach out and assist as many homeowners as possible using all of the tools at our disposal. In addition to the progress made via our solution data, HOPE NOW sponsored over 140 face to face events in more than 70 markets nationwide and has been a driving force in bringing together all mortgage stakeholders in the interest of improving the nation’s housing market,” said Eric Selk, executive director of HOPE NOW.

The mortgage industry completed more than 6.52 million total permanent loan modifications for homeowners since 2007. More than 5.31 million of those loans were proprietary programs and 1,223,449 were completed via HAMP.

In the second quarter, approximately 81,000 short sales were recorded, bringing the total to more than 1.32 million since December 2009. When combining both loan modifications and short sales, the total number of permanent, non-foreclosure solutions was more than 7.84 million.

Second quarter numbers were at an estimated 329,000 foreclosure starts, compared to 472,000 during the previous quarter, a drop of more than 30%, and 527,000 in the second quarter of 2012, a decline of 38%.

Interestingly enough, completed foreclosures in the second quarter were approximately 158,000 compared to 162,000 for the first quarter, down 2%. In the second quarter of 2012, foreclosure sales were at 185,000, 15% above current numbers.

Short sale completions in the second quarter were an estimated 81,000 compared to 84,000 in the first quarter, a drop of 3%. Year-over-year, short sale completions were down 25% from 107,000 in the second quarter of 2012.

Month-over-month, foreclosure starts were estimated at 97,000 in June compared to 115,000 in May, down 16%. Foreclosure starts were estimated at 52,000 in June were down 8% from May’s 48,000. On a monthly basis, short sales completed dropped 7% from 28,000 in May to 26,000 in June.

Delinquencies of 60+ days remained unchanged in June at 2.22 million.

HOPE NOW

But numbers don’t tell the whole picture. It’s important to know why foreclosures are on the decline.

Daren Blomquist, vice president of RealtyTrac, believes many markets have finally worked their way through the large batch of bad loans originated during the housing bubble years.

“On top of this, as home prices have now bottomed out in most markets, that is helping to lift all boats and allow some homeowners to avoid foreclosure through refinancing or even the sale of their home,” said Blomquist.

“Lastly, the persistent foreclosure prevention efforts over the past few years have waged a war of attrition on the foreclosure problem, helping to keep a lid on foreclosure activity,” he added.

Blomquist noted that regulations could be playing a key role in keeping foreclosures from going through. “In some cases, state legislation has slowed foreclosure activity quite dramatically — above and beyond the natural slowing of foreclosure activity that was already occurring,” he said.

Blomquist mentioned the example of California, where the Homeowners Bill of Rights that took effect in January, causing a 60% drop in foreclosure starts in a single month. “The still-unanswered question with regulations like this, however, is are they actually preventing foreclosures in the long-term or are they delaying them to next year or beyond?”

But the decline in foreclosures is a positive sign for the housing market. “Rising prices have helped some people regain equity, giving them an escape hatch to avoid foreclosure, and also giving them hope to keep making payments, rather than just walking away via a strategic default,” Blomquist said

 

 

read more…

http://www.housingwire.com/articles/26172-mortgage-modifications-up-foreclosure-starts-down

 

12 Ways to Get More Pinterest Followers | South Salem Realtor

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Are wondering how to get more Pinterest followers?

Are you looking to increase your Pinterest engagement and drive traffic?

In this article, I’ll share 12 tips on how you can get more Pinterest followers and promote your business.

Why More Pinterest Followers?

More Pinterest followers can help you get more likes, repins, comments, clicks and impressions.

This can then help drive traffic, increase sales, generate leads and build your Pinterest brand.

It also provides an opportunity for you to generate more engagement with your customers.

Here are the tips:

#1: Add the Pinterest Follow Button

The Pinterest follow button diverts website visitors to your Pinterest page, thereby attracting followers. This can be effective if you have a high-traffic website.

Install the button in several prominent places on your website and blog—the header, footer, sidebar, etc. Make it easy for people to find your brand page and convert them into followers.

To create your button, use the widget builder page on Pinterest or create a custom button that matches your branding

 

 

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http://www.socialmediaexaminer.com/how-to-get-more-pinterest-followers/

 

Real estate agents get wise to superstitions | South Salem Homes

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Are you superstitious? What about your clients? While it may seem odd, honoring the cultural beliefs and superstitions that others hold not only builds connection, but it can also help you close more deals. A number of years ago I had some affluent clients from Thailand. We found a $1.3 million house in Santa Monica, Calif., that they wanted to purchase. Before writing the offer, however, they wanted their priest to look at the property. The “priest” turned out be a Buddhist monk who spoke no English and was dressed only in a scant orange robe and sandals. When my clients decided they wanted to stop for coffee, I was at a loss about what to do with the priest: Do I stay in the car, go in with my clients to buy coffee, bring him some bottled water or do nothing? I decided to wait in the car.

Needless to say, the whole situation seemed bizarre. When we arrived at the property, the monk walked it completely and then stood across from one of the trees in the front yard. An animated discussion followed in Thai between my clients and the monk. I learned later that the monk had advised them not to buy the property because there was an evil spirit in the tree in the front yard. My first question was how to get rid of the evil spirit. The monk had already advised my clients on that issue: It wasn’t possible. While this story may seem strange, have you ever bumped into any of the following with your clients? 1. In down markets, an agent who buries a statue of St. Joseph in the yard in order to sell the house more quickly?

 

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http://www.inman.com/2013/08/15/real-estate-agents-get-wise-to-superstitions/#sthash.JIAv8gXy.dpuf

South Salem NY Weekly Real Estate Report | South Salem Homes

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South   Salem NY Weekly Real Estate Report8/21/2013
Homes for sale85
Median Ask Price$629,000.00
Low Price$205,000.00
High Price$12,200,000.00
Average Size2863
Average Price/foot$332.00
Average DOM161
Average Ask Price$995,112.00

Are local housing markets recovering too quickly? | South Salem Homes

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While housing bubble concerns are overblown, there are cities where the pace of recovery is perhaps too strong, given current market dynamics, CNBC reports.

The news publication is sounding the alarm on potential bubble territories:

“Nationwide, the housing market is not in a bubble. But there are probably some markets that are at risk for getting into bubble territory if they continue at the pace that they’re going,” said Daren Blomquist, vice president at RealtyTrac.

                    Source: CNBC

How Do Digital Marketers Engage On Twitter? | South Salem Real Estate

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Social media has made it possible for us all to be digital marketers.How do digital marketers engage on Twitter

The reality is that if you are on Facebook, Twitter or Google+ you “are” a digital marketer whether you like it or not. You are publishing  and promoting a brand. It might be brand “you” or it maybe be a  business or organisation you represent.

If you publish you are a digital marketer.

Publishing is now marketing and the mind share that content marketing has  garnered reveals the power of social content and crowd sourced sharing.

Marketing also involves two key activities.

Publishing and promotion

Social media provides the means, the technology and the platforms to do  both.

Don’t underestimate Twitter’s brevity

Twitter’s role in the digital marketing pantheon was often seen as about  breaking news. Used correctly it can accelerate your brand message and content  to a global waiting audience that will pass it on. Don’t underestimate Twitter’s  marketing horsepower because of its 140 character brevity.

It can be a focused marketing platform that drives brand awareness and  content discovery. It is a low friction network that moves multi-media content  in real time….fast.

Some questions

So if you see yourself as a digital marketer then you may be asking some  questions. This will provide you with some ideas on the sources you may need to  be reading to keep up to date. It will also enable some insights into the  sources, apps and people that you may need to follow or check out.

  1. Which social networks are they on?
  2. What apps and platforms do they use to share on Twitter?
  3. What mobile apps do they use for sharing ?
  4. What types of content do they share?
  5. What are the mainstream media sources?
  6. What industry sources are they sharing?
  7. What are the social media media sources are they reading, viewing and  sharing?
  8. Who are the people most retweeted by digital marketers?
  9. Who are the people that are most mentioned?
  10. What are the brands most retweeted?

A recent report on  Leadtail looked at 143,856 tweets and 69,657 shared links to provide a  snapshot of how digital marketers engage on Twitter. It also provided  answers to those 10 questions.

How do digital marketers engage on Twitter?

Here are some insights into Twitter engagement as performed by digital  marketers. It reveals resources, tools and people that you may not have heard of  that you may want to add to your reading, viewing and watch list.

 

Read more at…

 

http://www.jeffbullas.com/2013/08/13/how-do-digital-marketers-engage-on-twitter/#lDMbWKAz2bVfL841.99

Will rates kill the building rebound? | South Salem Real Estate

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McBride & Son had so many people waiting to buy houses in its new subdivision in south St. Louis County that it held a lottery last week to allocate the lots.

“We had 47 people give us checks,” McBride Chief Executive John Eilermann said. The lottery determined the order in which buyers could pick their home sites.

“I’ve been doing this 27 years, and that was the biggest demand I’ve ever seen,” said Eilermann of his new subdivision near Grant’s Farm.

Home building has been rising rapidly in St. Louis — although higher mortgage rates put the future in doubt.

From January through June, home construction permits were running 38 percent ahead of last year on the Missouri side of the area. Permits issued in June were up 66 percent from June 2012.

“The industry is healing. It’s getting better, and we’re putting more people back to work,” said Pat Sullivan, executive vice president of the Home Builders Association of St. Louis and Eastern Missouri.

The association counts the hours that carpenters work building houses in St. Louis. At the current rate, carpenters will work 2.1 million hours this year, up from 1.4 million last year.

But that’s still far below the 4.7 million of 2005, before the housing bust. And it’s below the 5.4 million record set in the late 1980s.

 

 

Will rates kill the building rebound? : Business.

1 in 3 buyers would bid above asking price | South Salem Real Estate

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One in 3 buyers are willing to bid higher than a home’s asking price, according to a survey conducted by Trulia in partnership with Harris Interactive.

That was just one of several other findings of the survey that appear to show that homebuyers are feeling the squeeze of market conditions that are significantly altered from those of a year ago. At the same time, they capture improved sentiment towards the housing market.

Today’s tight home inventory appears to be pushing some buyers to use aggressive tactics to beat out competing buyers, the survey found. In addition to a third of buyers being willing to make above-market offers, 1 in 4 said that they would offer to pay a seller’s closing costs.

“Tight inventory means slim pickings for buyers. Even though inventory is starting to expand, and rising home prices should bring more for-sale homes onto the market, people who actually want to buy within the next year are feeling the pressure of competing buyers and limited inventory,” wrote Trulia Chief Economist Jed Kolko in blog post about the survey.

Also seemingly a symptom of today’s limited housing stock, homebuyers who plan to buy within the next year said that finding a home that they like is their biggest worry.

And highlighting two other defining characteristics of today’s market, consumers who said they might buy someday indicated that their two greatest fears were that mortgage rates and home prices would rise further.

– See more at: http://www.inman.com/2013/07/25/one-in-three-buyers-would-bid-above-asking-price/#sthash.rgSe8GhB.dpuf

 

 

1 in 3 buyers would bid above asking price | Inman News.

So far, it’s a lucky ’13 for rebounding home values | South Salem Real Estate

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The first six months of 2013 brought a remarkably fast recovery to Sacramento’s real estate market.

Figures from DataQuick, a San Diego real estate information firm, show median single-familyhome prices jumping anywhere from 15 percent to 50 percent across much of the four-county Sacramento region.

“I don’t recall anyone predicting prices would rise this much” in so short a time, said DataQuick analyst Andrew LePage.

There were a few exceptions, mainly in the region’s most sought-after residential areas. The college town of Davis, the leafy neighborhoods near downtown Sacramento, and the upscale foothill communities of Granite Bay and El Dorado Hills held their value better in the crash, LePage said. Those areas saw more moderateprice increases during this year’s rebound, he noted.

“The spectacular appreciation tends to be in areas where prices got beaten down the most during the downturn,” LePage said.

Parts of south Sacramento, West Sacramento,Tahoe Park, North Sacramento, North Highlands and Arden Arcade were among the places that saw the biggest leap in prices, with appreciation of about 50 percent over the same period of 2012, according to DataQuick.

The median price is the point at which half of homes sell for more and half sell for less.

Most of the rise in median home prices has been driven by an increase in values, as more buyers compete for a relatively small number of homes for sale, LePage said.

Investors paying cash and snapping up cut-priced homes for rentals spurred the upward price pressure, he said. The realization that the market had hit bottom and turned upward also unleashed a wave of pent-up demand from mid-level and high-end buyers, he added.

Combined with a record-low inventory of homes for sale and record low mortgage rates, it pushed prices skyward.

“In six months people went from thinking prices might fall to thinking they would go up,” LePage said.

Another big factor was a sharp drop in the number of foreclosed homes on the market. There was a huge decrease in foreclosure resales in the first six months of this year compared with the first six months of last year, LePage said.

In Sacramento County, for example, the number of homes on the market that were foreclosures dropped from 41 percent in the first half of 2012 to 16 percent in the first half of this year. El Dorado, Placer and Yolo counties also saw the percentage of foreclosures on the market drop by more than half.

Whether such huge price gains can continue is another question. Rising mortgage rates and rising prices could moderate demand, LePage said.

“It’s easy to imagine a temporary pause where people have to think more carefully because (those factors) are affecting affordability,” he said.

 

Read more here: http://www.sacbee.com/2013/08/04/5620257/so-far-its-a-lucky-13-for-rebounding.html#storylink=cpy

 

 

So far, it’s a lucky ’13 for rebounding home values – Real Estate – The Sacramento Bee.