Tag Archives: South Salem NY Realtor

4 ways we treat our homes like family | South Salem NY Real Estate

 

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If you know me (even on Facebook), then you know much about the antics of my little pug mix “children,” Aiko and Sumiko. Though I try to manage myself and post only one out of every 100 pics I take of them, what does make it to my social media channels tends to be the top 1 percent of their funniest, most humanlike follies, like Aiko’s meditation poses and Sumiko’s disdain for me taking pictures of Aiko’s meditation poses.

In fact, I felt validated when, last time I posted a pic, a friend mentioned how humanlike one of my dog’s facial expressions was. Can you say “preaching to the choir”?

This (mostly) harmless habit we have of attributing human qualities to animals is something word buffs and Jeopardy fans know is called “anthropomorphism.” And the reality is that we do this with loads of other nonhuman things and even inanimate objects, including our homes.

In fact, I’d go so far as to say that homeowners who treat their homes almost like they’re human are some of the best homeowners around. Here are a just a few of the ways I’ve seen that great homeowners anthropomorphize their homes:

1. We name them. Some homeowners or builders actually name their homes human names, in the same way B.B. King named his legendary guitar “Lucille.” It’s quite common for homes to be assigned the family’s actual surname, creating even closer ties between the family’s identity and the home that serves as the site for their precious moments over the years, decades or even generations. Think: Spelling Manor or many of Frank Lloyd Wright’s famous designs.

Other homes are given names quite literally descriptive of the property itself or its surroundings, like the infamous Grey Gardens mansion in the Hamptons (where the true story depicted in the popular HBO film took place), Donald Trump’s Mar-a-Lago or Le Beau Château, the 22-room Connecticut manor that was owned but never even visited, much less occupied, by reclusive billionairess Huguette Clark in the five decades she owned the property before she passed away.

(Le Beau Château can be yours, by the by, for just a smidge under $16 million.)

And it’s not only the wealthy and famous who name their homes. In my family, we tend to reference our homes in conversation by their street names, and I have friends and clients that name their homes from a variety of angles, calling their places “The Barn,” “The Country House,” “Casa de (family surname)” and even “The Ponderosa.”

2. We listen to them. In a healthy human relationship, we listen to the folks we care about, sometimes intently, to keep things functional and address issues before they spiral beyond repair. Same goes with a health-conscious homeowner and his relationship with his property: We listen for creaks, groans, drips, squeaks, moans, squeals and all manner of other ways our homes speak to us, “vocalizing” what’s happening in their inner works and often dropping clues to needed repairs and upgrades long before things actually stop working.

3. We expect them to behave age-appropriately — and worry when they don’t. We expect children to beg for checkout-counter candy, teens to wear weird things and borrow our cars, adults to be self-sufficient, and our elderly relations to have the occasional health issue.

And along the human life cycle, we expect people to outgrow things, wear things out and even need different sorts of equipment at various phases. In fact, the need for a first work wardrobe, a first home, a first pair of reading glasses or even, later, a first set of hearing aids is something we see as a signal that the people in our lives are entering new stages of life and facing the new challenges each stage brings.

We look at our homes the same way. New homeowners expect to have little or no repair issues for years, while some people buying and living in older homes actually go so far as to track the age and health of various systems in the home, from the foundation to the furnace, and use that information to create a maintenance and replacement calendar for the entire property.

This expectation that homes will act age-appropriately also leads to outrage when they don’t — and is a huge part of the reason it behooves homebuyers to obtain inspections, so the inspector can brief them on how old everything in the house is, how functional things are (or not), and what, if anything, will need to be done to maintain functional systems in the short and long term.

4. We feed them. Anyone who says homes don’t require feeding has simply never been responsible for one. We feed our homes with water, gas, electricity and the cold hard cash that pays the mortgage and property taxes on a monthly basis. Add to that the intensive ongoing care that we invest into our homes, from routine cleaning to major design and remodeling initiatives, and it’s no wonder that many of us actually “feed” our homes more and better than we feed our human families!

Question: Do you treat your home as a person? How?

 

                                                   

 

Current Confidence Index for Single-Family Homes Steady | South Salem NY Real Estate

The majority of REALTORS® continued to report rising home prices and improving days on the market.  However, REALTORS®   reported that  the market remains hampered by a “demanding and rigid loan qualification process”  that  has made mortgage underwriting  “a nightmare”  and “the toughest hurdle.” This has led to cash  buyers and investors easing out  first time buyers using mortgage financing.   Low inventory  persists and REALTORS® have reported homes selling above the list price.  Policy uncertainty on a variety of economic and and tax issues, mainly due to the tepid job growth and  measures to avert the the fiscal cliff  — continues to dampen  the market. Hurricane Sandy also caused a temporary market slowdown in the affected areas, although a recovery is anticipated in the coming months.

What Does This Mean for REALTORS®?

Concerns over the residential home sale market are probably reflective of  current economic uncertainties.  In fact, the home sales markets have been recovering in price and sales in many areas, and mortgage rates are low—although finding a mortgage may take a number of applications.  REALTOR® confidence is well above its level two years ago, and prices and sales are slowly increasing.  Assuming that the economy continues  and that the fiscal cliff issue is addressed — which is the assumption of most economists  —  one would expect a continued expansion of home sales.

Pragmatism may kill massive foreclosure review process | South Salem Real Estate

It seems regulators and policymakers who want banks to pay for the foreclosure crisis just can’t make up their minds as to how they plan to do so.

Now we know that federal regulators are possibly scrapping plans to review thousands of foreclosure cases for errors and instead focusing on another $10 billion settlement with the big banks that will in turn create funds for hurt homeowners. (News of the pending settlement, the second involving so-called ‘robo-signing’ abuses, originally broke in The New York Times over the weekend.)

So what is the reason for this game-changing plan?

As the Wall Street Journal uncomfortably points out, the foreclosure review process is “too expensive” and “not delivering enough assistance.” And, apparently, both financial firms and their regulators reached this conclusion after sifting through an initial set of reviews.

As to why there may have been a push for a new settlement instead of more reviews, Edward Kramer, EVP of regulatory affairs at Wolters Kluwer, suggested it may simply be a lean towards what’s more pragmatic.

“As far as the review, the review is supposed to cost so much per loan,” he said. “You look at how many loans you have to do, how long it is going to take, and the OCC and other regulators are not happy with the results of the reviews.”

From a financial standpoint, Kramer says it’s likely the parties eventually concluded it would be better to obtain another $10 billion in settlement funds to assist homeowners rather than “paying all of these people to review the loans.”

He added, “Maybe the decision was made that [a settlement] is a more equitable way to accomplish this.”

Either way, the quick-changing regulatory landscape is enough to give a person whiplash.

3 Key Google Analytics for a Successful Blog in 2013 | South Salem NY Homes

When I set business goals, I always try and make them data-based. I believe I have pretty good instincts, but I trust data. Numbers give me direct feedback on the effectiveness of my tactics.  So, when it comes to my blog, one of the places I look for feedback is Google Analytics.  There is a wealth of information there, so I am looking for specific analytics that match my goals. Here are three key stats I am following.

1. Traffic Source: Referral Trafpic of 2013fic

Bloggers want to be read, want to be seen, and want to drive people to their website. For those of us whose websites showcase our blogs, getting more people to the website is key. Even though guest posting and syndication are great exposure, they don’t necessarily get people to my website.  Succinct calls to actions in a guest blog post (link to another related article on your website) can help, but nothing beats direct traffic.

Where is my traffic coming from? For me, it’s Twitter first at 42 percent, and then it drops off drastically to a number of sources under ten percent with LinkedIn high on the list and Google lower. So, I continue to strengthen my Twitter presence. One way is leaving my Twitter footprint on the web wherever I go, like commenting on other blog pieces using my Twitter login. Also, I will be using LinkedIn and Google+ more this year to promote my blog. But that low Google referral number is troubling to me, which leads to my second stat.

2. Keywords

I admit that I have neglected keywords in the past—mostly due to a misunderstanding of how they are used. Last summer I hired a web developer to redesign my website and part of the redesign was an in-depth lesson in SEO. Now, I have five checkpoints for every blog piece that help insure that I am taking full advantage of good search practices. The developer installed a handy application on my WordPress dashboard called Yoast that helps me “check off” SEO priorities before I post. The biggest change: blog titles. I paid absolutely zero attention the SEO value of blog titles in the past—now I know better.

3. Page Goals

This is my project for early 2013. My blog doubles as my website. In order to get people past the initial blog entry to my business pages, I am devising strategies to get more visitors to click through to a business page.  One way to help measure their effectiveness and then tweak the strategies is to set up custom page goals.  Also, page goals will help me measure landing page effectiveness like free download offers, referral traffic from LinkedIn offers, and newsletter sign-ups.  This is new terrain for me, but I need to be more strategic in measuring returns on my efforts.

What analytics do you use to measure success on your blog or website? I’m interested in getting your ideas and input in the comments.

Strong sales and tight inventory boost home prices | South Salem Real Estate

A combination of rising sales and the lowest inventory in six years helped existing-home prices post annual gains for the eighth month in a row in October, the National Association of Realtors said today.

Sales of existing homes were up 2.1 percent from September to October and 10.9 percent from a year ago, to a seasonally adjusted annual rate of 4.79 million.

At $187,600, the national median price for all housing types including single-family homes, townhomes, condominiums and co-ops was up 11.1 percent from a year ago. The national median price last posted eight consecutive months of annual gains before the crash — from October 2005 to May 2006.

Also released today, a survey by the National Association of Home Builders showed builder confidence rose in November for the seventh month in a row to its highest point since May, 2006.

Rising home prices are boosting home equity, and NAR Chief Economist Lawrence Yun thinks the improvement could be even greater next year.

“Rising home prices have already resulted in a $760 billion growth in home equity during the past year,” Yun said in a statement. “Given that each percentage point of price appreciation translates into an additional $190 billion in home equity, we could see close to a $1 trillion gain next year.”

NAR estimated there were 2.14 million existing homes listed for sale at the end of October, a 5.4-month supply at the current sales pace. That’s the tightest inventory since February 2006, when the months’ supply of homes stood at 5.2 months.

October’s inventory is down from a 5.6-month supply in September, and represents a 21.9 percent decline from the 7.6-month supply that existed a year ago. Many analysts view a six-month supply of housing as an even balance between buyer and seller demand.

Homes were on the market for a median of 71 days in October, down 26 percent from a year ago when the time to sell an existing home took a median of 96 days.

First-time buyers accounted for 31 percent of purchasers in October, down from last October’s 34 percent.

Distressed homes accounted for 24 percent of all existing-home sales in October — down from 28 percent last October — with an even split between foreclosures and short sales. Foreclosures and short sales sold for 20 percent and 14 percent, respectively, below market value.

All-cash deals accounted for 29 percent of October’s sales — the same as last year and a percentage point higher than September. Investors accounted for 20 percent of existing home sales in October.

Existing-home sales, October 2012

Seasonally adjusted annual rate4.79 million
% change from October 2011+10.9%
% change from September 2012+2.1%
National median price$178,600
% change from October 2011+11.1%
Unsold inventory (months’ supply)5.4
Share of all-cash buyers29%
Share of investor buyers20%
Share of first-time buyers31%
Share of distressed sales24%

Source: National Association of Realtors

All U.S. regions saw existing-home sales and prices swell in October from a year ago. The Midwest leading the way with an 18.1 percent year-over-year increase to an annual pace of 1.11 million units and a median price of $145,600, up 10.6 percent from last October.

Despite some effects of Hurricane Sandy, the Northeast saw home sales increase 13.7 percent from a year ago to a yearly pace of 580,000 units, with median prices up 4.6 percent, on an annual basis, to $232,600. The annual pace of sales dropped 1.7 percent in the Northeast from September — the only region to see a monthly drop.

NAR anticipates that Hurricane Sandy will continue to influence the region’s housing market in coming months. “We expect an impact on Northeastern home sales in the coming months from a pause and delays in storm-impacted regions,” Yun said.

Existing-home sales in the South were up 11 percent to an annual pace of 1.92 million units from October 2011. Median sale prices were up, too, to $152,200, 8.2 percent above last October’s median price.

In the West, sales were up 3.5 percent from a year ago to an annual rate of 1.18 million units, and median prices jumped 21.2 percent from last October to $242,100, the largest yearly proportional price jump of any region.