Daily Archives: December 20, 2013

South Florida home prices rise, but sales soften | Armonk NY Homes

South Florida home prices rose in November, though sales slowed as buyers regained more control over the recovering market.

Broward County’s median price for existing single-family homes last month was $270,000,  up 29 percent from a year ago, the Greater Fort Lauderdale Realtors said Thursday. Despite the large annual increase, the median has remained unchanged for three consecutive months.

Palm Beach County’s median of $252,000 was 16 percent higher than a year ago, according to the Realtors Association of the Palm Beaches. But it too has softened, hovering close to $250,000 since July.

Meanwhile, the once-blistering sales pace also has cooled. Broward had 1,076 homes trade hands last month, off 11 percent from a year ago. Palm Beach County had 1,110 sales in November, up just 1 percent from November 2012.

Investors have fueled demand since the market hit bottom early last year, but many have pulled back as prices have increased, real estate agents and analysts say. In both counties, cash sales declined in November from a year earlier.

Industry observers say the market was destined to lose some of its steam. They expect prices to continue rising next year, but at a much slower rate.

Terry Story, an agent in Broward and Palm Beach counties, said buyers are taking more time to consider their options and not rushing to bid on overpriced properties.

“The buyers are saying, ‘Nah, nah, nah,’” Story said. “They’re waiting for sellers to reduce their prices and they’re waiting for more properties to come on the market.”

 

 

http://articles.sun-sentinel.com/2013-12-19/business/sfl-south-florida-home-prices-link-20131219_1_south-florida-home-prices-large-annual-increase-terry-story

 

Inside A-Rod’s Pristine Beach Condo, On The Market For $3.2M | North Salem NY Real Estate

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Alex Rodriguez’s pro baseball career may be in one hot mess, but his Miami housing situation isn’t exactly clear and simple either. After selling his minimalist, palatial North Bayshore Drive manse for a grand $30 mill, and buying an oceanfront condo at Midbeach’s Mei building for less than a tenth of that price, A-Rod has popped the crash pad back on the market for $3.2 million, just over a million more than what he paid for it. Chump change one would think for a guy used to the big, eight figure, leagues. But hey, a million bucks is a million bucks. Curbed National has more details about the condo’s redone interior, which just like the house is basically a white box. Hey, the man likes lots of white.

Where Is Content Marketing Headed in 2014? [INFOGRAPHIC | Waccabuc NY Realtor

As the year 2013 comes to an end, marketing experts and internet professionals are taking a look forward to what the marketing terrain will be like in the year 2014, especially in the area of content marketing.

2013 has experienced a lot of innovative changes as far as marketing is concerned. There were a whole lot of new tools and conventions to deal with. But in all of these content marketing stood out! Today, content marketing is not just a buzz word but something that every business now takes as a MUST.

For example, in a recent survey conducted by MarketingProfs and the Content Marketing Institute, it was revealed that 93% B2B organizations now use content-based tactics for their marketing campaigns while 73% indicated they now produce more content than the previous year!

These are not mean figures. They are definitely an indication of what to expect in content marketing trends for 2014. The following infographic from Uberflip gives a concise view of what the trends will be like in content marketing in 2014.

So, whether you are a B2B or B2C business and you are among those who intent drive out-standing results for your content marketing spend in  2014 then you need to study this infographic very carefully because you will definitely get something from it!

Content Marketing Trends For 2014

So, how are you preparing to make good use of what the experts say about the content marketing in 2014?

 

 

 

http://socialmediatoday.com/okesteady/2002261/where-content-marketing-headed-2014-infographic?utm_source=smt_newsletter&utm_medium=email&utm_campaign=newsletter&inf_contact_key=4e31d2e7346a5924bb28ec66a4887c9d1df030b8e5d58a3e790461ece08da544

 

 

 

 

Latest Figures Show New Home Sales and Prices Decline in New York | Cross River Real Estate

In August, the New York, NY market saw a decline year-over-year in new home closings, and with a percentage decline steeper than July 2013, there were suggestions the market may be worsening. Closings sank 29.5% from a year earlier to 665. This was after the housing market saw a 25.0% fall year-over-year in July.

A total of 7,252 new homes were sold during the 12 months that ended in August, down from 7,530 for the year that ended in July.

Out of all housing closings, new home closings made up 4.8%. This is down from the 7.5% of closings a year earlier. Closings of new and existing homes increased year-over-year in August after also rising in July year-over-year.

 

 

 

http://www.builderonline.com/local-housing-data/mid-atlantic/new-york-northern-new-jersey-long-island-ny-nj-pa.aspx?cid=lmkt:new-york-northern-new-jersey-long-island-ny-nj-pa:20131215&rdrnum=1000073719

 

 

 

Existing home sales decline 4.3% in November | South Salem NY Homes

Existing home sales fell 4.3% for November to a seasonally adjusted rate of 4.9 million, according to Thursday’s report from the National Association of Realtors, although median prices show strong growth year-over-year.

That’s down from 5.12 million in October, and 1.2% below the 4.96 million-unit pace in November 2012.

Lawrence Yun, NAR chief economist, said the market is being squeezed.

“Home sales are hurt by higher mortgage interest rates, constrained inventory and continuing tight credit,” he noted. “There is a pent-up demand for both rental and owner-occupied housing as household formation will inevitably burst out, but the bottleneck is in limited housing supply, due to the slow recovery in new home construction. As such, rents are rising at the fastest pace in five years, while annual home prices are rising at the highest rate in eight years.”

HousingWire will have detailed analysis of this, as well as today’s coming report on jobless claims for the week and where mortgage rates stand, and how it all ties into the Fed’s announcement Wednesday that it will begin tapering its purchase of mortgage-backed securities and Treasurys in 2014.

 

 

http://www.housingwire.com/articles/28356-existing-home-sales-decline-43-in-november

Mortgage rates tick up slightly | Katonah NY Real Estate

Freddie Mac today released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates climbing a little from last week following positive news for housing starts and building permits.

According to Freddie Mac, 30-year fixed-rate mortgage rates averaged 4.47% with an average 0.7 point for the week ending Dec. 19.

That’s up from last week’s 4.42%.

The 30-year fixed averaged 3.37% a year ago.

The 15-year fixed rate hit 3.51% with an average 0.6 point, up from 3.43% last week.

 

 

 

http://www.housingwire.com/articles/28357-mortgage-rates-tick-up-slightly