Daily Archives: January 6, 2015

3-D tours for Real Estate | Pound Ridge Real Estate

 

Here’s how models are made using a camera and software developed by one of the leading companies in the space, Matterport:

Step 1. Position the camera in the spot you want to scan. You’ll need to scan from many locations — 70 on average — to capture an entire home.3d_step1setting-up-camera1

Step 2. Open the Matterport iPad app, and press the blue button that says, “Ready to Scan.” Pretty straightforward!

3dstep2

The camera will rotate 360 degrees, snapping photographs that give Matterport’s models their photo-realistic quality, and collecting readings from infrared sensors that infuse the images with a 3-D feel. You circle the camera as it spins to stay out of view and avoid scanning yourself. Each spin takes about 30 seconds.

Throughout the scanning process, 3dstep3you can see a top-down view of the space you’ve mapped on the iPad app, so you know what gaps you need to fill in. Every blue dot marks a spot where you conducted a scan. These dots represent the vantage points that you’ll be able to hop between when you use the model.

Step 3. Once you feel like you’ve covered the premises, you’ll need to mark windows.

3dstep4

That tells Matterport’s software to process only 3-D data captured for the space between the camera and the window, and to exclude data for space outside the window that could extend beyond the camera’s range.

You’ll also need to mark mirrors, since they can trick the camera into believing that their contents represent actual space rather than just a reflection. You can also tweak the boundaries (as I did below) of a scan if you want to trim some spaces from the 3-D model, like a boiler room.

Step 4. When you’re done marking features in the model, tap upload to transfer the data to Matterport’s processing platform, which will convert the data into a photo-realistic 3-D model.3dstep5 The upload and rendering should take from one to two hours.

You’ll receive an email when the process is complete, notifying you that your model is ready for viewing or management within the Matterport content management tool.

 

matterport ready for viewing

Voila!

3dvoila

Here’s me tooling around in the model.


In the beginning, you can see its “dollhouse” view, a bird’s-eye perspective that makes it easier to digest a home’s layout.

 

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http://www.inman.com/2015/01/05/3-d-tours-may-be-the-most-powerful-do-it-yourself-real-estate-marketing-tool-ever/

Oil Price Drop and Houston Real Estate | Bedford Corners Homes

The ranks of million-dollar homeowners in Houston have swelled in recent years, with the number of sky-high home sales more than doubling since 2010. But the market’s swift surge is now threatened by strains in the energy industry that fueled much of the city’s high-end real estate boom.

Wealthy Houstonians purchased 1,411 homes that each sold for at least $1 million last year, up from 688 five years earlier, according to the Houston Association of Realtors.

And Houston had the highest number of luxury home sales among Texas’ four major cities last year, a report released Monday by the Texas Association of Realtors showed. That represents almost 2 percent of this area’s total housing transactions.

Million-dollar-plus home sales were up 13 percent in 2014 over the previous year, according to the second-annual Texas Luxury Home Sales Report, which looks at high-end home sales in the state’s largest cities based on sales data from the first 10 months of the year.

With astonishing speed, however, the price of oil has fallen to levels not seen in five years, and the most dour economic predictions now show Houston at risk of going into a recession.

 

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http://www.houstonchronicle.com/business/real-estate/article/Plunging-oil-could-chip-away-at-million-dollar-5995534.php

Housing In 2015: Four Reasons For Optimism | Chappaqua Real Estate

 

Six years ago, homebuilders and Realtors were facing brutal business conditions: millions of Americans were losing their jobs and homes.

As 2015 begins, hiring is strong and economic indicators are pointing up. Could this be the year when the housing market finally breaks out of its tepid recovery and takes off?

Economists see several reasons why 2015 might be a banner year for homebuying — and not just in San Francisco and Miami.

They also see One Big Factor that potentially could block a buying binge.

Before considering that possible downer, let’s first look at the upside:

Employers are hiring again.

When companies are hiring, would-be homebuyers feel more confident about taking on mortgage debt.

During the recession, companies kept slashing positions, sending the unemployment rate soaring to 10 percent and frightening potential homebuyers. But job growth has been strong lately, with employers adding 321,000 jobs in November. The unemployment rate has tumbled to 5.8 percent.

As that good news sinks in, optimism is rising. The Conference Board’s latestConsumer Confidence Index shows confidence is running 19.5 percent higher than a year ago.

Home prices just took a breather, which helps.

From January to October, home prices rose 4.5 percent nationally, according to the latest S&P/Case Shiller Home Price Index. That gain was subdued compared with October 2013, when home prices jumped 11 percent higher than the previous year.

 

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http://www.npr.org/2015/01/05/374232461/housing-in-2015-four-reasons-for-optimism-and-one-for-worry

Consumer Confidence Up | Armonk Real Estate

Improving job and wage prospects lifted the Thomson Reuters/University of Michigan Consumer Sentiment December Index to its most favorable level since its last cyclical peak in January 2007. The Conference Board Consumer Confidence Index reversed its November retreat based on a more favorable estimate of current business and labor market conditions.

UM & CB three month moving average 12 30 2014

The Consumer Sentiment Index increased to 93.6 in December from 88.8 in November and 82.5 during the same month a year ago. Consumers reported hearing more positive economic developments than any other time in the last thirty years.  The survey reported consumers anticipated a significant increase in their incomes in 2015.

The Conference Board Consumer Confidence Index increased to 92.6 in December from an upwardly revised 91.0 in November. The Present Situation Index soared to its highest level since February 2008.

 

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http://eyeonhousing.org/2015/01/bursting-with-confidence/