Daily Archives: February 10, 2013

Obama Scorecard warns economy remains fragile | Bedford Hills NY Real Estate

Data released in the Obama administration’s January Housing Scorecard show signs that the housing market is continuing to strengthen, with the number of underwater borrowers  declining while home prices improve. 

Officials warn that, while the recovery is in full effect right now, there is regional variation and the overall U.S. economy still remains fragile.

“The Obama administration’s efforts to speed housing recovery are showing continued progress as the January scorecard indicators highlight clear forward momentum in the housing market,” said the U.S. Department of Housing and Urban Development Deputy Assistant Secretary for Economic Affairs Kurt Usowski.

Broken down, the housing recovery looks promising. The inventory of existing homes for sales continued to decline, dropping from a 4.8 months’ supply on the December scorecard to a 4.4 months’ supply, according to data from the National Association of Realtors. The significance of this is highlighted when looking back at the November scorecard, when there was a 5.3 months’ supply of housing.

With fewer homes on the market, fewer homes are being sold. The number of existing homes for sale dropped from 415.8 million in December to 411.7 million in January, according to NAR, U.S. Census Bureau and HUD. 10.67

The number of underwater borrowers continues to be chipped away, with 10.67 million borrowers still underwater, down from 10.78 million in the previous quarter, according to the CoreLogic ($28.50 0.2%).

Mortgage aid continues to keep foreclosure fillings down, with 3.2 million foreclosure completions since April 2009, according to RealtyTrac.

“The housing market has clearly bottomed out nationally and is turning a corner with new home construction increasing to a level not seen since June 2008 and home prices showing strong annual gains. But with so many households still struggling, we have important work ahead,” added Usowski.

mhopkins@housingwire.com

Guide to Monitoring Your Online Reputation | Bedford Corners NY Realtor

The good folks at Trackur have put together this infographic on how to monitor your personal or your brand’s reputation online. The steps they specify:

  1. Identify your reputations – monitor names brand names, company names, product names and variations.
  2. Quantify your audience – who has a stake in your online reputation?
  3. Understand your goals – how are you going to measure the whether your reputation is improving?
  4. Specify your needs – what tools do you require and what sources do you need to monitor?
  5. How will you monitor? – what processes are in place to be alerted and respond to issues?
  6. Who will monitor the conversations? – who are you entrusting with managing and responding to online reputation issues?

Ultimate Guide to Monitoring Your Reputation Online

Pleading the Case for Social Media: The Pros and Cons | Chappaqua Realtor

Those of us who work in social media can’t fathom why someone wouldn’t want to leverage it to promote their brand. Some of us were just were born with hash tags in our DNA and LIKEs in our blood. However many people still fail to see the true value of a quality social media effort. This can pose a problem when trying to get a brand to embrace using social media, therefore those of us who were gifted with the social super power have an obligation to fight the good fight and promote the benefits of social media. As with everything, understanding the benefits of something also means that you should be aware of the pitfalls as well. Hubspot recently released a great whitepaper discussing the pros and cons of social media and SEO. I think they provided some good insight as to why some brands might be for and against diving into social media. Let’s take a look at the pros and cons of the magical world of social media marketing.

pros cons social media

Pros:

1. Social Media Helps SEO

Whether you know it or not, strategic social media marketing can support your SEO efforts. Google is constantly trying to find ways to serve people with the most relevant search results possible. If people are sharing content from your site frequently, Google HAS to recognize that content as quality. Having social share buttons on your website is a great idea to help facilitate this effect. Having a great social presence might also help attract guest bloggers who would surely help share links to their work, so spruce up that social effort for SEO’s sake!

 2. Social Media Creates Relationships

This is probably the most well-known benefit of social media marketing, and possibly the most important. Studies show that the more time that a person spends with a brand; the more likely they are to buy from them. Creating and reinforcing relationships is very difficult to do with only your website. Social media gives your brand a voice and allows a personalized experience for a community of people who express interest in your brand. These relationships will create positive word of mouth and a positive brand perception.

 3. Social Content Can Be Re-used

The content that you distribute on one social media channel can be used on another. One simple blog can be made anew a few times depending on how you post about it. Keep in mind that you always want to take in to consideration the structure and culture of the social channel you are posting to.  Be sure to use appropriate hashtags on Twitter, Pinterest and Google+ (NOT Facebook, UGH!) and think of a good call to action when posting on Facebook.  A single content piece can have many legs with social media.

 4. Niche Networks Means Targeted Customers

Social media can be very beneficial if you are active in the channels where your target audience is. If you are a B2B company, consider spending more time in LinkedIn.  Are you a fashion brand? Consider stepping up your efforts on Pinterest. Social media has gone from two major power players that catered to a general audience to a fragmentation of different sites where different demographics of people congregate. Find out where you desired audience is and get busy!

 5. Creation of Great User Generated Content

User generated content is the holy grail of social media marketing. A positive comment or tweet not only serves as a great endorsement of your brand, it also has much more resonance that a brand generated marketing message. I would argue that a photo that a person posts using your product is way more powerful than a stock image with your logo imposed on it. Embrace user generated content and strive to create a social community that welcomes it. 

Cons:

1. No Content = No Bueno

An issue with social media is that leveraging it won’t be beneficial without content. It’s possible for virtually any brand to be successful; however content is the metaphoric gas that makes the car go. Without content you will have a branded shell simply taking up e-space. If you really want to make your brand social, you have to invest time and effort in content generation. Many brands don’t have the time or manpower to pump out sharable content.

 2. Success Takes Time

I often say that social media is a marathon and not a sprint. At the end of the day, all that matters is what impacts the bottom line and proof of that impact from social media takes time to see. A brand must establish a presence, build a community, perfect its content strategy and develop a way to track their efforts. This process needs ongoing nurturing and a lot of brands want to see the immediate return on their investment in social. Unfortunately it takes a bit of time to see growth and success.

 3. Social Content Has a Short Shelf Life

We mentioned that social media presents a way to give one content piece multiple legs, however social content ages very quickly so there is a need continuously create content. Content ages at different speeds on each channel, so there can be some frustration for brands when it comes to creating content.

 4. Constant Need for Monitoring

There are millions of conversations happening right this very second across the social web. The likelihood that a few of them are about your brand is pretty good. It is very important for brands to frequently monitor engagement and brand mentions. This allows them to be proactive for simple customer service issues and foresee customer backlash when larger issues arise. Similarly to the content conversation, brands simply don’t have the time or manpower to keep tabs on the ever growing social conversation.