Monthly Archives: April 2013

Foster a Culture of Gratitude | Bedford NY Realtor

In the movie Remember the Titans, Coach Herman Boone takes his high school football team to the battleground of Gettysburg. Having inherited a fractured and divided squad, Coach Boone implores the players to “take a lesson from the dead. If we don’t come together, right now on this hallowed ground, we too will be destroyed, just like they were.” Coach Boone then establishes the primacy of an important team virtue: “I don’t care if you like each other right now, but you will respect each other.”

In every workplace and on every team, all people have the innate desire to feel appreciated and valued by others. Like Coach Boone, leaders of teams — and team members themselves — should work to foster a culture of value and appreciation.

High performing teams have well-defined goals, systems of accountability, clear roles and responsibilities, and open communication. Just as importantly, teams that foster cohesion with a sense of appreciation and gratitude among the team members maximize performance on a number of dimensions. Jon R. Katzenbach and Douglas K. Smith, authors of the Wisdom of Teams, define a high-performing team in part by members’ strong personal commitment to the growth and success of each team member and of the team as a whole.

Research on gratitude and appreciation demonstrates that when employees feel valued, they have high job satisfaction, are willing to work longer hours, engage in productive relationships with co-workers and supervisors, are motivated to do their best, and work towards achieving the company’s goals. Google, which sits atop many best-places-to-work lists, fosters feelings of employee value through an open culture that promotes employee input, routinely rewards and recognizes performance, and encourages personal growth. In a recent interview, CEO Larry Page stated, “My job as a leader is to make sure everybody in the company has great opportunities, and that they feel they’re having a meaningful impact and are contributing to the good of society.”

And consider the consequences of not fostering a culture of gratitude: A study of over 1,700 employees conducted in 2012 by the American Psychological Association (APA) indicated that more than half of all employees intended to search for new jobs because they felt underappreciated and undervalued.

Several recent articles point out the importance of saying “thank you” and giving specific praise to employees when earned in genuine, honest, and heartfelt ways. Mark Gaston’s blog on How to Give a Meaningful Thank-you is full of great advice such as sharing with employees how their contributions had personal significance for the leader and team.
In addition to these very important gestures of thanks, recent research suggests that a leader can enhance a culture of gratitude in the following ways.

  1. Help others develop. Interestingly, the APA study indicated that 70% of employees feel valued at work when they have opportunities for growth and development. While promotion opportunities within companies may sometimes be limited, you can still invest in team members’ professional development through training, assignment to new and interesting projects, participation on task forces, and exposure to new and interesting different areas through cross-training. Employees frequently have skills that extend beyond the position for which the company hired them. Additionally, they typically grow their skills over time. Leveraging these broad skill sets can lead to greater engagement and satisfaction.
  2. Involve employees. Team members feel valued when they have an opportunity to take part in decision-making, problem-solving, and to use their skills to benefit the organization. A 2012 study by the Society of Human Resource Management (SHRM) showed the importance of employees’ opportunities to use skills and abilities, with 63% of respondents listing the ability to use their skills as the top driver of their job satisfaction.
  3. Support camaraderie and collegiality. I conducted a study many years ago on the positive benefits of friendship in the workplace. Camaraderie in the workplace can lead to greater job satisfaction and commitment to the organization and doing a job well. Leaders should foster collegiality, help to eliminate toxic and dysfunctional team behaviors, and create opportunities for team members other than on work projects. At Google, the games/toys the company provides allow for entertaining and informal interactions among colleagues. These positive and fun feelings carry over when the colleagues work on projects together. The SHRM study in 2012 found employees’ relationships with their co-workers was the second highest factor related to their connection and commitment to the organization. Team leaders may also consider using social contracts, explicit agreements on how team members interact, to help shape positive behaviors within their teams.

Taking the time and effort to create a culture that values and appreciates the diversity and similarity within a team can reap great rewards in terms of performance and satisfaction of the entire team. At the end of the day, this principle is really very simple: we all want to feel valued and appreciated. So, in addition to overt recognition to employees, use a variety of ways to build a culture of gratitude.

Bedford Hills Sales Up 11% | Median Price Up 207% | RobReportBlog

Bedford Hills NY Real Estate ReportRobReportBlog20136 months ending 4/25201210Sales9$1,310,000.00median sold price$426,000.00$282,000.00low sold price$275,000.00$3,995,000.00high sold price$3,550,000.004162average size2958$347.00235$309.00226ave days on market163$1,614,450.00average sold price$810,555.0091.54%ave sold to ask90.69%

Bedford Village Sales Down 4% | Median Price Drops 14% | RobReportBlog

Bedford Village NY Real Estate ReportRobReportBlog
20136 months ending 4/252012
24Sales25
$1,042,500.00median sold price$1,225,000.00
$370,000.00low sold price$384,800.00
$3,500,000.00high sold price$4,750,000.00
3705average size4625
$387.00ave. price per foot$309.00
171ave days on market246
$1,257,239.00average sold price$1,515,589.00
93.03%ave sold to ask92.54%

Fiscal fears hurt Hamptons housing market | Waccabuc NY Homes

In the first quarter, sales of expensive Hamptons homes fell off the fiscal cliff.

Fear of higher taxes in 2013 drove a flurry of high-end house sales in the Hamptons at the end of last year. That front-loading of sales slowed down the top of the market in the first three months this year, experts said Wednesday, citing data from a report scheduled to be released Thursday by broker Douglas Elliman Real Estate and prepared by appraisal firm Miller Samuel Inc.

On the rest of Long Island — excluding the Hamptons and North Fork — housing inventory declined sharply in the quarter, according to the report. Houses listed for sale fell to 15,303 in the first quarter, down from 20,358 a year earlier, as homeowners wait to rebuild equity and see where prices head. Average prices rose in the first quarter to $435,082 from $415,243 a year earlier.

Hamptons houses sold for an average price of $1.2 million in the first quarter of 2013, down from $2.1 million in the previous quarter and $1.7 million a year earlier, the report said. The fall doesn’t signal a decline in prices so much as a shift in timing, said Jonathan Miller, president and chief executive of Miller Samuel.

Buyers, Miller said, tried to close “by Dec. 31 because the general assumption was a tax environment would be higher in 2013.”

Miller said 49 houses in the Hamptons sold for more than $5 million in the fourth quarter but only eight in the first quarter.

The so-called “fiscal cliff” threatened a mix of automatic tax hikes and spending cuts in 2013. Congress agreed to limit the tax hikes while increasing rates on the highest earners — those likeliest to be worried about capital gains on the sale of multimillion-dollar homes.

While the average price in the Hamptons swung, the median price was more stable, falling to $740,000, a 5.1 percent drop compared with a year earlier.

“The top end of the market has taken a breather,” said Douglas Elliman broker Paul Brennan. “Other than that everything is pretty normal.”

Westchester housing conflict heats up; county could be held in contempt | Katonah NY Homes

A residential desegregation conflict between the United States Justice Department and Westchester County was ratcheted up when the department threatened to ask that the county be held in contempt of court, according to a report by ProPublica.

The four-year dispute pits Westchester County Executive Rob Astorino against the Justice Department, and stems from a 2009 settlement in which the county agreed to pass a law aimed at ending discrimination against people receiving government subsidies to pay rent, the report said. However, Astorino vetoed that legislation, leading to a federal court decision earlier this month that he had violated the settlement, and included an order to sign the legislation, ProPublica said.

In its letter to the county, the Justice Department gave Astorino until Thursday to enact the legislation, ProPublica reported, and the United States Department of Housing and Urban Development added that it would withhold $7.4 million in federal grants if the county does not comply with the court order by Thursday

U.S. Gives Westchester Deadline to Comply With Housing Pact | Chappaqua Real Estate

Four years after Westchester County entered into a landmark desegregation agreement with the federal government, relations between the two sides are hanging by a thread amid federal threats of contempt suits and revocation of money. The showdown is raising unsettling echoes of the disastrous 27-year-long court fight over housing that virtually bankrupted Yonkers, the county’s largest city.

The United States Justice Department last week sent Westchester officials a letter saying that the county had failed to enact legislation prohibiting housing discrimination based on source of income as ordered by the settlement and by a federal court ruling. The letter said the Justice Department would seek a contempt ruling against the county and County Executive Robert P. Astorino if he did not comply by Thursday.

Additionally, the federal Department of Housing and Urban Development has said it will revoke $7.4 million in money allocated to Westchester and send it elsewhere if the county does not take steps to comply with at least two elements of the settlement by the same date.

With the deadlines looming, the Westchester County Board of Legislators voted 12 to 4 on Monday to authorize a lawsuit challenging HUD’s decision to take away the $7.4 million, which would have gone to support housing and community needs.

Mr. Astorino, a Republican who was elected after the settlement was reached and has made his opposition to elements of it a centerpiece of his administration, used his annual State of the County address on Tuesday to reiterate his stark differences with the federal government.

He accused the federal government of going beyond the original agreement, trying to undermine all zoning decisions in the county and making “outrageous” demands not in the agreement.

“Washington bureaucrats, who you will never see or meet, want the power to determine who will live where and how each neighborhood will look,” he said. “What’s at stake is the fundamental right of our cities, towns and villages to plan and zone for themselves.”

He added: “Westchester residents didn’t stop becoming American citizens the day the deal was signed in 2009.”

The complaints have vividly shown the tensions between Westchester and federal housing officials since the Obama administration and the county reached one of the most ambitious desegregation settlements in decades, after a discrimination ruling against the county in 2009. In the settlement, the county agreed to create 750 houses and apartments for moderate-income people in overwhelmingly white communities and aggressively market them to nonwhites in Westchester and New York City.

Westchester County’s Robert Astorino, under contempt threat, agrees to sign bill he vetoed | Armonk NY Homes

Under the threat of a federal contempt citation, the leader of a suburban New York county agreed Wednesday to sign the same fair-housing bill he vetoed in 2010 — if the county Legislature passes it again.

Westchester County Executive Robert Astorino sent the bill back to the Board of Legislators, urged its passage and said he would approve it.

“If the proposed legislation is adopted by the County Board, I will sign said legislation in accordance with my court-ordered obligations,” Astorino wrote.

The bill relates to the 2009 settlement of a desegregation lawsuit against Westchester. One of the terms of the settlement was that the county executive promote legislation against “source of income” discrimination — for example, when a landlord refuses a tenant because the tenant plans to use federal vouchers to pay the rent.

Federal officials have said such refusals often serve as covers for racial discrimination.

When Astorino vetoed the bill, he claimed the duty to promote it applied only to the previous county executive, who had agreed to the settlement. He also called it a federal intrusion on private property.

When he lost a long court battle, he asked the Legislature to re-introduce the bill. But the Department of Justice said Astorino had to go further. It demanded that he submit the legislation himself and agree in writing to sign it or face possible contempt-of-court charges.

Ned McCormack, a spokesman for Astorino, said Astorino believes he was already in compliance and “today’s letter goes even further to show unambiguously that we’re complying.”

Justice Department spokeswoman Ellen Davis said the department would have no comment.

It’s not clear that the bill will pass the Legislature and it’s not known how the federal government will react if it fails.

It’s also not known whether Astorino’s actions Wednesday affect another deadline, also related to the housing settlement.

The Department of Housing and Urban Development has demanded the county provide by Thursday an acceptable analysis of exclusionary zoning practices in Westchester.

Mortgage rate hits record low | Chappaqua NY Homes

Mortgage rates continued to drop, with the 15-year fixed-rate loan hitting a record low, according to a weekly report from mortgage financier Freddie Mac.

The 15-year fixed rate fell to 2.61% this week from 2.64%, The previous record low of 2.63% was set the week of Nov. 21, 2012.