Daily Archives: May 30, 2013

Teens & Facebook Relationship Status: It’s Complicated | Katonah Realtor

 

Teens & Facebook Relationship Status: It's Complicated

Don’t believe the hype. Teens are not abandoning Facebook – nor are they likely to leave anytime soon.

Like the once bittersweet, respectful and sometimes resentful interactions between Steve Jobs and Bill Gates, so is the prickly, contentious and mutually beneficial relationship between teens and Facebook. It’s complicated, yes, but teens and Facebook – despite what you’ve heard – are practically joined at the hip.

I Hate You! I Hate You! Can I Borrow the Car?

Facebook would be wise not to ignore teen’s complaints regarding the service – complaints that span peer pressure, image, prying parents, privacy settings, advertising and access. Nonetheless, for teens, Facebook has become a pillar of daily life, like school and parents.

A recent Pew Research report on teens and social media launched the blogosphere into a giddy, frenzied panic. Teens are “abandoning” Facebook, several sites claimed. This is false – likely the result of a limited reading of the report’s data and a too-eager willingness to parrot an Associated Press report which stated that “teens are migrating to Twitter.”

Twitter is booming as a social media destination for teenagers who complain about too many adults and too much drama on Facebook.

Such statements were based less on Pew’s actual survey data, however, and more on cherry-picking responses from Pew’s supplemental focus group sessions. In particular, the media chose to focus their attention on two very small open-ended online discussions that Pew conducted: one with 11 middle schoolers and the other with nine high schoolers. 

Here are the facts: nearly every teen in the U.S. is online and the vast majority of them are on Facebook – first and foremost. Nothing else is close. Indeed, the very same teen focus group complaints likely only reveal the pre-eminence of Facebook in teenager’s lives.

What Are You Doing? Nothing.

Fully 95% of American teens are online and of those who use anyform of social media, an incredible 94% have a Facebook account – a slight increase from 93% in 2011.

Teens aren’t simply signing up for a Facebook account, of course. The data show that teens rely upon Facebook in numbers radically higher than any other social media platform, including Twitter. Note also that Google’s much promoted Google Plus registers at only 1% as teens’ preferred choice.

I’m In Charge

Two primary reasons many analysts claim teens will abandon Facebook is because of the site’s confusing privacy policies and, possibly more concerning, the fact that teens’ parents can see everything they post. In fact, neither of these are much of a concern.

Pew’s data shows that nearly 90% of teens say Facebook’s privacy settings are either “not difficult at all” to manage or “not too difficult.” A surprisingly high 61% of teens have reviewed their Facebook privacy settings within the prior month of the survey – and nearly 80% of teens within the prior year.

Turns out, the granularity of Facebook controls are welcome. For example, 60% of teens keep their Facebook profile “private” – restricted to approved friends and family access. Further, only 16% choose to have their location automatically included in their updates. Teens are in control of their Facebook profile. Twitter, by contrast, is more likely to be viewed as fully “public” by teens.

With respect to mom and dad seeing what’s on their profile, that also isn’t much of a concern. Only 5% of teens “limit what their parents can see” on Facebook.

The vast majority of teen Facebook users say that their parents and other adults see the same content and updates that all of their friends see, suggesting that having multiple Facebook accounts is not a common practice.

Teens & Facebook Relationship Status: It’s Complicated – ReadWrite.

One-third of Buyers on Market More than a Year | Waccabuc Real Estate

You’ve heard of days on market for a listing? How about a year on market for buyers? A new survey found that one out of three buyers has been looking for a home for more than a year and now they are ready to grovel.

A new Century 21 survey found that 33 percent of buyers currently searching for a home have been on the hunt for more than a year, and that the vast majority of them are willing to negotiate with sellers and make compromises to find their next home. In particular, prospective homebuyers are willing to compromise on popular amenities and their home’s location.

Listed inventory in April was approximately 14 percent below one year earlier and 32 percent below the level of April 2011 , which has made it difficult for buyers to find homes. With an increase of buyers coming into the market, the lack of available homes for sale has presented challenges for first-time and move-up homebuyers.

“For the last few years, certain homeowners have been hesitant to list their homes due to unfavorable economic conditions,” said Rick Davidson, president and CEO, Century 21 Real Estate LLC. “Today, the recovery in housing continues to gain momentum, and with so many buyers in the market who are competing for so few available homes, it is a great time for sellers to speak with a real estate professional about the advantages of listing their home.”

The Century 21 spring selling survey shows there are plenty of serious buyers in the market who are actively making offers, but due to low inventory and many houses receiving multiple offers, bidding wars are becoming more common.

  • Some 33 percent of those searching for a home say they have been at it for over a year, while 67 percent have been searching for up to a year.
  • Offers are being made, but not many are accepted: 42 percent of those searching for homes have made an offer in the past six months yet only 11 percent have had their offers accepted.
  • Current homeowners looking to buy are more than twice as likely to have their purchase offers accepted as those who rent (15 percent vs. 6 percent). However, renters are nearly three times as likely as homeowners to report that they made an offer but couldn’t agree on price (14 percent vs. 5 percent).

“The recovery has transformed the mindset of many buyers and sellers who grew accustomed to the buyers’ market we saw for years,” said Davidson. “Right now, we’re in a situation where buyer confidence is building back up and demand is strong. As our survey indicates, sellers are now in a more favorable position.”

With competition stiff among buyers, Century 21 Real Estate’s spring home selling survey reveals that many are willing to make compromises on both the home itself and in the negotiations with the sellers in order to get their offer accepted.

 

One-third of Buyers on Market More than a Year | RealEstateEconomyWatch.com.

Foreclosures Disappear Even Faster | Mt Kisco Real Estate

 

Foreclosure inventories fell 24 percent from last year at this time and completed foreclosures fell 16 percent year over year, according to the CoreLogic April National Foreclosure Report.

According to CoreLogic, there were 52,000 completed foreclosures in the U.S. in April 2013, down from 62,000 in April 2012, a year-over-year decrease of 16 percent. On a month-over-month basis, completed foreclosures remained flat at 52,000*, the same number reported for March 2013.

As a basis of comparison, prior to the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006. Completed foreclosures are an indication of the total number of homes actually lost to foreclosure. Since the financial crisis began in September 2008, there have been approximately 4.4 million completed foreclosures across the country.

As of April 2013, approximately 1.1 million homes in the U.S. were in some stage of foreclosure, known as the foreclosure inventory, compared to 1.5 million in April 2012, a year-over-year decrease of 24 percent. Month over month, the foreclosure inventory was down 2 percent from March 2013 to April 2013. The foreclosure inventory as of April 2013 represented 2.8 percent of all homes with a mortgage compared to 3.5 percent in March 2013.

“The shadow of foreclosure and distress continues to fade, with the annualized sum of completed foreclosures having declined for 17 straight months,” said Dr. Mark Fleming, chief economist for CoreLogic. “Six states have year-over-year declines in the foreclosure inventory of more than 40 percent, and in Arizona and California the year-over-year decline is more than 50 percent.”

“The shadow inventory continued to drop in April as the number of completed foreclosures fell by 16 percent on a year-over-year basis,” said Anand Nallathambi, president and CEO of CoreLogic. “Fewer distressed properties combined with improving home prices and a pickup in home purchases are significant signals that the ongoing recovery in the housing and mortgage markets continues to gather steam.”

Highlights as of April 2013:

The five states with the highest number of completed foreclosures for the 12 months ending in April 2013 were: Florida (102,000), California (79,000), Michigan (68,000), Texas (53,000) and Georgia (47,000). These five states account for almost half of all completed foreclosures nationally.

The five states with the lowest number of completed foreclosures for the 12 months ending in April 2013 were: South Dakota (81), District of Columbia (100), North Dakota (461), Hawaii (466) and West Virginia (527).

The five states with the highest foreclosure inventory as a percentage of all mortgaged homes were: Florida (9.5 percent), New Jersey (7.4 percent), New York (5.1 percent), Maine (4.4 percent) and Nevada (4.3 percent).

The five states with the lowest foreclosure inventory as a percentage of all mortgaged homes were: Wyoming (0.5 percent), Alaska (0.6 percent), North Dakota (0.7 percent), Nebraska (0.8 percent) and Virginia (0.9 percent).

*March data was revised. Revisions are standard, and to ensure accuracy, CoreLogic incorporates newly released data to provide updated results.

Foreclosures Disappear Even Faster | RealEstateEconomyWatch.com.