From 2009 to 2011, the mean net worth of the top 7 percent of American households rose by 28 percent, while the mean net worth of households in the lower 93 percent dropped by 4 percent, largely because wealthy Americans have the bulk of their holdings in stocks and bonds while most Americans rely heavily on home equity for their personal wealth.
According to a Pew Research Center analysis of newly released Census Bureau data, from 2009 to 2011, the mean wealth of the 8 million households in the more affluent group rose to an estimated $3,173,895 from an estimated $2,476,244, while the mean wealth of the 111 million households in the less affluent group fell to an estimated $133,817 from an estimated $139,896.
Because of these differences, wealth inequality increased during the first two years of the recovery. The upper 7 percent of households saw their aggregate share of the nation’s overall household wealth pie rise to 63 percent in 2011, up from 56% in 2009. On an individual household basis, the mean wealth of households in this more affluent group was almost 24 times that of those in the less affluent group in 2011. At the start of the recovery in 2009, that ratio had been less than 18-to-1.
During the period of the study, the S&P 500 rose by 34 percent (and has since risen by an additional 26 percent), while the S&P/Case-Shiller home price index fell by 5 percent, continuing a steep slide that began with the crash of the housing market in 2006. Housing prices have slowly started to rebound in the past year but remain 29 percent below their 2006 peak.
Category Archives: Bedford Corners NY
6 tips for international SEO and marketing | Bedford Corners Realtor
Imagine a wealthy Russian entrepreneur sitting down with her expensive laptop. She is looking to buy a vacation home in Florida. Which search engine does she start with?
If you answered “Google,” “Yahoo” or “Bing,” you’re wrong. In Russia, the number one search engine is not one of the American leaders. It is Yandex, which is as Russian as Stolichnaya Vodka.
Yandex operates in other countries, too. It is so popular that it has more users — not just in Russia, but around the world — than Microsoft’s Bing search engine. That’s embarrassing for the tech giant from Redmond.
The situation in China is similar. A search engine called Baidu dominates web search. There, the word “Google” hardly even registers a flicker of recognition with most web users.
This pattern is repeated in many other countries around the globe. Naver is number one for search in South Korea. Seznam leads in the Czech Republic.
If you intend to market property or services to overseas buyers, you must include foreign search engines in your search engine optimization and marketing (SEO and SEM) plans.
Yes, English is the most-used language on the web. But it only accounts for about 25 per cent of the total. Research shows that multilingual users place more trust in websites in their native tongue.
As one expert in the foreign language Internet, Christian Arno, puts it, “The greatest benefit of foreign language Internet marketing is the opportunity to reach new markets, or to penetrate further into markets that may already be partially catered for with English alone.”
Here are my six best tips for international search engine optimization and marketing:
1. Choose the right search engines. Know which international audiences you are trying to reach. Pick the search engines they use most.
2. Start with search engine marketing because it allows you to see much quicker results and control your budget. It is much better to test your strategy and keywords before you invest resources in rewriting your website’s content in foreign languages.
3. Reconsider your keywords. You cannot succeed by using the same keywords for international marketing as you use domestically.
Even if you are targeting English-speaking buyers, say from the UK, you will need to re-evaluate your keywords and probably select new ones. For example, someone in London is more likely to search for “property” than “real estate.”
When working with foreign-language buyers, your keywords need to be in their mother tongue. Keywords can’t just be translated from one language to another. That’s because they aren’t just words, they are short hand for an entire thought process.
4. Don’t let your foreign language-speaking intern do your SEO and SEM. Search engine optimization and marketing are sophisticated skills. Good practitioners can command salaries of $150,000 per year, or more.
If you let a junior staff member handle your international SEO just because they speak the language of your target buyers, you are inviting disaster. If you don’t have the expertise in-house, rent it from a legitimate expert.
5. Revise your site’s content to make it relevant to your international audience. Andy Atkins-Krüger is one of the world’s most insightful international online marketers. He believes the most common cause of failure is “allowing customers working in other languages to receive second best.” I will get into this in more depth in a later article in this series.
6. Integrate your international marketing into your business. Attracting clicks online is only the first step to converting an international prospect into a buyer with a signed contract. Think long term and make whatever other changes in your business are necessary to nurture these valuable leads.
Follow these steps and the next property you sell just might go to that wealthy Russian entrepreneur from the first paragraph.
Andrew Taylor is co-CEO of Juwai.com, a real estate portal linking Chinese buyers with property in the U.S., Canada and a total of 54 countries.
Inman Daily
One Email, All You Need to KnowRT @AgentReboot: We are VERY excited to officially announce our Ambassadors for #agentrb Orange County, CA! http://t.co/WPODNina5cAgents: Are you more likely to spend marketing dollars on your website or video marketing? Give us your input! > http://t.co/L8tWjiquNgRT @placester: Great post by @jeffnieto: “Paid vs. earned: What’s the BEST media strategy for real estate?” via @inmannews http://t.co/6m@retribedrum thanks for sharing! cc: @jeffnieto
Bedford Corners Sales Up 25% | Median Price Down 48% | RobReportBlog
Bedford Corners NY Real Estate Report RobReportBlog 2013 6 months ending 4/24 2012 10 Sales 8 $754,500.00 median sold price $1,462,500.00 $315,000.00 low sold price $530,000.00 $21,500,000.00 high sold price $4,800,000.00 4813 average size 5385 $351.00 ave. price per foot $365.00 254 ave days on market 256 $2,892,000.00 average sold price $1,980,500.00 93.83% ave sold to ask 95.38%
Fewer California homes heading for foreclosure | Bedford Corners NY Real Estate
New California foreclosure actions posted a sharp plunge in the first quarter to levels not seen since the previous housing boom.
Lenders filed 18,567 mortgage default notices on homes and condominiums during the first three months of the year, down 51.4% from the previous quarter and a drop from 67% from the same time last year, according to DataQuick.
The drop is due to rising home prices, a strengthening economy and government interventions designed to curtail foreclosures.
“It appears last quarter’s drop was especially sharp because of a package of new state foreclosure laws — the ‘Homeowner Bill of Rights’ — that took effect Jan. 1,” said John Walsh, president of DataQuick.
He added, “Default notices fell off a cliff in January, then edged up.”
Meanwhile, default notices remained more prevalent in California’s cheaper neighborhoods, according to DataQuick.
Dig This Trend: Patio Perfection | Bedford Corners NY Real Estate
Mortgage Accessibility, Meeting Housing Demand Among Top Priorities | Bedford Corners Real Estate
Twitter stresses that they’re not showing more ads | Bedford Corners Homes
Twitter has finally crossed the rubicon and will allow advertisers to target ads to you based on the words that you tweet. specifically, the feature is called ‘keyword targeting in timelines‘, and its available today in 15 languages and all markets.
Twitter previously used the content of tweets to fill out its interest graph for advertisers, but this update brings laser targeting based on the topics that you tweet about to the product. Twitter uses the example of a person who tweets about enjoying an album from a band. A local venue could use a combination of Twitter’s location-based targets along with a keyword tuned to that band to pop an ad with a link to buy tickets to that band into the user’s timeline as a Promoted Tweet.
Twitter stresses that they’re not showing more ads in anyone’s timeline, they’re just going to be showing better targeted ones. And users will still be able to voice their disinterest by dismissing un-relevant Promoted Tweets. The ad targeting is also “based on the keywords in their recent Tweets and the Tweets with which users recently engaged.” That engagement could come in the form of retweets, favorites and other actions.
Twitter says that tests run with companies like Microsoft and Walgreens, they saw a jump in interactions with ads based on keyword targeting vs. other kinds of targeting.
Here’s what the new panel will look like for advertisers:
Major Metros are Now Sellers’ Markets | Bedford Corners Real Estate
Most sellers are getting as much or more than they are asking for their homes in eight out of 24 major metros tracked by a new market report released yesterday, a sign that the metros have crossed over from buyers’ to sellers’ markets.
In a new market report, ZipRealty’s data shows that the ratio of sales to list prices reached an average of 98.5 percent in the markets it covers and in eight-San Francisco, Las Vegas, Orange County, Sacramento, Los Angeles, San Diego, Portland, and Seattle-the median sales price was equal to or higher than median list prices, a sign that the markets are now sellers’ markets as sellers are getting as much more than their list prices. A year ago only Sacramento had reached a sold to list ratio of 100 percent.
ZipRealty reported that homes are selling faster, especially in Western markets where inventories are low. The average median days on market has fallen 27 percent from a year ago. In the past year, median time on market is falling fastest in Orange Country (-70 percent), Sacramento (57 percent), Los Angeles (55 percent), and the San Francisco Bay area (53 percent). The percentage of homes sold after seven days on the market rose from 13 percent a year ago to 18 percent in the new twice monthly report. Las Vegas, Denver and during the period February 15 to March 15.
“In seven major cities that ZipRealty analyzed, more than one-quarter of the homes listied for sale are selling in less than seven days, though it looks like the supply of newly listed homes may finally start to keep pace with frenzied buyer activity,” said Lanny Baker, CEO and president of ZipRealty.
Median home prices increased 14.6 percent to $242,519 on a year-over-year basis, with the highest gains in San Francisco, where home prices shot up 38 percent as of March 15. Real estate prices in both Las Vegas and Phoenix jumped 31 percent during the same period, according to the debut edition of the ZipRealty Housing Trends Report, which will be issued twice monthly.
Total housing inventory in the 24 metropolitan areas declined 34 percent as of March 15, 2013, as did the level of distressed home sales. The report shows 35 percent of the homes sold in the 2012 period were either foreclosures, short sales or REOs, compared to only 23 percent in 2013, a decline of 12 percent.







