New Home Sales Contracted Mildly But Remain at High Level | Chappaqua Real Estate
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Category Archives: Chappaqua
Cities where it makes no sense to rent | Chappaqua Real Estate
According to 24/7 Wall St., most of the towns are in the Rust Belt where economic instability has persisted, which has kept home prices low. Factors considered in coming up with the list include cost of moving, rent appreciation, inflation and mortgage costs of 20% down payment on a 30-year fixed mortgage at a rate equal to the national average of 3.5%. 24/7 also looked at unemployment figures and home price changes in the areas.
via housingwire.com
Steps which help to create Internet Marketing Plan | Chappaqua NY Real Estate
via dreamgrow.com
7 Strategies for Growing Community on Your Blog | Chappaqua NY Realtor
via problogger.net
How to Set Up a Facebook Page for Business | Chappaqua NY Realtor
Fear Motivates First-Time Homebuyers | Chappaqua NY Real Estate
Worried about predictions of rising mortgage rates, additional increases in home prices and new costs for FHA borrowers, first-time homebuyers are kicking off the spring buying market in years, despite skimpy inventories and late winter weather across much of the nation.
According to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, first-time buyers accounted for 34.5 percent of home purchase transactions in February based on a three-month moving average, the second monthly increase for first-time homebuyers.
First-time homebuyer traffic surged in February. The HousingPulse Homebuyer Traffic Diffusion Index for first-time homebuyers, an indicator of future home purchases, hit a four-year survey high of 66.4% in February. Any score above 50 percent with the index reflects an increase in home shopping traffic.
“First-time homebuyers are the wildcard in the upcoming spring-summer homebuying season,” said Thomas Popik, research director for Campbell Surveys. “We see strong first-time homebuyer traffic, but it’s still not clear that the traffic will translate into increased purchases, because first-time homebuyers are dependent on low-downpayment financing, such as FHA mortgages, and announced FHA program changes will take effect this spring.”
In the April to June timeframe, FHA will be increasing its Monthly Insurance Premium and require payment of the MIP for the full term of the loan.
While first-time homebuyers represented the fastest growing category of home purchasers between January and February, purchases by current homeowners saw the biggest drop fell from 44.3 percent to 42.5 percent. That was the lowest market share for current homeowners recorded by the HousingPulse survey since last June.
The Campbell/Inside Mortgage Finance findings are similar to data released by Realtor.com last week that suggests buyers are getting an early start this year (See Early Bird Buyers Try to Beat Tight Inventories).
40 Ways to Increase your Twitter Followers – Infographic | Chappaqua Realtor
via jeffbullas.com
Fear Motivates First-Time Homebuyers | Chappaqua NY Real Estate
Worried about predictions of rising mortgage rates, additional increases in home prices and new costs for FHA borrowers, first-time homebuyers are kicking off the spring buying market in years, despite skimpy inventories and late winter weather across much of the nation.
According to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, first-time buyers accounted for 34.5 percent of home purchase transactions in February based on a three-month moving average, the second monthly increase for first-time homebuyers.
First-time homebuyer traffic surged in February. The HousingPulse Homebuyer Traffic Diffusion Index for first-time homebuyers, an indicator of future home purchases, hit a four-year survey high of 66.4% in February. Any score above 50 percent with the index reflects an increase in home shopping traffic.
“First-time homebuyers are the wildcard in the upcoming spring-summer homebuying season,” said Thomas Popik, research director for Campbell Surveys. “We see strong first-time homebuyer traffic, but it’s still not clear that the traffic will translate into increased purchases, because first-time homebuyers are dependent on low-downpayment financing, such as FHA mortgages, and announced FHA program changes will take effect this spring.”
In the April to June timeframe, FHA will be increasing its Monthly Insurance Premium and require payment of the MIP for the full term of the loan.
While first-time homebuyers represented the fastest growing category of home purchasers between January and February, purchases by current homeowners saw the biggest drop fell from 44.3 percent to 42.5 percent. That was the lowest market share for current homeowners recorded by the HousingPulse survey since last June.
The Campbell/Inside Mortgage Finance findings are similar to data released by Realtor.com last week that suggests buyers are getting an early start this year (See Early Bird Buyers Try to Beat Tight Inventories).
Great experiences trump all in pursuit of client loyalty | Chappaqua NY Real Estate
Real estate has changed dramatically during the past decade. The stream of property information now available online — largely through companies such as Trulia and Zillow — has eliminated agents’ monopoly on access to information and, in doing so, transferred power to every consumer with an Internet connection.
Buyers and sellers now control the real estate process, a massive shift that has forced brands and agents to react. Those reactions, however, are too often misdirected toward quantity (leads bought in bulk, higher conversion rates, more Facebook or LinkedIn connections) as opposed to quality, a costly mistake for real estate professionals.
As companies such as Amazon, Starbucks and Zappos have shown us, great experiences are the best way to grow business. Agents must heed those lessons and connect personally with their customers, not through “spray and pray” marketing tactics that treat clients as just another number.
via inman.com
Brokerage also buys, rehabs, manages, and flips homes | Armonk NY Real Estate
Real estate is a fairly segmented industry, and business models don’t change very much over the years. Brokerage companies buy and sell properties for prospective homeowners, investors buy properties for investments, property managers manage properties, and mortgage bankers finance properties.
Occasionally, someone wanders into the real estate business from somewhere outside of this universe and creates a totally a new model — either because he or she is brash, or not smart enough to realize this new invention is too good or too bad to be sustainable.
Such is the case with Erik Coffin, CEO of Gotham Capital Management, who is doing so many different things with his relatively new Beverly Hills-based company that I’m not even sure he can keep track of it all.
I asked him, “What’s the main thing Gotham Capital does?” He answered, without irony, “We don’t know. We make money.”
via inman.com