Category Archives: Katonah

IMF sees risk in Israel’s housing marke | Katonah NY Homes

Israel’s low interest rate environment has the danger of further boosting housing prices, the International Monetary Fund said Monday, but the possibility of a quick adjustment in prices is also worrying.

In the concluding statement of its annual consultation, the IMF said that Israel was conducting proper monetary policy given the strength of the shekel and the global environment. “The low interest rate environment could, however, fuel further house price increases,” the report said.

“If house prices continue to rise, macroprudential measures, notably those which directly restrict the size and risk of mortgages, should be further tightened.” The IMF also recommended increasing property purchase tax for non-primary residences temporarily and, crucially, taking measures to boost the supply of housing, “including by implementing the recommendations of the Housing Committee.”

Despite the difficulties posed by the increased prices, however, the IMF also noted that a crash of prices posed an economic risk to Israel.

“A correction in the housing market and the associated feedback loops could undermine banks’ asset quality and profitability, and pose financial stability risks, the report said. “Despite progress in addressing concentration, risks concerning the financial viability of some large highly-leveraged corporates (holding companies and real estate and construction firms in particular) remain.”

All in all, the IMF mission found Israel’s economy to be growing moderately, projecting 2014 growth to fall somewhat to 3¼. The greatest risks posed to the economy are external – sluggish growth in the United States and Europe mean less demand for Israeli products abroad.

 

 

http://www.jpost.com/Business/Business-Features/IMF-sees-risk-in-Israels-housing-market-335150

So Why is Your Marketing Failing? | Katonah NY Realtor

Internet marketers everywhere seem to agree that if you don’t have an  audience, you don’t have a future. They argue that if you have to pay for  traffic to make money, you’re not just being wasteful, you really don’t  understand how the social web works, or where marketing is headed in the years  going forward.

Well, I’m going to respectfully disagree. If you ask me, if you want your  business to have a future, one audience isn’t enough. The truth is, the  most resilient businesses are going to need at least two audiences if  they hope to make the most of limited resources to succeed. Maybe that is why  your marketing is failing.

Let me explain.

Meet your two audiences

You don’t know it yet, but you actually already have two audiences. The  problem is, you’re probably alienating at least one of them. Here’s what I’m  talking about:

1. Core audience

These are the people who are completely obsessed with the topic in question.  The live, eat, and breath the stuff you blog about. In fact, some of these  people will know even more about the topic than you do, at least when it  comes to certain aspects of it.

2. Mainstream audience

These people have little or no direct interest in your topic, but they might  have some tangential interest in it. For the most part, the only thing they want  to know is why any of this should matter to them, and if you can’t keep them  entertained, they won’t be hanging around for long.

While your business won’t necessarily die without both of these  audiences, let’s just say that without some appeal to both of them, your use of  resources will be…less than optimal.

Brands that failed to reach both audiences

There’s certainly no shortage of brands or  campaigns that failed because they failed to reach both  audiences.

Coca Cola

Take the whole New Coke fiasco. Contrary to popular belief, most people actually liked the new flavor better. They succeeded at reaching the  mainstream, but they alienated their core audience. This vocal minority  destroyed the new brand, and while they may have ironically strengthened the  classic brand with the whole experiment, New Coke itself was a disaster.

Digg

The same goes for Digg. Those of you who have been in internet marketing for  a while can remember “the Digg effect” and just how powerful it was to have your  site make the front page of the social bookmarking site. But Digg lost  a huge portion of its audience after a site redesign that was aimed at a  more mainstream audience, and eventually lost so much of its traffic that it was  sold and replaced.

Boxee

Brands that fail to reach a mainstream audience don’t fare any better.  Internet TV startup Boxee  was recently sold to Samsung, and is being shut down. Boxee had a strong  core following, but it failed to reach the mainstream due to its steep prices,  as well as too much focus on tech specs and not enough on the user experience,  and an inability to strike up deals with content owners.

When you look at highly successful brands like Apple, PlayStation, or even  Star Wars, you’ll find that they have appeal to rabid fanboys and mainstream  audiences alike.

Is viral marketing a myth?

There’s a very good reason for this, and it has to do with audience growth.  At CrazyEgg, we recently discussed why  viral marketing is a myth, and why customer retention is the true barrier to  growth. Brands with a growing audience must do two things: they must attract new  members and they must keep their old ones.

It’s simple, really.

If you aren’t appealing to a mainstream audience, you aren’t going to get new  visits. If you aren’t appealing to your core audience, you’re not going to keep  your previous visitors.

Core audience is more important than mainstream

Now, I personally believe that your core audience is more important than the  mainstream. Alienate your core audience and you don’t have a brand. Alienate the  mainstream and they’ll probably just forget about you, and possibly rediscover  you. Since staying in business is always more important than growth, I’ll side  with a core following any day.

That said, having both audiences truly is the winning formula, so let’s talk  about how to make that work.

Read more at http://www.jeffbullas.com/2013/12/16/so-why-is-your-marketing-failing/#BorvZExjfGV7kFyG.99

HUGE NEWS: Websites soon to end in .mortgage or .home | Katonah NY Realtor

Imagine coming to this website by simply typing “housing.wire” into your web address bar.

That’s right, no “.com” necessary.

This hugely flexible option for online businesses — as well as other, brand-specific URL endings — is one step closer to reality.

The Internet Corporation for Assigned Names and Numbers recently released more than a thousand potential URL suffixes, a vast increase in the 22 currently in use.

According to law firm Ballard Spahr, which broke the news in its Privacy and Data Security and Intellectual Property Alert, website domain names will start looking dramatically different.

These listings are the first wave of ICANN new generic top-level domain names, or gTLDs, as they are more commonly referred to. Some are already online, and the mortgage-type listings will be available in a matter of months.There is no specific timetable.

“What it means to the mortgage banking industry is they also need to consider their internet security, as well as their trademarks and whether or not they need to defensively register,” said Amy Mushahwar, privacy and data security cousel for Ballard Spahr. “Any internal naming architecture, internal email server with .loans for example, could also create a conflict. They need to take a peek and not only see any names worth registering, but whether any of the thousands of new names could impact their existing digital structure.”

In response to a request from HousingWire, Ballard Spahr pulled a list of housing and banking potential substitutes for .com or .org.

Those examples include, but are not limited to:

.BROKER .CREDIT .CREDITUNION .FINANCE .FINANCIAL .HOME .HOMES .INVESTMENTS .LAND .LEASE .LOAN .LOANS .MORTGAGE .REALESTATE .REALTOR .REALTY

There are also many brand strings available, below are a few examples: .BBT .CAPITALONE .CITI .HSBC Ballard Spahr said it plans to complete a more comprehensive list of potential URL endings in the near term. Companies, and no doubt there will be plenty, looking to cash in on this new option should be warned, however, as risks include adding to consumer confusion.

And that’s not all.

“Issues arising from the complexity of Domain Name System (DNS) expansion, if not fully resolved, could pose security risks and potentially destabilize global Internet operations,” the Ballard Spahr alert stated.

 

 

 

http://www.housingwire.com/blogs/1-rewired/post/28286-huge-news-websites-soon-to-end-in-mortgage-or-home

Floored’s interactive 3-D experiences may represent future of virtual home tours | Katonah NY Homes

Floored aims to transform the way agents communicate space to prospective buyers by replacing static images and constrictive videos with interactive 3-D experiences much like those offered in video games. Using a special scanner and proprietary software, Floored renders photographs and 3-D measurements into interactive models that let users move around spaces virtually, and even manipulate them.

“You can look behind you, you can see what’s around the corner, you can walk in from the front room,” said Floored CEO David Eisenberg.

The startup is steadily attracting more interest from real estate brokers, who Eisenberg said may leverage Floored models to attract more online visitors to listings. Lending credence to his claim, Floored was voted the best real estate tech startup at the Realogy FWD Innovation Summit earlier this year.

Eisenberg is scheduled to discuss the future of home virtual tours with other industry experts at the Real Estate Connect panel “Next-Gen Virtual Tours.”

 

 

 

– See more at: http://www.inman.com/2013/12/11/flooreds-interactive-3d-experiences-may-represent-future-of-virtual-home-tours/?utm_source=20131211&utm_medium=email&utm_campaign=dailyheadlinespm#sthash.mtjzsrln.dpuf

Immigration reform could spur housing recovery | Katonah Real Estate

Immigration reform in America would broaden and accelerate the current housing recovery, in addition to feeding the growth of the economy by adding new, younger workers into the labor force, a report from the Bipartisan Policy Center said.

In a report titled “Immigration Reform: Implications for Growth, Budgets, and Housing,” the policy center argues that immigration reform can produce powerful economic benefits, and for people trying to protect their immigration status in the USA, the use of a lawyer from the Sam Shihab & Associates, LLC is one of the best options for this.

Immigration reform would jump-start the housing recovery by dramatically increasing demand for housing units, growing residential construction spending by an average of $68 billion per year from fiscal year 2014 to 2023, the report said.

The 20-year period includes a peak of more than $110 billion per year in fiscal year 2022 through 2025, with the first decade’s annual average about $56 billion per year higher, and the second decade’s about $81 per year billion higher.

However, if all unauthorized workers were removed, spending would decline by more than $100 billion per year compared with the baseline, or the current projections if no change was made, and more than $175 billion per year compared to the reference case.

http://www.housingwire.com/articles/28250-immigration-reform-could-spur-housing-recovery

Fed Study: Hot Prices in 2013 Promise Better Inventories in 2014 | Katonah Real Estate

This year’s hot price increases could be more important than rising rents, credit availability or even underwater homeowners in freeing up the inventories that stifled hundreds of housing markets last season and kept sales from reaching their potential, according to a new study by two Federal Reserve economists.

Price increases and job growth are more important than buyers’ access to credit, freedom from negative equity, owners’ decisions to wait to achieve greater gains and the loss of large numbers of owner-occupied homes to rentals in a market when it comes to building inventories.

Last season opened with  inventories at near-record lows in February, down by 15.97 percent nationally compared to a year ago and is less than half its peak of 3.1 million units in September 2007.  Inventories increased in 100 out of Realtor.com’s 146 markets and even markets, spurring price increases and seasonal increases in homes for sale.

“Current inventories of homes for sale are low given more than a year of house price appreciation,” concluded the study Fed by economists William Hedberg and John Krainer released recently.  “County-level data suggest that many homeowners are waiting for prices to rise further in their markets. Markets that have seen the strongest house price appreciation and job growth are the ones where for-sale inventories have declined the most.”

The economists analyzed a number of widely discussed causes of the inventory decline beginning with the transformation of about 3.5 million formerly owner occupied homes into rentals since 2007.  “It is impossible to say though whether declining sales are pushing down homeownership rates or falling homeownership is pushing down sales, or both are interacting with each other in a complicated feedback process,” they concluded

Nor could they find strong evidence that homeowners are keeping their homes off the market in hopes prides will continue to rise.  “On balance, counties that experienced relatively large increases in house prices over the past year also experienced relatively large declines in inventories available for sale,” they said.

 

 

http://www.realestateeconomywatch.com/2013/12/fed-study-hot-prices-in-2013-promise-better-inventories-in-2014/

Katonah-Lewisboro School District Is Now Closed For Monday | Katonah NY Homes

KATONAH-LEWISBORO, N.Y. – The Katonah-Lewisboro School District is now closed for Monday after earlier having a two-hour delay as a result of inclement weather.

 

http://bedford.dailyvoice.com/news/katonah-lewisboro-school-district-now-closed-monday