Category Archives: South Salem

August Values Rose in Fewer Local Markets | South Salem NY Homes

Prices increased on a month-over-month basis in 253 of the top 300 markets, fewer than 293 in July, according to Homes.com’s Local Market Index for August.

The downtrend in the number of markets that gain monthly is likely due to both seasonal trends and the state of recovery for these markets. Of the 47 markets that saw declines last month, 40 percent have fully recovered their decline in home prices from the housing bubble, while another 28 percent were found to be unaffected by the boom-bust scenario, illustrating that the weakness is a result of leveling off in home prices.

As a complement to Local Market Index, Homes.com publishes an exclusive Rebound Report, highlighting how the housing recovery process is unfolding across the country. It measures each market’s peak-to-trough decline in index value, which had been attributed to the bursting of the U.S. housing bubble.

Rising home values in the third quarter saw four more top 100 markets reach full recovery. More than a quarter of the top 100 real estate markets have now fully recovered the value they lost in the housing crash. Nearly half of the remaining markets have recovered 50 percent of their lost value, increasing by four markets from the previous month.

Twenty-two midsized markets showed little to no effect from value lost in the 2007 housing bubble and experienced more stable changes in index values. Half of those 22 bubble-proof markets are from Texas, and more than 70 percent are from energy producing states where typical housing boom-bust scenarios did not occur. The remainder of midsized markets showed 51 markets, or 29 percent, with a 100 percent recovery and 94 markets with a 50 percent or more recovery.

“We found the effects of the housing boom-bust lingering in some areas because of the instability they suffered and the long, steep price slope needed for rebound.  While these particular markets are improving somewhat, higher rates of negative equity increase risk of foreclosure and can lock move-up buyers-who are also sellers-out of the marketplace, thus slowing overall recovery in certain local areas. Yet other markets that did not experience the bursting bubble to the same degree are in a better position to take full advantage of the recovery.  Their prices are appreciating faster, and they are rebounding earlier,” said Brock MacLean, executive vice president of Homes.com.  “The important thing to realize is that all markets are in some form of recovery, and different factors contribute to recovery scenarios across the country.  With data from the top 300 markets, the Homes.com Local Market Index and Rebound Report analyze trends in local communities where millions of Americans live-key trends missed by other real estate reports.”

 

http://www.realestateeconomywatch.com/2013/10/6784/

 

Free FICO credit scores offered to millions | South Salem Real Estate

Millions of credit card customers of Barclaycard US, the payments business of Barclays in the U.S., and First Bankcard, the credit card division of First National Bank of Omaha, can now access their FICO credit scores for free.

The two banks are the first to participate in the FICO Open Access Program, which in addition to offering free FICO Scores, allows customers to see the two most important factors affecting their score and provides them with FICO educational materials to help them better understand credit scoring and what behaviors impact their FICO Score. The program is open to all consumer lenders, including mortgage lenders.

“This new program provides individuals with the specific FICO Score used by lenders to make credit decisions regarding an individual customer,” said James Wehmann, executive vice president of scores at FICO, in a statement.

“In 2012 approximately 10 billion FICO Scores were bought by lenders for risk management purposes, and we are prepared to allow all of them to be shared with bank customers without any additional score fee charged by FICO to lenders.”

FICO expects more than 25 million Americans to have access through the program within 12 months.

Source: FICO

– See more at: http://www.inman.com/wire/free-fico-credit-scores-offered-to-millions/#sthash.mMbN7TKy.dpuf

Gruesome incidents may not be disclosed to homebuyers | South Salem NY Real Estate

Halloween is upon us and some house hunters out there may be wondering what spooky things have occurred in the homes they’re eyeing. Tales of haunted real estate abound at this time of year, and they are often tied to a particularly traumatic incident in a home’s history. But the reality is that most prospective buyers may not find out about any such incident unless they ask.

In most states, a murder, suicide or other violent crime occurring in a home does not have to be disclosed, Walt Molony, spokesman for the National Association of Realtors, told USA Today.

Most lawmakers agree the psychological damage of such an incident in a home would not be a material defect that should be required to be disclosed to buyers, the paper said.

But at least one case is heading to a state supreme court next month. In 2007, Pennsylvania homeowner Janet Milliken found out her home, purchased the year before, had been the scene of a murder-suicide after experiencing several disturbing incidents in the home, including the sound of a gun clicking.

She filed suit against the former owner of the house and the real estate agents involved in the deal, alleging fraud and breach of the state’s real-estate disclosure law.

Source: USA Today

– See more at: http://www.inman.com/wire/gruesome-incidents-may-not-be-disclosed-to-homebuyers/#sthash.CgJAr5ol.dpuf

Why Home Sales Fell Last Month | South Salem NY Real Estate

Home sales fell significantly from August to September, and real estate industry experts are pointing to higher interest rates and skittish consumer sentiment for the decline.

The National Association of Realtors is out with data this week showing its benchmark Pending Home Sales Index fell from 107.6 in August to 101.6 in September.

The NAR says that “higher mortgage rate and higher mortgage prices curbed buying power” in September, and the lead-up to the federal government debt standoff Oct. 1 didn’t help matters, either.

“Declining housing affordability conditions are likely responsible for the bulk of reduced contract activity,” says Lawrence Yun, the NAR’s chief economist. “In addition, government and contract workers were on the sidelines with growing insecurity over lawmakers’ inability to agree on a budget. A broader hit on consumer confidence from general uncertainty also curbs major expenditures such as home purchases.”

Yun is fairly bearish on sales of existing homes, although residential home prices should weather the storm – at least for the next 60 to 90 days or so.

Overall, he says, pending home sales are at a 2.5 year low on a year-to-year basis. And that’s a troubling sign for the near-term future on home sales.

“This tells us to expect lower home sales for the fourth quarter, with a flat trend going into 2014,” Yun says. “Even so, ongoing inventory shortages will continue to lift home prices, though at a slower single-digit growth rate next year.”

One factor that could derail that prediction are U.S. mortgage rates, which fell last week. According to the BankingMyWay Weekly Mortgage Rate Tracker, the average 30-year fixed mortgage rate fell from 4.37% to 4.26%. Those numbers are roughly supported by Freddie Mac, which has 30-year rates falling from 4.57% in early September to 4.13% in late October.

Historically, lower mortgage rates lead to stronger home sales, not weaker home sales.

But in a residential home sales market with myriad moving parts, lower interest rates alone — if they remain low, which is no guarantee — may not be enough to propel the housing market forward. A stronger jobs picture, more robust consumer sentiment and some stabilization among warring political factions in Washington, D.C., would all also have to round into form to keep home sales churning.

That may still happen, but after some solid numbers coming out of the real estate market (see here and here), the NAR report is a sobering one for the real estate market.

 

 

http://www.thestreet.com/story/12087307/1/why-home-sales-fell-last-month.html?puc=yahoo&cm_ven=YAHOO

Dropping Knowledge: When is the Best Time to Sell a Place? | South Salem Real Estate

Welcome to Dropping Knowledge, a new video series in which we offer pieces of advice—one-minute or less—from experts in the world of real estate and architecture. Our first guest, well-known to Curbed readers, is the one and only Jonathan Miller, who will teach us about apartment values and the market. Want to nominate a future guest? Let us know.

 

Appraiser, graph guru, and Three Cents Worth columnist Jonathan Miller is a source of much wisdom regarding the real estate market, so he was a natural first choice for Dropping Knowledge, a new video series featuring answers to common market questions. Today, JMillz answers a frequent market query: when is the best time to sell your apartment? Have questions you’d like answered in future videos? Please leave them in comments or via the tipline. · Three Cents Worth archive [Curbed] · Curbed Moving Pictures archive [Curbed]

 

 

http://ny.curbed.com/archives/2013/10/08/dropping_knowledge_when_is_the_best_time_to_sell_a_place.php

Westchester County Executive Candidate Debate Moved To Larger Venue | South Salem Real Estate

The county executive debate between incumbent Rob Astorino (R) and New Rochelle Mayor Noam Bramson (D) is set to attract a large crowd and officials are changing the venue to accommodate.

The debate, hosted by the Westchester County Association, is being moved to the Atrium at 1133 Westchester Avenue in White Plains, officials said. The debate is set to begin at 5:30 p.m. Wednesday, Oct. 16 and will feature Astorino and Bramson as well as moderator Steve Scott, host of WCBS 880’s “Eye on Politics.”

“Due to overwhelming demand, we’ve moved the Candidate Debate hosted by the Westchester County Association to a larger venue,” representatives said in the release. “The results of this hotly contested race will have far-reaching implications for Westchester, New York and beyond; this is an opportunity for the business community and general public to get up to speed on the candidates’ positions and initiatives that will drive economic development in the region.”

The Astorino-Bramson debate is also sponsored by the Building Contractors Association of Westchester and Mid-Hudson Valley, the Construction Industry Council of Westchester and Hudson Valley and the RPW Group, according to the release.

 

The Oct. 16 debate between incumbent County Executive Rob Astorino and New Rochelle mayor Noam Bramson has been moved to a larger venue. Photo Credit: Suzanne Samin, File Photo

 

 

 

The Bay Window Goes Modern | South Salem NY Real Estate

When modern and contemporary architecture “abandon” traditional architectural elements in favor of new forms, one of the elements left behind is the bay window. Yet if we think of these elements as reinterpretations of traditions in architecture rather than abandonments (columns, for example, are turned into skinny pilotis without details like capitals), then the idea of the bay window is alive and well, if less used than it should be.
Here you’ll find six examples that show the benefits of modern answers to bay windows — increased area, light and seating capacity — and the various means of expressing the idea in modern houses and in modern renovations of old houses.

However, we got our window blinds & shades at Affordable Blinds and we could not be more impressed.

This addition to a ranch house looks like the end of a square tube that runs from front to back, with large windows on each side. The front picture window is partially frosted to maintain privacy. In case that you need tile chip repair this company is the best reviewed one online.
Here we are looking toward the front window from the kitchen before it was furnished. Only one thin strip of glass is clear; the adjacent pieces are translucent. Adding cushions to the bay would make it a great window seat; one could peek outside through the vertical strip or just enjoy the light coming in through the painting-like panes of color.
Like the front window, the back window projects from the house, cantilevered a foot or two above the ground. But unlike on the the front, all the glass here is clear, and the area inside is an extension of the floor, giving more space for seating near the kitchen.
This house on New York’s Long Island has a fair amount of ins and outs on its exterior. I’m drawn to the tall portion facing right.
A view from the side reveals a tall bay window adjacent to a section of curtain wall set back from the stone facade. A stair can be seen below the large bay window.
It turns out the bay window is actually an extension of the stair landing. The Eames Lounge Chair in the previous photo indicates that this space is ideal for sitting, relaxing and enjoying the view.

10 Brands with Great Google Plus Pages | South Salem NY Real Estate

Google+ has risen astronomically since it was launched in 2011. It overtook  social media giant Twitter in January 2013, and is now second only to Facebook  in popularity. With over 700 million registered users, companies have a lot to gain  by maintaining a page on the service. However, some Google+ pages are more  popular than others.

Take a look at this list of 10 brands with great Google plus pages, and get  some tips, ideas and insights for your own business.

#1. Toyota

Toyota has an excellent Google+ page. They share industry news, inspirational  photos and innovative concepts with their followers, and update their page  regularly. However, it’s the ‘Toyota Collaborator’ feature which really  stands out. Using Google+ Hangouts,

  • Users can invite friends to help them design and customise their new  Toyota
  • Up to five people can collaborate on the project, changing paint colours and  wheel rims, discussing the options, and rotating the car to view it from  different angles
  • The interior of the car can be viewed through eye-tracking
  • The finished car can be taken for a virtual test drive on Google Maps

Toyota Google+ page

Source

#2. Cadbury

The layout of a Google+ page – wide and open – lends itself particularly well  to visual content. Pages which recognise this tend to do better than those which  rely solely on text. Cadbury has capitalised on this, ensuring that their page  is full of large, bright, attractive images. Scrolling down the page reveals  striking pictures of their various products, delicious-looking cakes and  biscuits, and lashings of the distinctive Cadbury purple.

Cadbury Google+ page

Source

#3. Hugo Boss

As a high-end fashion retailer, Hugo Boss are experts in visual design.  They’ve carried the clean lines and defined colours of their clothing to their  Google+ page, which reads like the pages of a glossy magazine. The page isn’t an  advert for the brand so much as an aspirational luxury lifestyle guide – and as  a result has gained a large number of followers.

Hugo Boss Google+ page

Source

#4. H&M

H&M, another fashion brand, take a slightly different approach to their  Google+ page. They operate in a different market to Hugo Boss, targeting a  younger generation in search of affordable, throwaway fashion. Along with  product pictures and photography, there are also ‘behind the scenes’ posts about  recent photo shoots, video interviews with famous designers, and guides to  upcoming fashion trends.

H and M Google+ page

Source

#5. Virgin

The ‘80/20’ rule dictates that only 20% of a company’s posts on social media  should actually be about the products it sells. Virgin has embraced this advice  fully, as it fits in with the brand’s lifestyle image. Building on Richard  Branson’s charismatic brand of entrepreneurialism, Virgin’s Google+ page offers  followers a mix of inspirational posts, interviews and debates. Part of the  page’s popularity inevitably lies with having Richard Branson as a CEO, but the  80/20 rule also plays a large role.

 

 

 

Read more at http://www.jeffbullas.com/2013/10/18/10-brands-with-great-google-plus-pages/#cGwk67ZjJMyqbpCk.99

When Mother Nature Meets Your Modern Nature | South Salem Real Estate

Much like cooking, mixing interior styles can create new and interesting flavors. Consider mixing modern detailing with cabin style. The result is a warm, clean design that allows occupants to focus on the interior architecture and the exterior views.
Mixing two aesthetics that seem counterintuitive can result in a fresh look. The key is highlighting the best attributes from both styles in a way that blends naturally. Here are a few key details that create this unexpected aesthetic.

Live edge slab table. Furniture selection plays a big part in the modern cabin mix. A slab of a fallen tree with its edge left natural sets the tone perfectly. Warm and rustic, this table is also modern because of its simple form.
Modern lighting. Consider modern lighting selections against the warmth of wood. Glass, pewter and iron are great contrasting materials.
Highlight floor-to-ceiling views. The glory of a cabin is the surrounding landscape. Highlight towering pines with a modern-style floor-to-ceiling window. Consider a modern window free of mullions and casings, and let the pines add the rustic half of the equation.
Stair rail with attitude. Add modern elements of metal, iron or steel cable on a stair rail. Cabins often have double-height great rooms with a focal stair rail. Use this opportunity to mix in some modern detailing.
Repeat horizontal lines. A horizontal orientation of materials will translate modern or transitional. Horizontal lines featured within rustic elements like concrete or wood siding is an eye-catching contrast.
Textured neutrals. Consider all of the texture from rustic wood details in cabinets, beams and flooring. Now layer that look with neutral finishes like concrete countertops and several shades of gray for a perfect modern cabin mix.
Full-height fireplace. There is nothing quite like a warm fire in a cabin on a snowy night — even better a fire in a mountain thunderstorm. Add modern drama with a full-height fireplace. Modern and rustic material selections for a fireplace could be copper, natural stone or stainless steel.
Lighten up. Yes, wood beams and siding can be lightened up. Create a clean and modern aesthetic with a lighter, monochromatic palette. Consider whitewashing or a light stain on beams and siding with pale walls.

7 Content Marketing Tips: Your Audience Attention Cheat Sheet | South Salem NY Realtor

I won’t lie: content marketing is hard. But  most of us make it harder than it needs to be. We  pour energy and resources into minute gains, instead of focusing our attention  on the simple changes that make a huge difference.

Today, I’d like to talk about 7 content marketing tips that will get you so  much more with so much less. It’s about working smarter, not harder.

Let’s get going.

#1. Start with the headline

Most content marketers and bloggers start with a post idea, write it up, and  then try to come up with a viral headline that will blow people away. This is  all backward.

Think about it:

  • People don’t read blog posts because they know the blog post is going to be  good. They read blog posts because the title catches their attention.
  • Blog posts don’t go viral, headlines do. It’s the headline that people share  on Facebook. It’s the headline that people talk about at the water cooler.  Complex ideas do not go viral. Viral ideas are simple, yet impactful.
  • Headlines set the expectation for the rest of the article. If you put the  blog post first, only to realize that the idea can’t be summed up into a viral  headline, you either settle for a crummy headline, or you write up a misleading  one.

The secret to writing headlines

The importance of a headline for content marketing

What’s the secret to writing headlines that people just can’t ignore? Well,  there are two ways to approach this:

  1. Copy headline structures that work
  2. Use the basic principles of viral attention

I would advise doing both.

That first one can mess people up, so let me explain. How many times have you  seen a title that went something like: “[X] Things Your [Trusted Person] Will  Never Tell You” or “[X] [Subject] Mistakes You Never Realized You Were  Making?”

Those look familiar, don’t they?

Headline hacks

Well, pick up a copy of Jon Morrow’s Headline Hacks (it’s free) and prepare to be  amazed. Pretty much every viral headline you’ve seen has been in circulation for  at least half a century, with a little bit of updated language and a healthy  dose of mad libs to keep things current.

I strongly advise you to take a look at the most viral headlines on the web.  Just copy the headline, and swap out a few words to make it relevant to your  industry. If there is only one thing you do to improve your headlines, (not to  mention your entire content marketing strategy) do this.

Trust me, those very headlines have been written thousands of times before.  Nobody is going to care.

6 principles of content that goes viral

Now that we’ve got that out of the way, I’d like to address a few basic  principles of viral attention that are going to keep coming up throughout this  post. First, Dr. Jonah Berger’s 6 principles of viral sharing:

  1. Social Currency – People only share things because it helps them improve or  maintain their social standing. It doesn’t matter how much we love a piece of  content. We won’t share it if doing so doesn’t help our relationships or help us  define who we are to other people.
  2. Triggers – Context and associations shape how likely we are to share  something. Votes held in churches are more likely to be for conservative  politicians. Think of peanut butter and you’ll probably think of jelly. Play  French music in a grocery store and people will be more likely to buy French  wine.
  3. Emotions – Intense emotions like fear, anger, humor, and awe beg to be  shared. Disaffecting emotions, like sadness, do not. Of all emotions, awe is the  most powerful. When we learn something new, or learn to see it in a different  way, we are compelled to share the experience more than anything else. Humor  takes the silver medal, which is of course closely related to surprise, which  is closely related to awe.
  4. Public – This is about our inherent trust in the wisdom of the crowd. If  others have taken an action, we are more likely to follow them, especially if it  seems to be a crowd of like-minded people. In other words, it takes a seed of  sharing activity for something to go viral.
  5. Practical – Content marketers already know this one. Actionable content begs  to be shared.
  6. Stories – Humans are hard-wired to listen to and tell stories. Stories are  about facing struggles and solving problems. They are purposeful, not merely  descriptive. There is a reason why most people will say “what was the point?” to  a Cohen brothers’ film. When we listen to stories, we expect people to struggle  with problems and either succeed or fail tragically. We don’t expect a series of  purposeless events.

 

 

Read more at http://www.jeffbullas.com/2013/10/11/7-content-marketing-tips-your-audience-attention-cheat-sheet/#3IHq282PmgLXoCFP.99