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Soaring Rates Spook Sellers | Chappaqua Real Estate

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Nearly half of all sellers in a recent survey are worried that rising mortgage rates will tank buyer demand, a doubling of concern since the first quarter.

Some 47 percent of sellers now are concerned that rising rates would cause a decrease in buyer demand, up from 23 percent in the second quarter, though 32 percent said they had no major concerns about selling.

“Of course home sellers are worried about interest rates, but the reality is that many buyers believe that rates will continue to go up,” said Los Angeles real estate agent Eric Tan. “They know if they don’t move now, they might be kicking themselves all over again in three months.”

Despite increasing concerns over interest rates, 48 percent of sellers believe now is still a good time to sell, up from 45 percent in the second quarter. Interestingly, belief that now is a good time to buy was up one percent from last quarter. Although slight, this increase in buying confidence is the first in more than a year.

However, only 17 percent of respondents believe that home prices will rise “a lot” in their area in the next 12 months, up from 15 percent in the second quarter; 85 percent of respondents believe that home prices will rise in their area in the next 12 months, unchanged from last quarter.

“Results from our seller survey point to growing confidence in the US economy, and recognition that broad economic gains could erode sellers’ advantages in the housing market as mortgage rates rise,” explained Redfin economist Ellen Haberle.

The survey, by Redfin, was based on responses from 1,448 homeowners across the U.S. who had used Redfin in the last three months. Data was collected from July 19 through 21.

Nearly half of all sellers in a recent survey are worried that rising mortgage rates will tank buyer demand, a doubling of concern since the first quarter.

Some 47 percent of sellers now are concerned that rising rates would cause a decrease in buyer demand, up from 23 percent in the second quarter, though 32 percent said they had no major concerns about selling.

 

 

Soaring Rates Spook Sellers | RealEstateEconomyWatch.com.

Housing mini bubble begins to deflate | Chappaqua Real Estate

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Swimming in tax foreclosures, Michigan’s Wayne Countytreasury office is planning to bundle hundreds of dilapidated tax foreclosure properties into one package at its fall auctions, reported Crain’s Detroit Business.

In the past, the treasurer’s office has experimented with bundling for cases such as subdivision projects that fell apart. This would be the first time the county has bundled so many properties, however.

The bundling is part of a strategy to best position the properties for the future. The idea is to make the bundle appear so unappealing that the properties don’t sell. Many of the properties have dilapidated structures that should be demolished, said the chief deputy treasurer, Dave Szymanski.

The number of bundled properties could be as little as 400 or as high as 1,000. Solitary dilapidated structures that sit in an otherwise solid block of residents would be at the top of the list, as opposed to several dilapidated structures in a largely vacant block.

 

 

Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » Housing mini bubble begins to deflate | Chappaqua Real Estate.

Potential Parking Solutions Tops This Week’s Chappaqua News | Chappaqua Homes

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Here are some of the top stories this week in Chappaqua.

  • The New Castle Town Board recently held a work session to discuss how to accommodate both merchants and customers in downtown Chappaqua. This year, the town waived the $150 annual fee for merchant parking permits, and allowed businesses seven spaces for free.
  • Author and Chappaqua resident Suna Senman announced she will kick off a tour to promote her new book, “Peace: Discovering Life’s Harmony Through Relationships,” at 7 p.m. Aug. 8 at the Khader Center in Mount Kisco.
  • The Chappaqua Swim Team won its fourth straightNorthern Westchester Swimming Conference Division 1 dual meet with a 279-238 victory Birchwood.

 

 

Potential Parking Solutions Tops This Week’s Chappaqua News | The Chappaqua Daily Voice.

Social Media Marketing Tool Box: 62 Tips | Chappaqua Realtor

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Social media marketing is moving from its exciting adolescent phase to a more mature grownup status.Social Media Marketing Tool Box: 62 Tips and Tactics

Online social media obsession driven by social web hormones and testosterone that drove social networks to hyperactivity are being replaced by tried and now proven activities and mature business processes. Digital marketing responsibility is now in the driving seat.

The dreaded phrase “what is the return on investment” is now seen as a conversation that needs to happen.

The dinner party conversations are no longer about Facebook or Twitter. An announcement about Instagram providing 15 second videos barely makes a ripple in the blogosphere. Social media is now part of the woodwork and is embedded in the web.

The after work and cocktail bar chats are now about when you are commencing a start up, designing your online store or launching an app.

Sexy to staid

Despite its move from sexy to staid and impending “ho hum” status, social media is embedded and integrated into almost all digital and even traditional marketing activities.

Learning to use social media effectively is now essential and required if you aren’t going to be “disrupted” by your competitors and fast growing start-ups.

So let’s look at it in context in the digital marketing ecosystem, consider core essentials and tips and tactics. These will help you get started and also optimize your current social media marketing activities.

Earned and paid

The initial attraction of social media beyond connection and engagement was that is was “free”. Social networks allowed anyone to publish and market for free with ease.

Search engines also provide this advantage and being found on Google can be done two ways.

Earned search

Earn the right to appear on page one of a search engine with optimized content and search engine optimization and it can make a large difference to your sales and inquiries. The clicks from earned search sits at around 75% of all search engine result page clicks.

This is called organic SEO (Search Engine Optimization)

Paid Search

Now let’s quickly cover how to pay for appearing on the first page of Google

Google AdWords allows you to accelerate your brand discovery and click-throughs by paying to appear on page one for selected keywords and phrases. Stop the campaign and the traffic no longer turns up to your website or landing page.

It all comes down to measuring whether paying produces a positive return on investment. Spend a dollar and get a profit of two dollars means that it is an activity worth pursuing despite the cost.

Social media marketing is following the same route.


Read more at http://www.jeffbullas.com/2013/07/29/social-media-marketing-tool-box-62-tips-and-tactics/#LfJf7urcf0Ejgkvt.99 

 

 

Social Media Marketing Tool Box: 62 Tips – Jeffbullas’s Blog.

Home Prices Post Another Big Gain In May, Best Boost Since 2006 | Chappaqua Homes

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U.S. home prices posted their best year-over-year gain since March 2006 in May, according to the latest reading from the S&P/Case-Shiller indexes.

Each of the 20 cities that make up the 20-city composite index posted annual and sequential gains, paced by the Southwest and West. San Francisco posted a 24.5% seasonally-adjusted gain over the prior year, followed by Las Vegas’ 23.3% gain and Phoenix’s 20.6% gain. New York posted the weakest annual gain, up 3.3%.

 

 

Home Prices Post Another Big Gain In May, Best Boost Since 2006 – Forbes.

Real estate market in Hampden, Hampshire and Franklin counties continues growth | Chappaqua NY Homes

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More than $987.7 million was spent on real estate in Hampden County from July 2012 until the end of last month, a 2.1 percent increase from the prior year and another sign of a improving real estate market, according to Donald E. Ashe, Hampden County register of deeds.

The total amount spent on real estate in Hampden County in the previous fiscal year July 2011 to June 2012 was $967.2 million, according to data released Wednesday by Ashe.

“The real estate market is getting better,” Ashe said. “But it is slow, hampered by persistent unemployment.”

In neighboring Hampshire County, the total spend on real estate was $498 million, according to the registry office there. That’s up 2 percent from $488.3 million in the previous fiscal year.

In Franklin County, the total was $160.9 million, that’s down 1.7 percent from $163.7 million last year but up from $150.4 million in the 2010-11 fiscal year.

Ashe said the figures are based on the total consideration paid for all real estate, including homes, commercial properties and vacant land.

Hampden County is still a long way from the go-go days of the real estate boom. Before 2011, the amount spent on real estate hadn’t been less than $1 billion for a fiscal year since 2005. It was $1.128 billion in fiscal 2010, and $1.085 billion in fiscal 2009.

 

 

Real estate market in Hampden, Hampshire and Franklin counties continues growth | masslive.com.

Ryan Reynolds Relists Hollywood Hills Home | Chappaqua Real Estate

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Third time is the charm, at least that is what Ryan Reynolds is hoping. The actor has stuck his Hollywood Hills home on the market for the third time and at a lower price of $1.599 million, and perhaps this time the residence will attract a buyer.

Reynolds bought the home in the celebrity-entrenched neighborhood of Outpost Estates for $1.715 million before his marriage to actress Scarlett Johansson. The two didn’t live there but in the mid-century “Wong House,” which they sold after divorcing for $3.5 million. While Reynolds and Johansson were married, Reynolds tried to sell the home, first listing it in 2009 — not the hottest year for real estate. Reynolds ended up couching the listing until 2011, relisting the home with a sticker of $1.69 million.

Then life got busy for Reynolds: He quietly married another beautiful starlet, Blake Lively, and delisted the home. The two have a home in Bedford, NY, and Reynolds is trying again to dump his former place at 2416 Carman Crest Dr, Los Angeles, CA 90068.

With just 2 bedrooms and 2.5 baths, the home is not a typical over-the-top celeb estate. Measuring only 1,789 square feet, the home does have upgrades, including hardwood floors, solar heating, a tank-less water heater and private, landscaped garden.

The listing is held by Annie Challis of Keller Williams Beverly Hills Realty.

 

 

Ryan Reynolds Relists Hollywood Hills Home | Zillow Blog.

Weeklong Heat wave Tops Chappaqua News | Chappaqua Real Estate

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CHAPPAQUA, N.Y. — Here are some of the top stories from this past week in Chappaqua:

 

Weeklong Heat wave Tops Chappaqua News | The Chappaqua Daily Voice.

Power Outages Hitting White Plains, More Possible | Chappaqua Real Estate

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Scarsdale Village officials notified residents Friday that Con Edison reported a power outage Thursday night and more blackouts are possible.

“The Con Ed sub-station located off Tompkins Road near the Public Safety Building, is not functioning as designed and is causing periodic outages in the north end of Fox Meadow and the Greenacres neighborhoods as well as a portion of White Plains (800-900 customers),” John D. Goodwin of the village manager’s office said in an email to residents. “The sub-station is designed to operate so that if a main feeder line is lost the sub-station trips to an alternate line or back-up line.  The problem is that when the feeder line is lost due to the current excessive heat issues, the sub-station is “over-tripping” breaking the whole system down resulting in power loss to the resident.”

Goodwin said the system has been fixing itself over a two to four hour time period, though the problem is re-occurring.

“Con Edison engineers are working on a permanent solution. In the meantime, Con Ed has made some temporary changes to the sub-station to prevent over-tripping and, as a back-up, has a generator in the area in case the sub-station fails again prior to a permanent solution,” he said.

 

 

Power Outages Hitting White Plains, More Possible | The White Plains Daily Voice.

Real estate horror continues with ‘zombie foreclosures’ | Chappaqua NY Real Estate

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Joseph Keller doesn’t expect he’ll live to see the end of 2013. He blames the three story house at 190 Avondale Avenue.

Five years ago, Keller, 10 months behind on his mortgage payments, received notice of a foreclosure judgment from JP Morgan Chase. In a few weeks, the house would be put up for auction at a sheriff’s sale.

The 58-year-old former social worker and his wife, Jennifer, packed up their home and moved. Joseph thought he would never have anything to do with the house again. And for about a year, he didn’t. Then it started to stalk him.

He had become caught up in a little-known horror of the U.S. housing bust: the zombie title. Six years in, thousands of homeowners are finding themselves legally liable for houses they didn’t know they still owned after banks decided it wasn’t worth their while to complete foreclosures on them. With impunity, banks have been walking away from foreclosures much the way some homeowners walked away from their mortgages when the housing market first crashed.

First, in 2010, the county sued Keller because the house, already picked clean by scavengers, was in a shambles, its hanging gutters and collapsed garage in violation of local housing code. Then the tax collector started sending Keller notices about mounting back taxes, sewer fees and bills for weed and waste removal. And last year, Chase’s debt collector began pressing Keller to pay his mortgage, which had swollen, with penalties and fees, from $62,100.27 to $84,194.69.

The worst news came last January, when the Social Security Administration rejected Keller’s application for disability benefits; the “asset” on Avondale Avenue rendered him ineligible. Keller’s medical problems include advanced liver disease, hepatitis C and inactive tuberculosis. Without disability coverage, he can’t get the liver transplant he needs to stay alive.

Real estate Foreclosure: Joseph Keller and his wife Jennifer stand on the porch of their abandoned house in Columbus, Ohio, September 30, 2012. IMAGE

 

 

Real estate horror continues with ‘zombie foreclosures’.