Tag Archives: Katonah Real Estate

Katonah Real Estate

Caramoor In Katonah Celebrates Verdi’s Bicentennial Saturday | Katonah Real Estate

Caramoor Summer Music Festival and Bel Canto at Caramoor will present a celebration of Giuseppe Verdi’s bicentennial on Saturday at 7:30 p.m.

“Verdi in Paris” highlights the influence the composer’s  time in Paris had on his music. The composer’s long association with the city yielded some of his most significant contributions to opera.

Will Crutchfield, Caramoor’s director of opera, will lead the Orchestra of St. Luke’s in two of the composer’s grand operas composed explicitly for the Paris Opera – “Les vêpres siciliennes” and “Don Carlos” – in their original language.

This semi-staged concert performance will be preceded by lectures and recitals in the Spanish Courtyard.

To order tickets, call the box office at 914-232-1252 or visit www.caramoor.org. 

 

Caramoor In Katonah Celebrates Verdi’s Bicentennial Saturday | The Armonk Daily Voice.

Report: Push for homeownership society causes unemployment | Katonah Real Estate

It may seem counterintuitive, but apparently a new study from leading economists David Blanchflower with Dartmouth’s Department of Economics and Andrew Oswald with the University of Warwick claims increases in U.S. homeownership actually lead to higher levels of unemployment.

This suggestion counters the notion that increased homeownership activity is healthy for the economy, so take it with a grain of salt.

The report, which is available here, was covered on CNBC with the news agency saying the era of building an ‘ownership society’ is now blamed for causing less social mobility and employment options.

Blanchflower and Oswald claim upticks in homeownership lead to lower levels of labor mobility, greater commute times and fewer new businesses.

These issues eventually contributed to fewer employment opportunities, they suggest.

With homeownership-centric areas having more zoning restrictions and fewer businesses coming in, an economic stall is the potential end result, the study suggests.

“Our argument is not that owners themselves are disproportionately unemployed. The evidence suggests, instead, that the housing market can produce negative ‘externalities’ upon the labor market. The time lags are long. That gradualness may explain why these important patterns are so little-known,” the economists write.

CNBC covered the report Friday.

 

Report: Push for homeownership society causes unemployment | REwired.

Houses with solar features rise in popularity | Katonah NY Real Estate

Sales of new production homes with rooftop solar power systems nearly doubled from 2011 to 2012, suggesting homebuyers are searching for ways to control monthly electricity costs, the California Solar Initiative said.

 

In California last year, an estimated 4,000 new production solar homes were built, 10 times the number built seven years ago during the housing construction boom, said homebuilder KB Home ($20.19 0%) in a press release.

 

SunPower Corp. ($18.47 0%) expects growth to continue, with more than 20% of new production homes being solar powered this year.

 

Putting even more power behind that statement, SunPower announced Wednesday that it will install its 10,000th high efficiency solar power system on a new production home.

 

SunPower will add an upgraded solar power system on the house as well for the home’s soon-to-be owners, Justin Levine and Bethany Rutstein, who are soon to be married.

 

“When you’re watching our monthly expenses carefully, choosing a home with solar is a no-brainer. We chose to build our new solar-powered home with KB Home because we were able to personalize nearly every aspect of our new home, including its energy efficiency through a process KB calls Built to Order,” said Rutstein.

 

“KB Home has partnered with SunPower to build more than 1,500 solar homes across the country, and we see very high levels of satisfaction with our solar homeowners,” said Steve Ruffner, president of KB Home.

 

Houses with solar features rise in popularity | HousingWire.

‘Underwater’ Homes Drag Sales Rate Down | Katonah NY Homes

Why are home prices rising? One reason: a shortage of homes for sale.

But how can that be? After years of poor sales, shouldn’t there be a flood of potential sellers rushing to market as conditions improve?

That seems logical, but a study by Zillow , the housing and mortgage data firm, sheds light on a big part of the problem: the “effective” rate of underwater homes. Underwater means the mortgage borrower owes more than the home can fetch in a sale. To sell, the homeowner must come up with other money to make up the difference and retire the old loan. Many people just don’t have that much sitting around, or if they do they can’t bring themselves to tap their college or retirement funds.

Zillow says that at the end of the first quarter 25.4% of all homeowners with mortgages were underwater. On top of that 18.2% had less than 20% equity, meaning the mortgage balance exceeded 80% of the home’s value. Together, these two categories create an effective underwater rate of 43.6% – 22.3 million homes.

“These homeowners likely cannot afford a down payment for a new home, tying them to their current homes and contributing to inventory shortages,” Zillow says.

 

‘Underwater’ Homes Drag Sales Rate Down – Yahoo! Finance.

Teens & Facebook Relationship Status: It’s Complicated | Katonah Realtor

 

Teens & Facebook Relationship Status: It's Complicated

Don’t believe the hype. Teens are not abandoning Facebook – nor are they likely to leave anytime soon.

Like the once bittersweet, respectful and sometimes resentful interactions between Steve Jobs and Bill Gates, so is the prickly, contentious and mutually beneficial relationship between teens and Facebook. It’s complicated, yes, but teens and Facebook – despite what you’ve heard – are practically joined at the hip.

I Hate You! I Hate You! Can I Borrow the Car?

Facebook would be wise not to ignore teen’s complaints regarding the service – complaints that span peer pressure, image, prying parents, privacy settings, advertising and access. Nonetheless, for teens, Facebook has become a pillar of daily life, like school and parents.

A recent Pew Research report on teens and social media launched the blogosphere into a giddy, frenzied panic. Teens are “abandoning” Facebook, several sites claimed. This is false – likely the result of a limited reading of the report’s data and a too-eager willingness to parrot an Associated Press report which stated that “teens are migrating to Twitter.”

Twitter is booming as a social media destination for teenagers who complain about too many adults and too much drama on Facebook.

Such statements were based less on Pew’s actual survey data, however, and more on cherry-picking responses from Pew’s supplemental focus group sessions. In particular, the media chose to focus their attention on two very small open-ended online discussions that Pew conducted: one with 11 middle schoolers and the other with nine high schoolers. 

Here are the facts: nearly every teen in the U.S. is online and the vast majority of them are on Facebook – first and foremost. Nothing else is close. Indeed, the very same teen focus group complaints likely only reveal the pre-eminence of Facebook in teenager’s lives.

What Are You Doing? Nothing.

Fully 95% of American teens are online and of those who use anyform of social media, an incredible 94% have a Facebook account – a slight increase from 93% in 2011.

Teens aren’t simply signing up for a Facebook account, of course. The data show that teens rely upon Facebook in numbers radically higher than any other social media platform, including Twitter. Note also that Google’s much promoted Google Plus registers at only 1% as teens’ preferred choice.

I’m In Charge

Two primary reasons many analysts claim teens will abandon Facebook is because of the site’s confusing privacy policies and, possibly more concerning, the fact that teens’ parents can see everything they post. In fact, neither of these are much of a concern.

Pew’s data shows that nearly 90% of teens say Facebook’s privacy settings are either “not difficult at all” to manage or “not too difficult.” A surprisingly high 61% of teens have reviewed their Facebook privacy settings within the prior month of the survey – and nearly 80% of teens within the prior year.

Turns out, the granularity of Facebook controls are welcome. For example, 60% of teens keep their Facebook profile “private” – restricted to approved friends and family access. Further, only 16% choose to have their location automatically included in their updates. Teens are in control of their Facebook profile. Twitter, by contrast, is more likely to be viewed as fully “public” by teens.

With respect to mom and dad seeing what’s on their profile, that also isn’t much of a concern. Only 5% of teens “limit what their parents can see” on Facebook.

The vast majority of teen Facebook users say that their parents and other adults see the same content and updates that all of their friends see, suggesting that having multiple Facebook accounts is not a common practice.

Teens & Facebook Relationship Status: It’s Complicated – ReadWrite.

All-cash buyers winning the war in Calif.’s booming housing market | Katonah Real Estate

One place the housing market is booming is in San Francisco.

The bidding wars are under way and the combatants are armed with cash.

In Oakland, Calif., Sara Mertz and her real estate agent Patrick Leaper are finally on the verge of closing a deal. This is the ninth house she has tried to buy

“Six months, nine offers,” Mertz said.

Home prices rise most since 2006

How much do Fannie and Freddie still owe us?

This first-time buyer is ready with a 20 percent down payment. But in today’s market, that is not always enough.

“From our experience, there’s not a lot on the market, and so when there is a house that we’re excited about, so is everybody else,” Mentz said.

It took Sara Mertz six months and nine offers before she was finally able to clinch a house. / CBS News

And many of those “everybody else’s” has cash. “A lot of it,” Mentz said.

“Cash buyers coming in with no contingencies at all are closing in 10 days,” Leaper said.

He hasn’t seen this many cash buyers in 40 years.

Cash buyers accounted for more than a third (34.1 percent) of home sales in California in March, more than double the average (a 16.1 percent monthly average since 1988). They are not just buying foreclosures, they are buying everything.

“There’s a tremendous amount of cash buyers out there,” Leaper said. “Not just the investor, [or] people who have taken money out of their IRA’s and buying real estate, but homeowners too.”

In part it’s a response to the low interest rates paid on money in the bank. Some savers are putting their money in real estate instead. All that cash is helping drive up prices. In Oakland, the median sales price has risen from $240,000 in April last year to $537,000 this April, according to Red Oak Realty.

“It’s wonderful for sellers right now, today, equally as bad for buyers,” Leaper said.

It’s almost as if buying a house in Oakland right now has become an endurance sport.

Sara Mertz endured. After being beaten on eight previous offers, she went more than $100,000 over the asking price to get her new house. And she can’t wait to move in.

 

 

All-cash buyers winning the war in Calif.’s booming housing market – CBS News.

4 Time Saving Content Curation Tools | Katonah NY Realtor

Content curation services, which had been one of the choice tools of marketing experts for some time now, are finally entering the mainstream.4 Time Saving Content Curation Tools

Some research done by the guys over at LikeHack showed that this service is now often used not by marketing consultants but by ordinary people. This is due to information overload and the rising need for content filtering.

For this reason, content curation is evolving from not being only a professional tool but a tool that saves web surfers time as personal service.

The demise of Google Reader is only going to accelerate the use of these tools as people switch to these emerging technologies to filter their content to save them time and increase content relevance.

What is content curation?

A content curator is a service that uses algorithms to show the user only the most relevant and appropriate content with respect to a specific niche or topic. It is a great marketing tool with unusually broad filtering capabilities and information selection that can be used to develop and promote a business. In 2012, Forbes called content curation one of the five hottest new web trends.

Companies like American Express and Whole Foods already actively use this marketing tool to curate content that might be of interest to their customers. Other companies use it to create their own online newspapers or select articles for the corporate blog.

The changing trend

However, content curation has been gradually developing from a niche marketing tool into a mainstream product. Personal content curation services are proliferating*:

Content Curation tools

Moreover, the team at LikeHack used SEMRUSH to analyze the search engine traffic  to curation sites like paper.li and observed that the increase in the number of visits slowed to nothing in the past six months.

Paper.li traffic:

Paper li content curation

It is important to note that the actual popularity of the phrase “content curation” has not decreased. On the contrary, GoogleTrends clearly show that the popularity of the keyword query and its various forms is growing.

What does this mean?

It means that more and more people are interested in content curation; it is no longer just for marketing professionals..

Why is this happening?

Everybody knows that the amount of information exchanged through social networks and feeds is growing exponentially, following the well-known MooresLaw. According to LikeHack’s research based on 3 million user accounts, people spend approximately one hour every day looking through unnecessary information. There are several services available today which solve this problem, and they are growing in popularity:  Likehack, Storify, Pearltrees, Getprismatic and others.

For example, here are the stats for GetPrismatic:

Get Prismatic content curation tool

Traffic to the site has grown considerably. A similar trend can be observed with other services. Today there are services that allow you to filter your Facebook, Twitter and RSS feed, showing only what’s most interesting and relevant.


Read more at http://www.jeffbullas.com/2013/05/23/4-time-saving-content-curation-tools/#A56VccFwCxiAC6dE.99 

 

4 Time Saving Content Curation Tools | Jeffbullas’s Blog.

Housing recovery full of mixed emotions | Katonah NY Real Estate

The housing market appears to have recovered from the depth of its decline. Toll Brothers reported a whopping 46% jump in its latest earnings report and Home Depot‘s earnings soared 18%. Today theNational Association of Realtors reported that April existing home sales surged to their highest level in more than three years.

There is some bad news mixed in with all of these housing numbers, April housing starts recently plummeted from a 48-month high and applications for home mortgages dropped for the second week in a row.

 

Housing recovery full of mixed emotions | HousingWire.

Housing inventory shortage lifts prices | Katonah NY Real Estate

The home value forecast from Pro Teck Valuation Services reveals the impact low housing inventory has on home prices, which it calls the sold-to-list price ratio. 

In the May update, the Honolulu, Tucson, San Francisco and Chicago metro areas are highlighted to determine how the indicator has been useful from a historical perspective as well as in current market conditions to best predict home price appreciation in markets. 

“While many were predicting that REO and the ‘shadow inventory’ would keep real estate markets depressed, in reality the shortage of housing inventory has lead buyers to bid more competitively against one another leading to significant home price increases and tighter housing conditions,” said Tom O’Grady, CEO of Pro Teck Valuation Services. 

The sold-to-list price ratio typically fluctuates between 92% and 98%, but can exceed 100% in very hot markets, according to the authors of the home value forecast. 

 

Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » Housing inventory shortage lifts prices | Katonah NY Real Estate.

Housing inventory shortage lifts prices | Katonah NY Real Estate

The home value forecast from Pro Teck Valuation Services reveals the impact low housing inventory has on home prices, which it calls the sold-to-list price ratio. 

In the May update, the Honolulu, Tucson, San Francisco and Chicago metro areas are highlighted to determine how the indicator has been useful from a historical perspective as well as in current market conditions to best predict home price appreciation in markets. 

“While many were predicting that REO and the ‘shadow inventory’ would keep real estate markets depressed, in reality the shortage of housing inventory has lead buyers to bid more competitively against one another leading to significant home price increases and tighter housing conditions,” said Tom O’Grady, CEO of Pro Teck Valuation Services. 

The sold-to-list price ratio typically fluctuates between 92% and 98%, but can exceed 100% in very hot markets, according to the authors of the home value forecast. 

“The sold-to-listed price ratio has historically lead home prices by approximately six months over the past three real estate cycles and its turning points have been excellent signals for the same in condo prices,” added O’Grady. 

The May home value forecast update also provides a listing of the top-10 best and worst performing metros as ranked by its market condition ranking model. Sales/listing activity and prices, months of remaining inventory, days on market, sold-to-list price ratio and foreclosure and REO activity are all indicators of the best and worst markets.

“Two of the top markets this month are in Nevada (Las Vegas-Paradise and Reno-Sparks), both of which had been very distressed since their respective market peaks in 2005 and 2006. Also, California continues to be well represented on the list by Los Angeles, Oakland, and Sacramento metros,” said Michael Sklarz, principal of collateral analytics and contributing author to Home Value Forecast.

Sklarz added, “Nashville’s metro area is a new entrant this month. Although the market has a more shallow correction than many of the other markets in the recent recession, it appears to be experiencing improving overall economic conditions and one of the most affordable markets in the U.S. now.”

“The bottom ranked metros also represent an interesting mix around the U.S. While all have nine to thirteen Months of Remaining Inventory, many of the indicators are showing positive trends even for the bottom metros area this month,” added Sklarz.

 

Housing inventory shortage lifts prices | HousingWire.