Tag Archives: South Salem Homes for Sale

Home price gains running out of steam? | South Salem NY Real Estate

All three home price indices maintained by S&P/Case-Shiller finished 2012 with strong gains, but showed signs of losing momentum in the final three months of the year.

Case-Shiller’s National Home Price Index was up 7.3 percent from a year ago in the fourth quarter. The 20-City and 10-City Composite indices saw annual gains in December of 7.3 percent, 6.8 percent and 5.9 percent, respectively.

It was the seventh month in a row that the 20-City Composite posted an annual gain, with every market in the index except New York up for the year.

The National Home Price Index, after strong second and third quarters, slipped 0.3 percent from the third quarter to the fourth on a non seasonally-adjusted basis. When adjusted for seasonal factors, the national composite posted a 2 percent gain from the third quarter to the fourth.

The 20-City and 10-City composites were essentially flat from November to December, each growing by 0.2 percent on a non-seasonally adjusted basis. If adjusted for seasonal factors, those indices were up 0.9 percent from November to December.

David Blitzer, chairman of the index committee S&P Dow Jones Indices, said home prices ended 2012 “with solid gains,” but warned that future growth might not be as dramatic.

Why no subprime ‘criminals’ have gone to jail | South Salem Real Estate

Editor’s note: This is the first of a two-part series.

“According to a recent ‘Nightline’ program, none of the Wall Street executives who engineered the subprime debacle have been convicted on criminal charges. Why do you think that is?”

I think that the most obvious answer is the correct one: The authorities were not able to find sufficient evidence of criminal behavior in any of the cases they investigated (and they investigated many) because there wasn’t any to be found. Imprudent violations of firms’ own internal policies abounded, but such violations are not criminal.

Underlying your question, and implicit in the “Nightline” approach, is an assumption that the subprime debacle was engineered by a profit-hungry group of lenders and investment bankers who, for some unknown reason, decided to run amuck. Given that assumption, the failure to convict anyone must mean either that law enforcement has been co-opted or that all the suspected criminals who were investigated were clever enough to destroy all evidence of their misdeeds.

The housing problem Minneapolis would rather forget | South Salem NY Real Estate

Minneapolis, Minn., has proven to be a hard market to predict.

During the heart of the Great Recession, the housing market there was hard-hit yet employment remained stable. Then when the housing market in other metros started to improve post-recession, Minneapolis home prices redeflated, and, as a result, the city lags the recovery starting to happen elsewhere.

Minneapolis is often perceived as a white-collar town, as five Fortune 500 corporations plus a host of medical device companies and healthcare firms maintain their headquarters there. United Healthcare, which is the largest healthcare insurance company in the U.S., is based in Minneapolis and it kept hiring and expanding throughout the recession, according to Herb Tousley, director of the Shenehon Center for Real Estate at the University of St. Thomas.

“Our unemployment hangs 1.5 percent to 2 percent below the national average,” Tousley said. “At the end of 2012 our unemployment was at 5.8 percent, and we are starting to see some good job creation numbers.”

New Home Search on Mobile Devices | South Salem NY Homes

  • According to the Digital House Hunt, a joint report between NAR Research and Google, there is a tremendous opportunity for REALTORS® to market to home shoppers online.
  • 90% of home buyers searched online during their home buying process
  • 28% of new home shoppers used their mobile device for search while in line; 27% of new home shoppers used their mobile device for search while at a restuarant
  • Overall, real estate related searches on Google.com have grown 253% over the past 4 years

Only you can decide if Chromebook is right for real estate | South Salem Realtor

Last week I field tested a Samsung Chromebook.

Over the holidays the local Best Buy store ran out of them. They were also out of stock on Amazon.com, with a waiting list to buy one. I wanted to know what all the hype was about.

I finally got my hands on a Chomebook when a family member got one and let me play with it.

I borrowed the Chromebook for a few days, logging into my own Google account and testing everything I use on a day-to-day basis for real estate.