Tag Archives: South Salem Homes

Home prices cooling, but double-digit gains remain common | South Salem NY Real Estate

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Home prices in Southwest Florida continue to post double-digit gains, despite some predictions that those hefty increases that have been a hallmark of 2013 will begin to taper off.

Prices of single-family homes in the Sarasota-Manatee region climbed 11 percent in October over last year, according to the latest report from real estate data provider CoreLogic.

That fell short of the 12.5 percent increase reported nationwide, which marked the 20th straight monthly boost in homes prices in the U.S.

But prices outpaced the U.S. in Charlotte County, where they jumped 14.7 percent in October over the same period in 2012.

Both regions, however, topped the national average for month-to-month price gains.

Home prices from September to October rose 0.4 percent in Sarasota-Manatee and 0.5 percent in Charlotte, compared with a 0.2 percent average hike throughout the country.

That small nationwide gain, experts suggest, indicates prices may be starting to level off.

“In October, the year-over-year appreciation rate remained strong, but the month-over-month appreciation rate was barely positive, indicating that house price appreciation has slowed as expected for the winter,” said Mark Fleming, chief economist for CoreLogic.

 

 

http://www.heraldtribune.com/article/20131216/ARTICLE/131219721/-1/sports03?Title=Home-prices-cooling-but-double-digit-gains-remain-common

New home purchases decrease 18% | South Salem NY Real Estate

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Even while mortgage applications for new home purchases in November were down 18% from October, according to the Mortgage Bankers Association, the size of the average loan continued to trend upward.

The average loan size for new homes reached $295,523 in November, according to the MBA’s Builder Application Survey.

Since the MBA started publishing the monthly survey this summer, average home loan size has increased more than $12,000 from the June average of $283,000.

The number of new homes sold in November decreased to 32,000, from 40,000 in October.

The MBA estimates that sales of new single-family homes were running at a seasonally adjusted annual rate of 455,000 in November.

By product type, conventional loans composed 66.2% of loan applications, FHA loans composed 19.9%, RHS/USDA loans composed 1.1% and VA loans composed 12.9%.

MBA’s Builder Application Survey tracks application volume from mortgage subsidiaries of homebuilders across the country.

 

http://www.housingwire.com/articles/28282-new-home-purchases-decrease-18

 

How to Create a Social Media Strategy By Spying Your Competitors | South Salem NY Realtor

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Are you struggling to create a social media strategy for your business?

Lacking insight into the social behaviors of your customers?

No data, no problem!

Chances are your competitors have done all the hard work and all you need to do is look for it.

In this post, I’ll show you how to research the competition’s social game plan so you can build a solid social media strategy of your own.

Finding the Fundamentals

When it comes to social media marketing, you need to answer a few fundamental questions:

  • Should your business be on social media?
  • What networks should you choose?
  • How do you create a great profile?
  • What type of content should you post, and when should you post it?

Everyone must answer these questions, including business owners who want to create a strategy for their own business, marketing managers who need to convince their CEO to invest in social media and consultants who create strategies for clients in a wide variety of industries.

Fortunately, you can find answers through the process of competitor research.

Keep reading to discover how to get insight on your competitors.

#1: Comparing Audience Size

While you shouldn’t obsess about how many fans or followers your competitors have, noting these numbers at the beginning of your campaign can help you answer the following important questions.

how many fans do your competitors have

Noting the number of fans your competitors have can help you answer a few important questions relevant to your own business. Image source: iStockPhoto

 

1. Should your business be on social media?

If your competitors have an audience on social media, whether it is 100 people or 100,000, the answer should be yes. Otherwise, your competitors are tapping into a customer base that your business could be completely missing out on.

2. Which networks should your business focus on?

Do all of your competitors have strong presences on some networks, such as Facebook, LinkedIn and Twitter, but not others, such as Pinterest? If the answer is yes, then it means two things: 1) businesses in your industry do not do well on Pinterest or 2) with creativity, you have a chance to reach a group of customers with little competition.

3. Have you reached all of your target audience?

Competitor research isn’t just limited to businesses starting their social media strategy. If you have been using social media for a while, but not getting results, take a look at the size of your competitors’ social media audiences to help you gauge whether you are reaching as many of your potential customers as possible, or whether you still have room to grow your network.

 

 

http://www.socialmediaexaminer.com/social-strategy-competitor-research/

 

Home buyer demand drops in November | South Salem NY Homes

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Home buyer demand witnessed a steep decline in November, with the number of Redfin customers requesting tours and signing offers dropping 1.2% and 10.6%, respectively, following seasonal trends.

However, the drop was not as drastic as the same month in 2012, which saw tours and offers falling 11% and 13.6%, respectively.

Few buyers tend to shop for homes as the holidays start to loom closer. However, “with October’s budget and debt-ceiling mess in the rear-view mirror and the prospect for higher mortgage rates in 2014, many buyers felt like November was a window of opportunity,” Redfin agent Paul Reid said.

Additionally, Thanksgiving fell on the fourth week of November instead of the third week, giving buyers extra time to shop for houses and offset reduced demand during the holiday week.

Looking ahead, Redfin said, “In December, house hunting generally takes a back seat to retail shopping and holiday preparations for most buyers. We expect demand to drop off dramatically as Christmas nears.”

 

 

http://www.housingwire.com/articles/28223

 

Rent or Buy? Running the Numbers On Five Downtown Studios | South Salem Real Estate

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Every few weeks, our friends at StreetEasy run the numbers on apartments that are listed for both sale and rent in New York to compares the monthly costs for apartment hunters searching for the best deal. The tool doesn’t take into account every single thing (tax deductions are not factored in), but it’s one way to try to answer the eternal “rent or buy” question. Here now, we compare the data on five downtown studios, all of which are members of the Six Digit Club. These numbers assume a 20 percent downpayment and a 30-year fixed mortgage rate of 4.406 percent.

Address: 40 Broad Street, #28C, in FiDi (above) The Skinny: 590-square-foot unit in the amenity-laden Setai Wall Street Sale Price: $699,000 Maintenance/Taxes: $759/month Total monthly costs when buying: $4,047 Rental price: $3,000/month

Address: 23 Waverly Place, #3A (above) The Skinny: A co-op studio with a sleeping loft in a building with a shared courtyard and rooftop deck Sale Price: $529,000 Maintenance/Taxes: $755 Total monthly costs when buying: $2,876 Rental price: $2,795/month

Address: 317 East 18th Street, #SE (above) The Skinny: Near Gramercy Park, a co-op unit with a half-sized kitchen Sale Price: $290,000 Maintenance/Taxes: $890 Total monthly costs when buying: $2,053 Rental price: $2,000/month

Address: 99 John Street, #813 (above) The Skinny: 671-square-foot studio with a home office in the Financial District Sale Price: $775,000 Maintenance/Taxes: $425 Total monthly costs when buying: $3,907 Rental price: $3,650/month

 

 

 

http://ny.curbed.com/archives/2013/11/26/rent_or_buy_running_the_numbers_on_five_downtown_studios.php

Foreclosure inventory down to lowest level since 2008 | South Salem NY Real Estate

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After 18 straight months of declines, U.S. foreclosure inventory is now at its lowest point since the end of 2008, according to a monthly report from Lender Processing Services.

Foreclosure inventory fell nearly 30 percent year over year in October, to 1.28 million loans, or 2.54 percent of currently active mortgages.

Delinquencies (loans that are 30 or more days past due but not in foreclosure) fell 2.8 percent from September, to 3.15 million loans, or 6.28 percent of mortgages. The delinquency rate fell 10.7 percent on an annual basis.

All in all, 4.4 million properties were either delinquent or in foreclosure in October. Mississippi had the highest percentage of noncurrent loans among states last month, eclipsing Florida for the first time since 2008.“Except for the period after Katrina, Mississippi has held the dubious distinction of having the highest noncurrent inventory for virtually all of the history LPS tracks. So, unfortunately for Mississippians, this is more indication that things are getting back to ‘normal,’ ” LPS said. Source: LPS

 

 

– See more at: http://www.inman.com/wire/foreclosure-inventory-down-to-lowest-level-since-2008/#sthash.bpSlaKht.dpuf

7 Niche Social Networks for Strategic Networking | South Salem NY Homes

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Do you find it hard to connect with your ideal audience using the larger social networks?

Have you considered a smaller social network?

In this article, you’ll find 7 niche social networks built to serve specialized markets.

Why Niche Social Networks?

Ask almost anyone what to include in your social media strategy and you’re likely to hear Facebook, Twitter or Google+ in the response.

But you may find it useful to tap into a specialized network.

Use a niche social network to reach a narrowly targeted audience where strategic networking can help you connect with potential customers and business partners of all kinds.

A niche social network within your industry can work wonders to reach people of interest there.

You can also look for niche sites where people come together around one of the core values or interests of your business. It’s an easy way to find and connect with like-minded people for more strategic networking.

The easiest and fastest way to find these niche sites is likely to be a good old Google search. For example, see below:

Use a Google search to find niche social sites relevant to your business.

Use the examples below to inspire you to connect with niche social networks for more targeted networking.

#1: Build Sustainable Relationships on Wiser—The Social Network for Sustainability

Is your business actively involved in sustainability and environmental topics? This is something that’s becoming very important to many businesses and Wiser is a network built specifically to encourage dialogue about all things environmental.

If your company is green, you can use Wiser to add partner organizations, promote events and share resources that raise your company’s profile where it counts.

Adding an organization in Wiser.

Much like with LinkedIn, you can also add groups where you can discuss issues close to your heart and propose solutions.

Create a profile on Wiser today and start to network with people whose values align with yours.

 

 

http://www.socialmediaexaminer.com/niche-social-networks/

 

Million Dollar Hamptons Summer Rentals | South Salem Real Estate

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The Hamptons is the proud home of the million-dollar summer rental. Since you as a hedge funder, Russian oligarch, or A-list rapper of course have one million or so to drop on your vacation house next year, assuming Wall Street stays hot, you evade the polonium-equipped assassins on your trail, and/or your next album doesn’t bomb, you’re planning to snap up one of them. Let’s look at some of your options for summer 2014.

flying%20point%20road.jpg [©AerialAesthetics.com]

535 and 533 Flying Point Road, Water Mill, BHS Your first option is this eight-bedroom, four-acre compound in Water Mill. “A spectacular 14,000+/- sf manor, 50’x20′ heated gunite pool, luxurious pool house with outdoor kitchen and bar on 1.9+/- acre. Tennis court with Hydrocourt system and a 3-bedroom, 2 and one-half bathroom guest house on the adjacent 2.1+/- acres.” Hedgies: This is the place for you. It’s low key, elegant, and there’s room in the guest house for your peons spending the weekend working. Oligarchs: Pass. Not defensible enough to foil the assassins, though the guest house does offer room for security. Rappers: Pass. Not impressive enough.

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396 Meadow Lane, Southampton, Sothebys Your second option is this oceanfront house in Southampton. There’s nine bedrooms, seven baths, 7000sf, pool with pool house, tennis court, all on 3.2 acres; the interiors are kind of French and fussy. Hedgies: Maybe. The house is impressive but the French-style interiors might ping the radar of stuffy WASP Wall Streeters. Oligarchs: Go for it! This house’s setting is defensible from many sides. Plus the French style interiors ought to make you happy. Rappers: Maybe. Still, could be blingier.

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315 Rose Hill Road, Water Mill, Elliman The next rental is slightly less expensive than a mil, at 895K for the summer. Keep in mind, though, last year, Rose Hill was offered at $1.2M for the season, so it’s cheeeeeap now. The 20,000sf house features twenty-first century technology including state-of-the-art security and a Crestron entertainment system. Retire to the “grand master suite,” four guest suites, three staff bedrooms and eight fireplaces with antique mantels. Hedgies: Pass. PASS. Oligarchs: Worth a look. Supplement that “state-of-the-art security” with some burly Cossacks with semi-automatics. Rappers: We had you at “staircase in cast bronze and silver & gold leaf,” didn’t we? Don’t forget the “Crestron entertainment system,” though. · All Renters Week 2013 posts [Curbed Hamptons]