Tag Archives: Waccabuc Homes for Sale
America’s Hottest Cities of 2012 on REALTOR.com | Waccabuc NY Homes for sale
Brookings: Cities With Best Recoveries | Waccabuc Real Estate
Banks are somewhat confident in safe harbor from homeowner litigation | Waccabuc Real Estate
As regulators complete new mortgage rules, banks are about to get a significant advantage: protection against homeowner lawsuits, writes The New York Times.
The rules are meant to help bolster the housing market. By shielding banks from potential litigation, policy makers contend that the industry will have a powerful incentive to make higher quality home loans.
Click here to read the full story.
Recovery slows in hardest hit housing markets | Waccabuc NY Real Estate
The 4 Myths of Facebook Marketing | Waccabuc NY Real Estate
There are many myths circulating online, such as the little green men are about to invade the planet and that the end of the world is happening in 5 days according to the Mayan calendar. There are also many social media myths and that includes those about Facebook marketing.
Facebook with over one billion users “is” the default social network for nearly 50% of the people that use the internet on the planet. No other social media platform comes close to its global user acceptance.
In fact, in the USA and many other English speaking countries it has almost reached saturation point with growth flat-lining or even declining.
It is changing how we communicate. Email is discarded in favor of a private message on Facebook. Forget sending your teenager an email, just “Facebook” them and you have a better chance of them receiving the message as often their email accounts go unchecked or un-monitored for days or weeks.
Facebook has become the private bulletin board for family and friends as updates, holiday, event and party images are shared to the private communities that have formed around social connections and familial relationships.
Talk to a brand about social media marketing and instantly it is a discussion about how do you gain Facebook “likes”, pass the magic 1,000 barrier or build a Facebook app.
Twitter, LinkedIn and YouTube are like the neglected students at the back of the class with the plaintive cry of ”pick me, pick me”.
Facebook Posting Frenzy
What you may not have noticed is that there is an almost unseemly Facebook posting frenzy happening. People and brands are posting images of dogs, cats and aliens just to get attention..any attention!
Posting interesting content 3-4 times a day that people commented on, liked or shared was enough in the past to keep your updates appearing in the timelines of fans.
This is no longer optimal it seems because Facebook has changed the game. Posts or images that were shared or liked dozens of times are now struggling for visibility.
Why? Facebook adjusted its “Edgerank” calculation that determines what posts appear in Fan’s timelines. The organic Facebook marketing that we all enjoyed has been diminished by Facebook making sure that less of brands updates appear on the Facebook’s fan pages. Updates are now appearing in 15% or less of all timelines.
Twitter with its unfiltered stream is starting to look more attractive.
Myth One: Facebook will not change the game
If there is one thing that you must understand about social media is that it is evolving rapidly and expecting the rules to stay the same is an assumption you can not afford to embrace. Marketing Land mentioned and highlighted this changing of the rules and the reduction in organic Facebook marketing virality and reach. Some reports indicate that the reduction in the number or readers (views) of your pages updates is in the range of 5-40%.
Keep in mind that for Twitter and Google+ that 100% of all updates are in the stream.
Facebook owns its network and it will continue to change the rules to suit its vision and commercial interests.
Myth Two: Facebook marketing will always be free
Facebook has gone public and the only way Facebook can monetize their platform is through advertising. The Google social network Google+ doesn’t need to place advertising in its stream or side bars because Google Adwords is their river of gold for the search giant.
Facebook will continue to look at ways of creating revenue that pays the bills because now they have shareholders to placate. Want to reach more fans?… then you will need to start to reach into your pocket and pay the piper.
Facebook’s next steps will include the monetization of the mobile platform Instagram that they paid $1 billion for. Mobile ads are the next frontier.
Myth Three. You own your Facebook account
The reality is that you are just a renting tenant on Facebook and you are there under their rules, terms and conditions.
Break the rules and you pay the price. Recently the pop culture blog and website “The Cool Hunter” had its Facebook page with 700,000 fans shutdown. This was due to “copyright issues” according to Facebook.
The challenge for brands that are heavily Facebook centric for their social media marketing is that an unexpected “shutdown” can leave a severe dent in traffic to your websites. The Cool Hunter saw a drop in traffic of over 10% when its Facebook page was shuttered.
Just keep in mind that Facebook doesn’t have a call center for handling complaints. The lights are on but no customer service folk are at home.
Myth Four. You own and control your content on Facebook
Facebook is the repository for most of the world’s photos with 300 million photos being uploaded every day. It is the largest photo site in the world by far. This content is not yours according to Facebook’s T’s & C’s. Despite that, people treat Facebook like a hard disk backup for their images, videos and content.
Make sure that your photos and content is organised and saved somewhere else in case you suffer the same fate as The Cool Hunter”.
The Solutions:
So should you stop using Facebook for your marketing? Is social media marketing doomed? The answer is that social media will continue to offer a powerful and crowd-sourced means to market your brand but Facebook’s changes just brings us back to basics of taking control of your online assets.
Here are 4 tactics that will ensure that you are investing the time, effort and resources in the digital assets that you own and control.
#1. Create and post content to domains you own
These include your your blog, website and online store. You bought the domains and they are under your direct ownership, so make sure that the majority of your content including any multi-media is posted there. Building online assets is vital in a web focused world.
#2. Build email lists
Email may not be as sexy and as cool as social media but it offers one distinct advantage. You own your list. So make it easy people to subscribe to your blog or website via email. It is a digital asset that is often undervalued, so concentrate on continuing to build that subscriber base.
#3. Invest in optimizing your blog or website for search engines
What a lot of people don’t realize is that 75% of all clicks from search engines are from organic search results. That traffic is free.
So optimize your blog and website to make it easy for Google to index your content. Also don’t forget to optimize your social media accounts for search engines by including keywords in descriptions, tags and categories. (amongst other SEO friendly tactics)
#4. Build followers and tribes on other social media channels
Other social networks offer great alternate opportunities for driving followers and traffic to your website. Twitter’s potential is often underestimated and new emerging platforms such as Pinterest are rapidly being recognized as vital social media networks that provide portals and links to your online properties.
What About You?
Is your social media marketing Facebook centric? Have you got a plan B?
What other social networks drive traffic to your blog? Is SEO and search engine friendly tactics part of your digital marketing strategy?
How is your email marketing going?
Look forward to hearing your stories and experiences in the comments below.
Want to Learn How to Market Your Business on Social Media?
My book – Blogging the Smart Way “How to Create and Market a Killer Blog with Social Media” – will show you how.
It is now available to download. I show you how to create and build a blog that rocks and grow tribes, fans and followers on social networks such as Twitter and Facebook. It also includes dozens of tips to create contagious content that begs to be shared and tempts people to link to your website and blog.
I also reveal the tactics I used to grow my Twitter followers to over 120,000.
You can download and read it now.
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Luxury Prices Fall Despite Tight Inventories | Waccabuc Real Estate
Though inventory shortages began at the lower price tiers, tight inventories have worked their way up to the luxury levels in the past two quarters. Expensive homes are selling faster than they were a year ago but third quarter prices are down in many markets compared to a year ago.
The median luxury property is taking nearly 200 days to sell this week, far above the 5.4-month supply for all price ranges. However, this is the time of year when inventories traditionally increase, especially in the upper price tiers. Last year in December, the Institute for Luxury Home Marketing reported that homes in its market profile were spending an average of 231 days on market and luxury properties in all markets it tracks were averaging 215 days on market at the end of the year, a year-long high.
During the spring buying season, luxury homes were selling much faster. Days on market for luxury homes fell to 120 days, down from 155 days at the outset of the buying season in February.
Luxury agents and brokers around the country report brisk activity up to the onset of the holiday season, an indication that demand is strong. Tighter inventories are not translating into higher prices at the million dollar plus end of the spectrum, however.
In the Hamptons, Town and Country Realty reports the greatest gain in third quarter activity was in the $3.5 million to $4.99 million price range and the only price range to see a statistical decline was the $5 million to $9.9 million range. Total number of sales in the Hamptons was up 17 percent.
Luxury home sales in the Denver metro area almost doubled in October compared to October 2011, according to John Rebchook of Inside Real Estate News, citing a report by Coldwell Banker Residential Brokerage. However, the median sale price $1.31 million of a luxury home closed last month in the Denver market was off 4.8 percent from October 2011 and 3.9 percent from September. Homes also sold at a much faster pace year over year and sellers on average received a higher percentage of their asking price.
In Lake Tahoe, homes under and over the million-dollar mark both experienced significant increases in sales (37 and 33 percent, respectively) while overall prices fell around the lake. The median price of a home in Lake Tahoe is $330,000 (down 11 percent) and the average price is $538,289 (down 15 percent), according to Chase international.
Overall there was a 49 percent quarter-over-quarter and 39 percent year-over-year improvement in Lake Tahoe-area home sales, according to Better Homes and Gardens Mason-McDuffie Real Estate. In the third quarter, 122 homes changed hands, up from 82 homes sold in the second quarter and 88 homes sold in last year’s third quarter. In another sign the market is recovering, the average number of days a home was on the market before attracting a contract to purchase declined from 162 days a year ago to 101 days in this year’s third quarter.
In the greater Truckee area, the median price of a single-family detached home declined slightly from $451,129 in the second quarter to $450,083 in the third quarter, although it was up 3 percent from $437,261 in the third quarter of last year as the local real estate market continued to show signs of a recovery. Locally, a change in the mix of homes sold boosted the median sales price in Donner Lake by 50 percent year over year while low inventory pushed sales prices slightly higher in the Town of Truckee (+12% for the quarter and +7% for the year) and the Glenshire Area (+4 percent for the quarter and +3% compared with a year ago).
In Atlanta, while most of the real estate market is enjoying a nice rebound this year, luxury real estate is going backward. Sales of $2 million-plus single family detached resale homes are down 33 percent from 2011 (33 sales in 2012 vs. 49 during first 10 months of 2011) while sales of $3 million plus homes are down 67 percent (5 sales in 2012 vs. 15 in 2011). The average sales price for $2 million-plus homes is down 11 percent from 2011, while the average for $3 million-plus is up 1 percent. There are 112 single family detached new and resale homes in Buckhead currently on the market that are priced more than $2 million, which translates at the current rate of sale to a nearly four-year supply, according to Beacham and Company Realtors.
New York City is suffering from an acute lack of inventory throughout the sales marketplace, according to Warburg Realty. Foreign money is snapping up the high and mid-priced condominiums all over Manhattan. But the profound shortage of inventory which has developed in the co-op market defies expectations. Throughout the city, resident New Yorkers are hamstrung month after month in their new home searches. At $20 million, at $10 million, at $5 million, at $1 million – few new listings appear. The customers, hoping that there is still seasonality in the market ask, “Won’t there be a lot more inventory hitting the market in September?” Sadly, the answer was no. Many of these customers asked the same questions in April. There was no major spike in inventory in the spring and not much more in the fall. And we don’t anticipate one any time soon, at least not on the resale side, not even with the almost certain increase in the capital gains tax burden for sellers looming on the 2013 horizon.
Community bank lending on upswing | Waccabuc Real Estate
Need a loan? Local banks want your business.
The area’s community banks grew their loan portfolios 7 percent during the past two quarters, according to data from the Federal Deposit Insurance Corp.
This is good news for smaller institutions, many of which got a boost in business during the downturn as larger banks pulled back on lending. The new figures show that big banks have returned to more aggressive lending this year, but small banks are still winning a lot of deals.
Total loans outstanding — excluding McLean-based Capital One N.A., which skews the data with its size — grew …








