Tag Archives: Waccabuc NY Real Estate

Home inventory rises sharply in April | Waccabuc NY Real Estate

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Housing inventory rose significantly in April, easing a supply shortage that some experts say has constrained home sales.

Meanwhile, existing-home sales edged upwards in April. Still, sales remain hampered due to limited supply and tight credit, according to NAR.

Housing inventory rose 11.9 percent to 2.16 million homes in April, representing a 5.2-month supply of homes at the current rate of home sales. That’s up from 4.7 months in March. But inventory still remained 13.6 percent below a year ago, when there was a 6.6-month stock.

Existing-home sales ticked up 0.6 percent to a seasonally adjusted annual rate of 4.97 million in April from an upwardly revised 4.94 million in March, according to NAR. That put sales at their highest level since November 2009, when a tax credit stimulated purchases, NAR said.

“The robust housing market recovery is occurring in spite of tight access to credit and limited inventory. Without these frictions, existing-home sales easily would be well above the 5-million-unit pace,” said NAR Chief Economist Lawrence Yun. “Buyer traffic is 31 percent stronger than a year ago, but sales are running only about 10 percent higher.  It’s become quite clear that the only way to tame price growth to a manageable, healthy pace is higher levels of new-home construction.” Source: realtor.org.

 

 

Home inventory rises sharply in April | Inman News.

Vacation home sales shift to rentals | Waccabuc Real Estate

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Low mortgage rates, returning consumer and investor confidence, and the new migration from New Jersey are all combining to turn this Maryland market around, writes CNBC. “We’re getting the calls again from people looking to really buy — buy into the market and start renting again,” said Deborah Lipscomb, owner of Eastern Shore Vacation Rentals.

 

Vacation home sales shift to rentals | HousingWire.

MYRTLE BEACH: Better real estate market means scattered tight inventories | Waccabuc Real Estate

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There was a time not that long ago when Grand Strand Realtors were pleading for a lower inventory of foreclosures so sales of traditional homes could pick up.

That’s happened, as remains clear in the April real estate activity report by SiteTech Systems.

But behind the numbers, another potential problem could be lurking: low inventory.

The new low inventory, though, involves the number of traditionally-marketed homes for sale and available lots to put them on. While it’s not a crisis and no one’s saying it’s going to get that way, a tightening of available properties to sell to eager buyers could raise prices which, at some point, could suppress demand.

“The inventory is being pressured in all segments on the south end,” said Lee Hewitt, broker in charge at Garden City Realty.

Hewitt said he believes buyers will accept some price increases, but he’s not sure how much is too much that will cause them to put their money back in the bank.

“It’s going to be interesting how it plays out in the next three, four, five months,” he said.

It’s not just the Murrells Inlet area that is seeing a shrinking inventory, said Todd Woodard, SiteTech’s owner.

Inventories are tight in the Carolina Forest and Forestbrook/Socastee areas as well.

The situation has gotten serious enough, though, that it has prompted one Realtor to send an email seeking potential sellers.

Read more here: http://www.myrtlebeachonline.com/2013/05/21/3498105/better-real-estate-market-means.html#storylink=cpy

 

 

MYRTLE BEACH: Better real estate market means scattered tight inventories | Real Estate | MyrtleBeachOnline.com.

Connecticut mansion becomes most expensive home on market | Waccabuc Real Estate

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This 50½-acre property includes a 12-bedroom Victorian, French-renaissance mansion, 4,000 feet of water frontage on Long Island Sound and two offshore islands, according to The Wall Street Journal.

The listing marks the latest test of the ultra-high-end property market, which has seen several record-setting sales in recent years. Pricing in this stratosphere is an imprecise science, however, and it can be difficult for sellers to predict whether a nine-figure listing will lead to a nine-figure sale.

 

Connecticut mansion becomes most expensive home on market | HousingWire.

Is It Better to Rent or Buy? It Depends on Location and Time | Waccabuc NY Real Estate

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There are many difficult choices to make when deciding whether to rent or buy a home, but one of the most important factors is also among the easiest to determine: How long do you plan on staying in the home or neighborhood under consideration?

It has long been a rule of thumb that if you plan on staying in a home “long-term,” then you should buy instead of rent. But how long is “long-term,” really? Just how long does it take to recoup the upfront costs of buying, or to realize the savings inherent in a mortgage payment instead of a rent payment?

In some places, the answer is as short as one year – or as long as 20 years.

Zillow’s breakeven horizon incorporates all possible costs associated with buying and renting, including upfront payments, closing costs, anticipated monthly rent and mortgage payments, insurance, taxes, utilities and maintenance costs. It helps renters or prospective buyers determine the point, in years, at which buying a home becomes more financially advantageous than renting the same home. Because neighborhood selection is such a critical part of the home shopping process, the breakeven horizon is now available at the ZIP code and neighborhood level within individual cities and towns, and can often vary widely from neighborhood to neighborhood.

Maybe you’re trying to decide whether to buy or rent in New York City. The breakeven horizon for New York City as a whole is 6.1 years. But at the neighborhood level, the breakeven horizon ranges from a low of 2.5 years in the Parkchester neighborhood in the Bronx, to a high of 11.9 years in the Carnegie Hill section of Manhattan.

Nationwide, the neighborhood with the lowest breakeven horizon is the Shelby Forest-Frayser neighborhood in Memphis, Tenn., at just one year. The neighborhood with the longest breakeven horizon is the Sandbridge area of Virginia Beach, Va., at 20.3 years.

So, if you’re thinking of moving to the Shelby Forest-Frayser part of Memphis in the next few months, and you think you’ll be there for at least a year, you should consider buying a place there instead of signing that one-year lease. And if you’re looking to find that perfect place in beautiful Sandbridge, well, you should feel comfortable signing that multi-year lease, or get ready to live there at least 20 years if you want to break even.

5 neighborhoods with shortest breakeven:

Neighborhood

City, State

Breakeven Horizon (Years)

Shelby Forest-FrayserMemphis, Tenn.

1

FairhillPhiladelphia, Pa.

1

La GrangeToledo, Ohio

1

CorlettCleveland, Ohio

1

Sulphur SpringsTampa, Fla.

1

5 neighborhoods with longest breakeven:

Neighborhood

City, State

Breakeven Horizon (Years)

SandbridgeVirginia Beach, Va.

20.3

College HillProvidence, RI

13.3

WiltonRichmond, Va.

13

Arts DistrictDallas, Texas

12.3

Windsor FarmsRichmond, Va.

12.3

 

http://www.zillowblog.com/2013-05-16

How to Generate More Leads With Your Blog, 5 Tips | Waccabuc Realtor

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Does your business have a blog?

Would you like your blog to bring in more leads for your business?

You already know you need to create awesome blog content, but there’s more to business blogging than just that.

You also need to include a few tactics to help you bring in the leads you want.

Here are some useful tactics to entice and capture leads used by top marketing business blogs!

#1: Place Opt-In Forms Around Your Blog Content

There are several areas on your blog that you can use to introduce visitors to calls to action such as free trials, free consultations or a simple mailing list opt-in form. These areas include your header, sidebar, the end of blog posts, your About page and your footer.

Unbounce, a landing page software creator, encourages people to try their software or sign up for their mailing list in their sidebar and post footers.

unbounce options

Unbounce has lead generating calls to action in their sidebar.

KISSmetrics, a web analytics software company, uses their blog footer along with the sidebar and ends of posts to encourage subscriptions and free trial signups.

kissmetrics footer

KISSmetrics has lead generating calls to action in the footer of their blog.

While it might seem like overkill to put lead capturing options in so many places on your blog, it’s really not if you consider the fact that a visitor may only notice them at certain points during their visit.

While reading a blog post, for example, readers may ignore your header and sidebar. But if they are impressed by your blog content, then they will notice a subscription option at the end of the post.

Alternatively, if they make it to the homepage of your blog and scan all the way down the latest post titles and summaries, they might be interested in subscribing in the footer.

The key is to place your opt-in form in various locations on your blog where you have captured your readers’ attention.

#2: Regularly Create Free, Downloadable Content

HubSpot has the leading inbound marketing blog to complement their marketing platform. If you follow their blog, you know that they are constantly creating free, downloadable marketing content in the form of ebooks, whitepapers, templates and other valuable digital material. They not only promote their free content on their blog, but on their social networks as well for additional traction.

hubspot free ebooks

HubSpot markets free content on their blog and social networks.

In exchange for all of these downloads, people must provide their name, email and additional information about their business. Free content is the perfect lead generator!

The key to getting the right kind of leads with your free content is to create content that will attract your target customer base. You don’t want to capture just any subscriber—you want to capture someone who will want to learn more about your products and services.

#3: Incentivize Sharing With a Referral Program

What’s better than offering free content to capture leads for your business? Offering more free content to those who help you build leads.

Marketo, a marketing automation software business, created a free coloring book for marketers. Their incentive offer was a free hard copy coloring book—and crayons—for each person who referred five people to download the digital copy.

referral for free content

Using referral incentives to generate leads.

Now, instead of just one new lead from their blog, they have the opportunity to capture five more!

Consider ways you can incentivize your readers to refer more leads to your business.

 

 

How to Generate More Leads With Your Blog, 5 Tips | Social Media Examiner.

North Jersey Data Center Industry Blurs Utility-Real Estate Boundaries | Waccabuc Real Estate

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The trophy high-rises on Madison, Park and Fifth Avenues in Manhattan have long commanded the top prices in the country for commercial real estate, with yearly leases approaching $150 a square foot. So it is quite a Gotham-size comedown that businesses are now paying rents four times that in low, bland buildings across the Hudson River in New Jersey.
Why pay $600 or more a square foot at unglamorous addresses like Weehawken, Secaucus and Mahwah? The answer is still location, location, location — but of a very different sort.
Companies are paying top dollar to lease space there in buildings called data centers, the anonymous warrens where more and more of the world’s commerce is transacted, all of which has added up to a tremendous boon for the business of data centers themselves.
The centers provide huge banks of remote computer storage, and the enormous amounts of electrical power and ultrafast fiber optic links that they demand.
Prices are particularly steep in northern New Jersey because it is also where data centers house the digital guts of the New York Stock Exchange and other markets. Bankers and high-frequency traders are vying to have their computers, or servers, as close as possible to those markets. Shorter distances make for quicker trades, and microseconds can mean millions of dollars made or lost.
When the centers opened in the 1990s as quaintly termed “Internet hotels,” the tenants paid for space to plug in their servers with a proviso that electricity would be available. As computing power has soared, so has the need for power, turning that relationship on its head: electrical capacity is often the central element of lease agreements, and space is secondary.
A result, an examination shows, is that the industry has evolved from a purveyor of space to an energy broker — making tremendous profits by reselling access to electrical power, and in some cases raising questions of whether the industry has become a kind of wildcat power utility.
Even though a single data center can deliver enough electricity to power a medium-size town, regulators have granted the industry some of the financial benefits accorded the real estate business and imposed none of the restrictions placed on the profits of power companies.
Some of the biggest data center companies have won or are seeking Internal Revenue Service approval to organize themselves as real estate investment trusts, allowing them to eliminate most corporate taxes. At the same time, the companies have not drawn the scrutiny of utility regulators, who normally set prices for delivery of the power to residences and businesses.
While companies have widely different lease structures, with prices ranging from under $200 to more than $1,000 a square foot, the industry’s performance on Wall Street has been remarkable. Digital Realty Trust, the first major data center company to organize as a real estate trust, has delivered a return of more than 700 percent since its initial public offering in 2004, according to an analysis by Green Street Advisors.




North Jersey Data Center Industry Blurs Utility-Real Estate Boundaries – NYTimes.com

 

 

North Jersey Data Center Industry Blurs Utility-Real Estate Boundaries | Waccabuc Real Estate | Bedford NY Real Estate | Robert Paul Talks Life in Bedford NY.

Time to take the measure of the recovery | Waccabuc Real Estate

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Commentary: Many global indicators are at inflection points

Long-term rates fell this week to the lows of 2013, mortgages stickier than 10-year T-notes. Although long Treasurys made it to 1.85 percent, mortgages are still 3.75 percent or so — the mortgage market frightened to death that any loan it buys today will live until its 360th payment.

Trading everywhere has ceased for Passover, Good Friday, and Easter, but next week brings a flood of brand-new information for March, capped on Friday by employment data. Thus a good time to reflect.

I do not recall a moment in which so many economic elements at the same time have been at points of inflection. In the old days (five years ago) nothing much mattered except U.S. data. In global markets the world is more important than the U.S.

1. Rates are down because of Europe. Period. Euro elites are secure looking down their noses: “Cyprus is unique, the euro-zone will be fine, just a little austerity and economic reform ahead.” Au contraire… bank funding costs in March everywhere except Germany rose by 25 percent (who wants a haircut at shoulder-level?); French and Spanish 10-year yields are opening versus German; nobody is making fiscal progress, the combination of austerity and euro-shackles making recovery impossible. Yet everyone who has cried euro-failure “Wolf!” has been premature. Or wrong: maybe there is no wolf at all. Or, if the wolf finally does arrive, the bigger the shock.

2. The stock market set a new high yesterday, greeted by no exuberance. Usually a technical “breakout” like this is followed by a big run. Not. This new high is a half-inch above the same top in 1999 and 2007. Whee. And yet … stocks could really run and bring back the wealth effect.

3. That wealth effect may already be here. This morning’s news: personal incomes jumped 1.1 percent in February and spending with them, up 0.6 percent.

 

 

 

Time to take the measure of the recovery | Inman News.

How to score seller clients when inventory is low | Waccabuc NY Real Estate

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Loads of agents know firsthand that an uptick in buyer activity and some loosening of lending purse-strings can result in a particular flavor of supply-demand imbalance we call “a seller’s market.”  A recent Truliastudy proved this market season is just that: 75% of surveyed consumers said it’s better to buy a home now than a year from now.

But the same study revealed that there’s also pressure from the other end of the market – only one in three consumers said it would be better to sell now than a year from now. These patient would-be sellers have pushed inventory to a 12-year low.

Trulia ($34.34 0%) provides a number of ways that agents can grow their seller clients while so many are wanting to hold out another year.

http://www.housingwire.com/fastnews

Realistic pricing pays off in sales in a slowing housing market | Waccabuc Real Estate

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Real estate broker Nina Miller advertised the home in the paper, but the offers arrived so quickly she didn’t have the chance to even put up a “for sale” sign outside the Hampstead cottage.

Despite the recent slowdown in Montreal’s real estate market, Miller’s phone buzzed with inquiries last month as soon as she’d listed the renovated, four-bedroom house for sale mid-week. She showed it that weekend, while her clients were off for a quick getaway in the Laurentians. By the time they got back, she’d received a conditional offer on the home for just over $1.1 million — the full listing price.

“There are still some homes that sell right away,” Miller said. “There are buyers for turnkey homes. And it (the Hampstead home) was priced properly. What happens often is that people put their properties out for $200,000, or even $300,000 too high. It takes a much longer time to sell because it puts (buyers) off.”

That the home took a week to sell was not a one-off fluke, buyers, evaluators, mortgage and real estate brokers say, even at a time when the inventory of Montreal homes for sale is at its highest point since the late 1990s. Indeed, brokers point to several cases of Montreal Island properties selling for full asking-price within days — or even within hours at some new condo towers.

They suggest the current market slowdown is due not just to the highly-publicized tightening of rules on insured mortgages and a vast condo supply inflated by years of near-record construction — but also to some extent, by greedy sellers. Indeed, a Gazette analysis of around 70,000 Montreal homes sold by brokers since 2008 shows the gap between average asking and selling prices widens as the real estate market gets weaker, suggesting some sellers are still making unrealistic demands following years of rapidly climbing property values.

Read more: http://www.montrealgazette.com/business/