Tag Archives: Westchester NY Homes

Westchester NY Homes

Jessica Simpson lists one home, keeps the other | Bedford Hills Real Estate

The “Fashion Star” judge just listed her longtime residence for $7.995 million, according to Zillow, who writes:

Custom-built in the early ’90s by award-winning L.A. designer Kerry Joyce, the 5,500-square-foot home is located in a private celebrity enclave with a gated entrance and vine-covered exterior. Simpson has owned the 5-bedroom property since 2005, when she bought it for $5.275 million following her separation from then-husband Nick Lachey.

To see photos of the California home, click here.

 

Jessica Simpson lists one home, keeps the other | HousingWire.

Sacramento housing market nears normal | Bedford Real Estate

With 42 new permits issued in January through March of this year, Sacramento increased by 121% over the same period a year earlier, according to RealtyTrac. Foreclosure starts slid by 74% when compared to the pace from a year earlier, writes the Sacramento Business Journal.

 

Sacramento housing market nears normal | HousingWire.

7 Questions to Ask Yourself to Bring Clarity to Your Blogging | Bedford Corners Realtor

Do you feel like you’ve lost clarity around what it is that you’re trying to do with your blog?

I’ve recently bumped into a few bloggers grappling with this idea. Some were new,  even ‘Pre’ Bloggers, while a couple had been blogging for a while but had lost some direction.

Out of these conversations, I put together a set of questions to help them think it through.

The questions revolve around asking:

What are YOU About?YOU

While I won’t guarantee you instant clarity on answering these questions I hope that putting a little time aside to work through them might help – please let me know if they do!

  1. What interests do you have?
  2. What experiences (good and bad) have you had?
  3. What expertise and skills do you have?
  4. What are your passions?
  5. What gives you energy?
  6. What do you talk a lot about to friends?
  7. If you could write about anything – what would it be?

7 Questions to Ask Yourself to Bring Clarity to Your Blogging : @ProBlogger.

Chappaqua Realtor | Responsive Marketing

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In the beginning, there were products and services, and some were good. Fewer became trusted brands, but those that did enjoyed unquestioned loyalty supported by a simple yet effective marketing engines built to reach people in mass quantity. The formula worked for decades. An empire was built on the shoulders of Madison Avenue and expanded globally. It is an empire, which still exists today, though arguably it’s a diminished version of its former self.

More recently, technology has had it’s own evolutionary process which it’s still going through. Well over a decade ago, when large organizations developed and updated their complex Web properties, the most popular and rigorous process one could follow in development was referred to as “Waterfall”.  Think of this as a descending, linear staircase where one step of the process was completed in full before moving on the next. The methodology was rigorous, but also left little room for tweaking, testing, adapting and improving along the way.

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Responsive Design
Today, digital design and development is often done leveraging the “agile” method of development, which favors smaller, cyclical bursts of development and rapid testing. Start-ups favor this approach as well building not only their tech products but also their business models in a way, which resembles more of an agile philosophy vs. a rigid, sequential approach. Even “large” start-ups like Facebook demonstrate this in how they roll out enhancements to their global platform, often making the changes incrementally, rolling them out with select users and then adjusting based off the data they analyze. Google often works this was as well. If you were to undertake designing and building a digital property today—you would also have to ensure that it would perform across multiple platforms (desktop, tablet, mobile). A popular methodology for developing this way is called “responsive design”—a technique, which leverages code that results in a shape shifting design which auto-magically fits the medium it, is being interacted with in.

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Most Marketing Remains Linear And Unresponsive
Despite the pervasive nature of all manifestations of digital, including social and mobile, much of the marketing emphasis remains dedicated to reaching people in mass, following a tried and true formula for advertising designed to build off consumer insights and craft compelling messages which could be distributed across a myriad of channels (including digital). The approach is designed for the broadcast industrial machine including print, radio and television, which, despite rumors of its demise is likely to stay with us for some time. The problem it poses however is that it is an approach that much like its counterpart in tech development, (Waterfall) is neither nimble nor flexible and isn’t built for rapid change nor does it adapt well beyond the dominant media it was designed for.

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“Content Marketing” Is Disrupting Modern Day Brand Building
CMOs, chief digital officers and brand managers across many organizations are currently grappling with the notion of content used in the context of marketing—inherently they understand that their customers value content, consume it, create it, and share it—and they want in on the action. They also understand that this type of content isn’t often the traditional campaigns they execute for broadcast so they face a dilemma:

What content do consumers value most?

How do they find it?

What gets individuals sharing content with peers?

How does content scale, reaching the right audience at the right time?

How do brands insert themselves into the content ecosystem in ways that bring value back to the brand?

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Responsive Marketing
The solution to the content question lies somewhere between acknowledging that a brand must support both a traditional, linear marketing model in addition to a newer, cyclical construct which is constantly in tune with the current environment and operates in consolidated time frames. Responsive marketing sits at the core of the content evolution that many companies find themselves trying to navigate as they pull together newsrooms,command centers and media operations which are designed to help brands act more like publishers. All of these can be effective in treating the symptoms a brand may exhibit if they possess only competencies in linear forms of marketing, but they do not address the root issue—deconstructing a marketing machine which places the majority of resources on mass marketing will ensure it never gains proficiency in alternate forms of content and media.

A more holistic approach is needed.

 

Logic+Emotion: Responsive Marketing.

Banks Seen Holding REOs for Higher Prices | Armonk Real Estate

Real estate agents report banks are keeping foreclosures off the market in hopes of higher prices, a practice that is temporarily reducing the percentage of distress sales but lengthening the foreclosure timeline.

The share of distressed properties in the housing market fell to a three-and-a-half-year low in April, falling to 33.0 percent in April, based on a three-month moving average. That was not only down from 35.6 percent in March, but also a very sharp drop from the 43.6 percent distressed property market share seen a year ago, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking

However, there also are reports from real estate professionals participating in the survey that many banks are holding back their sale of foreclosed properties until home prices climb further. As a result, there is the potential for a spike in distressed property sales in the coming months.

In the past year, charges that lenders have sought to manipulate REO process have increased as foreclosure inventories have declined.

In EForeclosure Magazine last April, Wells Fargo senior economist and vice president Scott Anderson explained that withholding a number of foreclosure properties for sale from the real estate market is a deliberate effort on the part of lenders to abate the drastic decline in home prices.

Results from a study of the foreclosures market showed that only one third of repo homes are being marketed for sale. Anderson added that if banks will release all foreclosure properties on their portfolios for sale, property values will surely take another steep plunge.

Anderson pointed out that withholding foreclosure properties from the market could greatly impact the balance sheets of lenders and for any individual who will try to sell a home or seek mortgage refinancing.

In studies for AOL Real Estate last year, RealtyTrac found that just 15 percent of REOs in the Washington, D.C., area were for sale, a statistic that is representative of nationwide numbers, the company said.  CoreLogic provided an even lower estimate, suggesting that just 10 percent of all REOs in the country are listed by their owners, which include Fannie Mae and Freddie Mac as well as the Federal Housing Administration. As of April 2012, 390,000 repossessed homes sat in limbo, while about 39,000 were actually listed for sale, said Sam Khater, senior economist at CoreLogic.

The drop in distressed property activity in April was accompanied by a parallel dip in the percentage of purchases attributable to investors, the latest HousingPulse numbers show. Investors accounted for 21.6 percent of home purchase transactions tracked last month based on a three-month moving average. That was the lowest investor share recorded since November.

Foreclosed properties in need of repair – or so-called damaged REO – remain the largest category of purchases by investors. Typically, investors buy these properties, fix them up, and then turn them into rental housing.

Last month investors accounted for 62.8 percent of damaged REO purchases, HousingPulse numbers show. This compared to a 63.9 percent share in March and a 60.4 percent share a year earlier.

 

Banks Seen Holding REOs for Higher Prices | RealEstateEconomyWatch.com.

Pound Ridge NY Weekly Real Estate Report | RobReportBlog

Pound Ridge NY Weekly Real Estate Report

5/23/2013
Homes for sale
88
Median Ask Price$1,045,000.00
Low Price$285,000.00
High Price$4,250,000.00
Average Size3903
Average Price/foot$354.00
Average DOM119
Average Ask Price$1,357,334.00

 

 

Pound Ridge NY Weekly Real Estate Report | RobReportBlog.

Some say housing may not lead the recovery | South Salem Real Estate

Robert Shiller, Karl Case and David Blitzer — leading experts in the housing market — believe several headwinds will keep a lid on housing gains, such as a low level of new home starts, an unexpectedly slow migration of so-called shadow inventory onto the market, and difficulty for buyers to secure financing, writes NBC News.

Yale University economist Shiller said:

“You’ve got a lot of breathless commentary in the media. All this talk that we’re in this great recovery—we probably are in the short run, the longer run doesn’t look so terrific to me.”

 

Some say housing may not lead the recovery | HousingWire.

Barbara Corcoran: From waitress to real estate queen | Waccabuc Real Estate

HOW10 barbara corcoran

Corcoran in her New York City apartment

(Fortune)

Barbara Corcoran’s story would make perfect fodder for movies or TV: A diner waitress with moxie takes a $1,000 loan, uses it to build the first woman-owned real estate firm in New York City, and rises to the top of residential real estate in the city before selling her firm, the Corcoran Group, for $66 million in 2001. Sure enough, the woman who once owned 14 red suits — her visual trademark — eventually found her way to the small screen, with regular roles on the Today show and Shark Tank, a reality hunt for entrepreneurial talent. Her bestselling books share business advice, and today Corcoran, 64, who was once too terrified to speak in public, enjoys giving motivational talks. Her story:

I grew up in Edgewater, N.J., the second oldest of 10 kids, and even though it was a very poor town, I thought we were the Kennedys because my father wore a suit to work. He was a printing-press foreman, and my mother was a housewife.


I went to Catholic school, and it was an accomplishment for me to make straight D’s. I say this because there’s always a dumb kid in school who thinks grades have something to do with what you end up doing in life. They don’t. It’s street smarts that helped me succeed. I had 20 jobs before I graduated from St. Thomas Aquinas College in 1971, doing everything from selling hot dogs to being an orphanage housemother in my senior year.

Barbara Corcoran: From waitress to real estate queen – May. 23, 2013.

New York Yankees star Alex Rodriguez sells Florida mansion for $30M | Bedford Hills Real Estate

Injured Yankees third baseman Alex Rodriguez already rakes in more dough than any player in baseball, earning $30 million a year for playing — or, this year, not playing — like a shell of his former self. And as it turns out, A-Rod also has a pretty good real estate racket going, too.

According to TMZ, the 37-year-old Rodriguez, who has been on the disabled list all season following January hip surgery, recently sold his nearly-20,000 square foot Miami mansion for a whopping $30 million, netting himself a profit of $15 million.

Rodriguez reportedly purchased the sprawling estate for $7.4 million in 2010. Then after putting in $7.6 million into renovating it, Rodriguez listed the nine-bedroom, 11-bath palace for $38 million in August. (It’s a shame he had to settle for such a lowball offer.)

Here are a few photos, via TMZ, of what you could have gotten for the equivalent of one year of A-Rod’s salary:

    

It’s currently not known who the buyer is — TMZ says it’s a celebrity from Palm Beach — butaccording to the New York Daily News, Rodriguez had been renting the home for more than $125,000 a month before settling on the $30 million purchase offer.

 

Report: New York Yankees star Alex Rodriguez sells Florida mansion for $30M – MLB News | FOX Sports on MSN.

Offers remain high even in depreciating markets | Pound Ridge Real Estate

Forty-one percent of buyers surveyed by Redfin said today’s low inventory has caused them to consider paying more for a home in the second quarter of 2013. This is up from 34% of survey respondents in the first quarter and 26% in the fourth quarter of 2012.

As someone who was looking to buy a home in this crazy North Texas market where prices continue to appreciate, I can attest to feeling the need to offer over list price. In fact, on the second home my husband and I put an offer on, we offered nearly $4,000 more than the original listing price of $214,000. This was only to find out that the home ended up selling for $225,000… another $5,000 on top of our offer. 

But what about the markets where prices are still depreciating?

According to the April Trulia Price Monitor, Honolulu, HI, New York, NY and Rochester, NY, also saw a decrease in the seasonally adjusted asking prices year-over-year. So are offers going in above listing price in these markets as well? 

Patrick Hastings, a broker/associate at RE/MAX Plus in Rochester, NY, says the market is surprisingly stable. 

Hastings said buyers are still going over the listing price on homes from time to time in multiple offer situations. In the good neighborhoods, there is still pent up demand, says Hastings. 

Patti West, an agent in Manhattan, said she is definitely still seeing offers come in at or above listing price.

It depends on the property, West said, because there are so many variables: how it’s priced to begin with, if it’s priced right to begin with, etc. 

There are some who still try to negotiate, but it depends on what the property is. For instance, condos are a bit more money, so they’re going in at asking or above listing price, while co-ops are a little bit more negotiable, according to West. 

So it seems that even in markets that are still depreciating, demand remains high. This only raises the question: at what point will that depreciation turn into appreciation? We’re going to guess soon.

 

Offers remain high even in depreciating markets | REwired.