Archives for 2012

The history behind Don McLean’s “American Pie”

The longest song to have ever hit the top of the charts, Don McClean’s 1971 hit “American Pie” is familiar, at least in part, to people everywhere, but did McLean ever explain its significance beyond the death of Buddy Holly and company?

It turns out, the answer is no, though McLean’s story should be an inspiration to any kid suffering from all these ozone action days, seeing that his singing career was inspired by the limitations of and the exercises he did to improve severe asthma.

That’s just part of this epic song’s story, but here’s what we know of McLean’s interpretation of his work according to Eddie Denezen’s guest post at Neatorama:

Don’s album American Pie was released in 1971 and contained a song that was to become a part of music history. “I can’t necessarily interpret ‘American Pie’ any better than you can,” Don was to tell Life magazine. With one exception: Don was to say “Buddy Holly was the first and last person I ever idolized. Most of my friends liked Elvis Presley, more of them liked Elvis Presley than Holly, but I liked Holly because he spoke to me. He was a symbol of something deeper than the music.”

While a young boy delivering newspapers, Don clearly remembers reading about Holly’s fatal plane crash, along with Richie Valens and the Big Bopper. In his stack of papers for February 3, 1959, Holly’s profound effect on McLean was indelible and, 12 years later, was to be the genesis of “American Pie.” Yes, the song was definitely about the tragic death of Buddy Holly, a great hero of Don’s, but aside from this basic agreed-upon point, he has never discussed the rest of the enigmatic lyrics…
[pb_vidembed title=”” caption=”” url=”http://www.youtube.com/watch?v=tr-BYVeCv6U” type=”yt” w=”600″ h=”338″]
Full story at Neatorama.

Residential Housing Inventory Shortage

housing shortageWe are now experiencing, in most market areas, a shortage of homes available for sale. Favorable market conditions have produced a surge of local home buyers (backlog) on top of the elevated number of residential investors. This combined with fewer homes coming on the market has created a shortage of inventory in the more affordable and mid price ranges and the upper end close to job centers.

Possible Sources of Additional Homes for Sale and How to Optimize Support:

1. Sellers with Equity – there has been a major market change

  • Sellers can sell their homes in today’s market
  • OK to buy/sell within same market timing
  • By waiting for higher prices, the next home purchased may also be at a higher price

2. Underwater Sellers – Short Sales

  • Streamline response / acceptance process
  • Pre-approved short sales

3. Resale Condominiums

  • Move up to 70% FHA occupancy ratio

4. Home Price Appreciation – will unlock current “underwater” sellers

  • Appraisal process is restraining the housing recovery

5. New Construction

  • Promote presale product
  • Need streamlining of land development permit process

6. Foreclosures

  • No bulk sales to National investors (market by market analysis)
  • Keep foreclosures available for local home buyers/investors

7. New Condominium Projects

  • Need to overcome construction financing  and take out home buyer financing

8. Apartments converting to condominiums

  • Streamline Process

source: Lennox Scott CEO of John L. Scott Real Estate

So You Want a Bathroom Television

bath_tvWhether you want to wash with soap operas or primp with prime time, these guidelines for installing a TV in the bathroom can help

I’ll get this out of the way first: I’ve always had a hard time understanding the appeal of TVs in bathrooms. Unlike the kitchen, which is usually the hub of household life, or a den where family and guests gather, a bathroom seems to me as though it should be a private retreat and a haven from the outside world (temporarily, at least).

But let’s say you do want a television in your bath — perhaps you enjoy its background noise while you prepare for bed, or you like to get a jump on the day’s headlines as you primp in the mornings. It’s not quite as simple as mounting a flat screen on the living room wall; you’ll need to factor in a few special considerations. Here’s what to keep in mind.

Gold Medal Doesn’t Guarantee Win in Real Estate

Michael-PhelpsSwimmer Michael Phelps is finding that being the most-decorated Olympian of all time doesn’t necessarily help you in real estate. Phelps’ 4,000-square-foot condo along the popular Inner Harbor area of Baltimore lingered on the market for several months before reportedly being sold for $440,000 less than what he originally paid for it.

The three-bedroom, four-floor condo “loft” features hardwood floors, 2.5 baths, granite countertops, and floor-to-ceiling windows with waterfront views. (View the listing.)

Phelps purchased the condo in 2007 for just under $1.7 million. The condo was listed recently for $1.42 million. Some media agencies are reporting the property just recently went under contract for $1.25 million.

Source: “Where Phelps Can’t Finish: The Housing Market,” Zillow (Aug. 2, 2012) and “Michael Phelps Wire: Has the Phenom Sold His Townhouse?” Curbed.com (Aug. 2, 2012)

Home values rise for first time in 5 years

Home prices nationwide have hit a bottom, and home values are finally on the rise.Home prices nationwide have hit a bottom, and home values are finally on the rise.

NEW YORK (CNNMoney) — Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday.

Nationwide, home values rose 0.2% year-over-year to a median $149,300 during the second quarter, the first annual increase since 2007, real estate listing site Zillow reported. Prices were up 2.1% from the first quarter.

Even though June marked the fourth consecutive month of home value increases, overall home prices are still down almost 24% since April 2007, when Zillow began to track home values.

“[I]t seems clear that the country has hit a bottom in home values,” said Zillow’s chief economist Stan Humphries. “The housing recovery is holding together despite lower-than-expected job growth, indicating that it has some organic strength of its own.”

Last winter, Zillow projected that the housing market turnaround would not arrive until the end of the year.

Other home price indexes have also recorded gains lately, including the S&P/Case-Shiller home price index. In it latest release, it reported thathome prices in 20 major markets rose 1.3% in April, the first monthly increase in seven months.

Where home prices are rising the fastest

Zillow uses a different methodology in calculating home values than other home price indexes like Case-Shiller and the Federal Housing Finance Agency. Sales of foreclosed, bank-owned properties, for example, are not factored into Zillow’s data. Zillow does include short sales, however, which are more difficult to distinguish from conventional sales.

“Our index is geared to consumers, conventional sellers deciding whether they want to put their homes on the market,” said Humphries.

The indexes that include foreclosures in their market data show larger price declines. The peak-to-trough drop for the S&P/Case-Shiller home price index, for example, is about 34% compared with Zillow’s 24%.

Fewer than one third of the 167 metro areas Zillow surveyed recorded annual increases in home values, but the size of the price gains in these areas more than offset the losses posted by the remaining two-thirds of the markets.

In Phoenix, the biggest gainer, home values soared 12.1% year-over-year to a median of $136,200. Meanwhile, the biggest loss sustained by any of the 30 largest metro areas was in Chicago where median home values fell 5.8% to $158,600.

Foreclosures remain one of the biggest risks to the housing market recovery, Humphries said. In the wake of the national foreclosure settlement which clarified how banks can legally pursue foreclosures, Humphries expects the pace of foreclosures to pick up.

“That will translate to more homes on the market,” he said. “But we think demand will rise to absorb that.”

Zillow expects the housing market to continue to slowly recover, with median home values projected to climb 1.1% — relatively flat — over the next 12 months.

Most affordable cities for buying a home

Beaten down markets like Phoenix, Las Vegas and many Florida cities, will likely record greater-than-average gains over the next 12 months, said Humphries.

The results in those places, however, will be bumpy. Home price increases will cause some homeowners who have been patiently waiting for values to rebound to put their homes on the market. And those additional listings could cool prices for a while, resulting in a staircase effect with “price spikes followed by plateaus,” said Humphries.

source: cnnmoney.com

Facebook Approaches 500 Million Mobile Users – Infographic

Facebook-Approaches-500-Million-Mobile-Users-InfographicI do enjoy my cycling and it is a great way to keep fit, socialize and  enjoy coffee all in one capsule of time.

It also is one way of refreshing the body, mind and soul from the the pressures of work and life.

Cycling though can be dangerous, with trucks and cars and other immovable objects threatening life and limb.

But there is a new and alarming epidemic and trend that is making the roads more dangerous and it is the addicted Facebook user checking their timeline on their mobile.

Luckily the police have realized this and in fact in Fort Lee, New Jersey in the USA they have started bookingdangerous” walkers who are not obeying the rules of the road“.

It certainly is about time because it would be embarrassing to report to my friends that I was injured cycling not from a hitting a bus but by being taken out by an over zealous and jaywalking Facebook user on their mobile!

Facebook Understands the Importance of Mobile

Facebook must have been talking to the police about this mobile addiction trend because they have just bought  Instagram which isn’t even a social media website but just a mobile app (a mobile app that just happens to have nearly 40 million users).

Additionally Facebook has increased its focus on mobile in preparing for a mobile and social web that goes  beyond the Instagram acquisition with the purchase of the Android  photosharing app developer “Lightbox” as reported by Techcrunch.

Lightbox creates photo blogs from a users uploads and has been described as the “Lazy man’s Tumblr

Now before you rush off and try and sign up to Lightbox, the acquisition is not the business or the app but only the team, as it will be closed down by June 15 and you will see its technology emerge as a Facebook mobile feature sometime in the future.

The other common element to take note of with both these acquisitions are that they are photo centric “apps”, because Facebook knows that photos are the highest engaging content on its platform (50% higher share rate than any other type of update on Facebook timelines)

The challenge that still remains for Facebook,  is how they will monetize the burgeoning mobile space.

The Compelling Facts and Figures

One other compelling reason Facebook is aggressively chasing mobile users is that in the developed countries its growth is approaching saturation point.

In developing countries the use of mobile is predominant with telecommunications infrastructure being built around mobile technology instead of fixed.

This is evident with countries like New Guinea (78%) and  Nigeria (81%) having some of the highest Facebook mobile penetration in the world.

  • 54% Penetration of Facebook mobile (488 million out of 901 million users)
  • Android and Apple share the largest mobile platform usage at 19% each
  • iPad is 5% of Facebook mobile usage
  • The top 5 countries using Facebook mobile are USA, Indonesia and India followed by the UK and then Mexico

Facebook-and-Mobile-Growth-Infographic

Read more at http://www.jeffbullas.com/2012/05/18/facebook-approaches-500-million-mobile-users-infographic/#gK2FMBQCZjQxIyIH.99

See the INSIDE from the OUTSIDE, ANYtime – ANYwhere [video]

[pb_vidembed title=”” caption=”” url=”http://www.youtube.com/watch?v=05whx5TaJPQ” type=”yt” w=”600″ h=”338″]Continuing the tradition of enhancing the home search experience with innovative tools, John L. Scott introduces mobile apps for the iPhone, iPad and Android devices to bring you a full featured, mobile search experience – anytime, anywhere. Searching for a home has never been simpler or more convenient. Get comprehensive listing information in seconds on your Smartphone or mobile device.

Download it here from your mobile device: iPhone | iPad | Android

Who Are the World’s Richest Musicians? [Infographic]

rock_starsThis week we learned that Mariah Carey would replace Jennifer Lopez on American Idol — and would become the highest paid reality show judge of all time. You can just add that to her endorsement deals, Home Shopping Network deal, and, you know, her whole recording career.

2012 is shaping up to be a great year for Forbes-worthy musicians: Dr. Dre’s Beats Electronics acquired MOG, Jay-Z’s Brooklyn Nets completed their billion-dollar stadium, and Bono’s private equity firm saw its investment in Facebook pay off. How do they stack up against other millionaire (and billionaire) musicians? Check out the infographic below.

richest-rockstars

Music From A Tree [Video]

[pb_vidembed title=”” caption=”” url=”http://vimeo.com/5583313″ type=”vem” w=”600″ h=”338″]In the garden of my house there’s a tree with lots of randomly grown twigs. It looks odd and nice at the same time. One day I asked myself if I could create a piece of music with it.

To tune the tree I picked a fundamental note and tuned the twigs by trimming them with a pencil sharpener. I used two Røde NT6 and a NTG-2 as microphones, combined with a customized stethoscope.

I recorded the tracks live on a Pro Tools LE system. I didn’t use any synthesizer or sampler to create or modify the sounds. All the sounds come from playing the tree, by bowing the twigs, shaking the leaves, playing rhythms on the cortex and so on.

At this link you can see some pictures with more detailed descriptions: behance.net/Gallery/Music-from-a-Tree/263872