Posts Tagged ‘Idea Associates’
Affluents Right at Home in the Digital World
Posted by Sibet B Freides in Demographics, Marketing on September 27th, 2011
In a recent survey about lifestyles and attitudes, 79% of affluents shared that in the last decade their lives have become quite intertwined with technology, including digital advertising. Almost 60% said they took action as a result of seeing a digital ad, including clicking, searching for more information, buying the product online, or going to a retail store to purchase.
Agencies have traditionally felt this group was the hardest to reach through any media, especially TV and radio. However, they are actually the heaviest users of digital media, spending at least six hours more a week than the general population.
What does this mean?
The paradigm has shifted; you can expect affluents to respond to digital advertising and even share information about them so they can have a more personal online experience.
They still seek clever and attractive ads that entertain, but affluents look for balance and relevancy, as long as it is on their terms and they are not repeatedly interrupted with ads that demand immediate action.
Boomers: Is the Housing Market’s Cavalry Here?
Posted by Sibet B Freides in Demographics, Real Estate Economics, Real Estate Trends on September 22nd, 2011
Being able to easily meet today’s required 20 percent down payment, boomers should be ready and able to bail this generation out of the housing muddle. So why is this not happening?
Unfortunately, the boomers are too busy taking care of the Gen-Xers that CAN’T qualify for a mortgage in today’s restrictive market.
I still think there’s hope for the market to be recovered by this steadfast generation. For one, they did not purchase their first home during the recent housing boom, so this means they will have a larger home equity cushion and the ability to secure a reverse mortgage.
They are also looking for a different lifestyle and product and are ready to buy. According to the NAHB, specifically appealing to boomers are single-story homes and with all living space on one level.
The 55+ demographic actually account for almost a quarter of all new custom-home purchases, so builders should be catering to this group of middle agers. Unfortunately, homebuilders are contending with a huge overhang of existing homes on the market, and having a harder time getting banks to sign off on construction loans.
Do you think the boomer generation will lead the housing revival? We’ve already seen signs, do you think it’s just a matter of when? Let us know by commenting below or posting on our Facebook page!
New Break for Unemployed Homeowners
Posted by Sibet B Freides in Real Estate Economics, Real Estate Trends on July 20th, 2011
The Obama administration is making it easier for out-of-work homeowners to stay in their homes.
As of August 1, the Federal Housing Administration will extend the period for unemployed homeowners to miss mortgage payments to a full year instead of three months. You read that right. That means homeowners can go a full 12 months without making a monthly payment before the foreclosure process starts.
This will only apply to FHA-backed loans, which represents about 14 percent of all current mortgages. The government does hope that Fannie and Freddie, and perhaps even private lenders will also adopt this new policy.
The initial foreclosure program was launched in 2009 to help those at risk of foreclosure by lowering their monthly payments on a trial basis, but creating permanent loan modifications has not been very successful to date.
Recently, President Obama tweeted that the housing market has “been most stubborn to us trying to solve the problem,” admitting, too, that the government’s programs to aid homeowners hasn’t been enough to help the economy.
According to msnbc.com, the failures of the foreclosure assistance program has been blamed on the three largest U.S. mortgage lenders for incorrectly determining many applicants ineligible for assistance.
Do you think the FHA’s new 12-month delay program will make the difference needed in our housing market? What would you have done differently if you were in charge? Let us know by commenting below!
Does Direct Mail Still Work?
Posted by Sibet B Freides in Demographics, Marketing on July 19th, 2011
I’m not talking about eBlasts or opt-in newsletters. I mean something in an envelope that actually arrives in your physical mailbox.
Print is dead. Direct mail is dead. Outdoor is dead.
Or are they?
If you are still estimating your ideal client’s demographics using old-school thought processes, then buying a generic list most likely won’t work. Why? Because you really don’t know the customer or anything about them.
How does direct mail still work in a digital age?
Know your audience. Match your direct mail piece to their current lifestyle, possessions and desires or needs. Once you’ve captured your audience, really stir up their emotions. You can employ old-school marketing to the new age of really knowing your buyer and what motivates them.
What medium are you using to get to know your clients or customers? Social Media? Focus groups? Do you hire consultants to profile your audience? Let us know by commenting on the blog below, or posting on our Facebook page!





