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From the yearly archives:

2010

How To Design A Two-Room Apartment With Style

by Tayeb Realty GroupDecember 28, 2010 Home Decor Ideas

Having a small apartment can be a drag when it comes to implementing the desired interior design idea. Here is an example of a two-room apartment which is both very aesthetic and functional. So how did they do it?As you can see, the home plan features a hallway, two rooms (left and right), a kitchen [...]

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5 Reasons to Buy a Home in 2011

by John TayebDecember 27, 2010 Foreclosures

Michele Lerner, author of Homebuying: Tough Times, First Time, Any Time, offers reasons why real estate is likely to improve in 2011. Here are five reasons she thinks consumers should consider a home purchase next year: Mortgage rates will stay low. Even with rates climbing — maybe to as high as 6 percent by 2012 [...]

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Long-Term Rates Drop Back a Bit

by Tayeb Realty GroupDecember 27, 2010 commercial real estate

Long-term mortgage rates dipped a bit in the week before Christmas, according to Freddie Mac. The mortgage giant reported that interest on 30-year, fixed loans averaged 4.81 percent — down from 4.83 percent the week before and 5.05 percent a year earlier. The 15-year, fixed rate, meanwhile, averaged 4.15 percent compared to 4.17 percent the [...]

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Economic Growth Exceeds Forecast

by John TayebDecember 24, 2010 commercial real estate

A rash of favorable economic reports, including a jump in consumer spending and a drop in layoffs, are offering hope for a pickup. Moreover, new Commerce Department data show U.S. gross domestic product grew 2.6 percent in the third quarter — not 2.5 percent as initially reported. The encouraging signs are prompting some economists to [...]

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Economists Predict Flat Home Prices

by Tayeb Realty GroupDecember 24, 2010 Foreclosures

Twenty-three economists surveyed this month by CNNMoney.com expect home prices to be flat in 2011. Five of the economists expect prices to fall in 2011 and then climb only 2.2 percent in 2012. The problem is unemployment. John Ryding, chief economist of RDQ Economics, says the working-age population grew by 4 million in the last [...]

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Lenders ‘Foreclose’ Homes They Don’t Own

by John TayebDecember 23, 2010 Foreclosures

In dozens of incidents nationwide, confused banks have ransacked properties that were either not mortgaged at all or were mortgaged by a different lender or were a customer of the bank in question but were current on their payments. For instance, Bank of America broke into Alan Schroit’s second home in Galveston, Texas, and turned [...]

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2011′s Strongest and Weakest Markets

by Tayeb Realty GroupDecember 23, 2010 Foreclosures

Home prices are expected to rise in 40 percent of major metropolitan areas, according to Veros Real Estate Solutions, a research firm that provides information to the mortgage industry. The markets Veros expects to be strongest are: San Diego/Carlsbad/San Marcos, Calif. Kennewick/Richland/Pasco, Wash. Pittsburgh Fargo, N.D. Washington, D.C. metro area The five markets Veros expects [...]

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Arizona and Nevada Sue Bank of America

by Tayeb Realty GroupDecember 21, 2010 commercial real estate

Arizona and Nevada attorneys general filed suit against Bank of America on Friday charging that the lender misled home owners who tried to modify their mortgages. Nevada Attorney General Catherine Masto said the lawsuit is a last ditch effort to compel the bank to deal fairly with borrowers in two of the nation’s most foreclosure-prone [...]

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Geithner Backs Mortgage Service Standards

by John TayebDecember 21, 2010 Foreclosures

U.S. Treasury Secretary Timothy Geithner said Thursday that he believes the U.S. needs national standards for mortgage servicers. Geithner plans to charge the new Consumer Financial Protection Bureau with creating these new standards. He expects them to start by examining existing state standards. “We got this terribly wrong as a country,” he said. “We want [...]

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Growing Economy Big Factor for Buyers

by Tayeb Realty GroupDecember 21, 2010 commercial real estate

Economists are surprisingly positive about the impact of rising interest rates on home sales. The consensus is that while rates are up from where they were, they are still at historically low levels and rock bottom rates are only a part of what encourages people to buy homes. More important factors could be jobs and [...]

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