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From the monthly archives:

June 2010

Sleek, Beatiful and Inspiring Design in a White Apartment

by Tayeb Realty GroupJune 30, 2010 home improvement

Since on Freshome we see a lot of interiors, we are getting harder and harder to impress. However, this sleek apartment did a great job in doing so. As you can see, this loft is not exactly what one could call common and ordinary. Not only that, but it has such a well defined personality [...]

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Make Small Spaces Bigger: 5 Ways to Show Off Space

by Tayeb Realty GroupJune 29, 2010 home improvement

Buyers want spacious homes. Here’s how you can show off every square inch. Size does matter when it comes to the perception of space in a home. That’s why it’s important to make sure you show off every square foot of your listing so that buyers can visualize enough room for all of their belongings. [...]

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Oil Drives Beach Property Prices Downward

by John TayebJune 29, 2010 commercial real estate

Oil and the threat of it along the Gulf Coast is driving down real estate prices, hitting an area hard that has already suffered from hurricanes as well as the general real estate downturn. Mike Boudreaux, president of Gulf Coast Investment Developers in Biloxi, Miss., says beach property isn’t selling even though “if you walk [...]

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Forecasters Split on 2010 Housing Market

by Tayeb Realty GroupJune 29, 2010 Housing Market News Update

Economic forecasters appear to be split on the outlook for residential real estate values. The news this week regarding new- and-used home sales in May seems to support the views of bears like Dean Baker, co-director of the Center for Economic and Policy Research. Baker projects that home prices will decline 12 percent in 2010. [...]

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Mortgage Rates Hit an All-Time Low

by John TayebJune 28, 2010 Foreclosures

Average interest on a 30-year fixed mortgage fell to an all-time low of 4.69 percent this week, down from 4.75 percent a week ago, reports Freddie Mac. Although rates have held below 5 percent since early May, Michael Fratantoni of the Mortgage Bankers Association notes that demand for purchase loans has fallen in six of [...]

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Financial Compromise Bill Close to Passage

by Tayeb Realty GroupJune 28, 2010 commercial real estate

The U.S. House and Senate reached agreement early Friday morning on the largest financial overhaul since the Great Depression. The bill will particularly affect home buyers seeking mortgages, requiring lenders to ensure that a borrower is able to repay a home loan by verifying income, credit history, and employment. It also would ban payments to [...]

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What Do Apartment Dwellers Really Want?

by Tayeb Realty GroupJune 25, 2010 Housing Market News Update

Nationwide apartment rental firm ApartmentGuide.com says the majority of apartment seekers between June 2009 and June 2010 looked for apartments in the $500 to $700 price range, followed by $700 to $900. Distance from the city center was also a factor, with the majority of apartment hunters seeking homes five miles form the city center, [...]

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Find Out Which U.S. Cities Are Growing Fastest

by John TayebJune 25, 2010 Housing Market News Update

The U.S. Census Bureau has released its most recent population estimates for the nation’s incorporated places, including cities, boroughs, and villages. These are not 2010 population counts. They reflect administrative records, including updated housing unit estimates. The first 2010 U.S. census counts will be available by April 1. 2011. Bloomberg BusinessWeek used the data to [...]

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Inmates Get $9.1 Million in Home Buyer Credits

by Tayeb Realty GroupJune 24, 2010 commercial real estate

More than 1,200 prison inmates, including 241 serving life sentences, applied for and received first-time home buyer tax credits, according to a Treasury Department report released Wednesday. Treasury said many filed multiple claims, even some outside the alloted time persiod, and received help from paid preparers. Altogether they fraudulently received $9.1 million in tax credits [...]

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Geithner: Bailout Costs Should Be Recouped

by John TayebJune 24, 2010 commercial real estate

Treasury Secretary Timothy Geithner told the Congressional Oversight Panel on Tuesday that taxpayers were likely to get most of their investments back from bailouts in the banking, insurance, and automotive businesses. Geithner said that banks have repaid about $21 billion, 75 percent of the bailout money they received. He said General Motors and Chrysler will [...]

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