From the yearly archives:
2010
by John TayebDecember 20, 2010
commercial real estate
Despite predictions of Armageddon in the commercial real estate industry, the segment remains a moneymaker. Commercial Mortgage Backed Securities (CMBS) were among the top-performing assets classes this year. “A year or two ago these were priced for the second Depression and then some,” said Arne Espe, vice president of fixed income research at USAA Investment [...]
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by Tayeb Realty GroupDecember 20, 2010
Foreclosures
Many buyers are paralyzed by the vast selection of houses for sale and by the fear that the value of the property they choose will fall as soon as they own it. “Buyers have read a lot about foreclosures, short sales and how desperate sellers are,” says Sarah Ritter, an associate with RE/MAX Properties in [...]
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by John TayebDecember 16, 2010
Foreclosures
The government should retool its foreclosure-prevention program because so far it hasn’t worked, a report released Tuesday by the Congressional Oversight Panel declares. The program “will never have the reach necessary to put an appreciable dent into the foreclosure crisis,” the report says. The report calls for the Treasury Department to set objectives and hold [...]
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by Tayeb Realty GroupDecember 16, 2010
Foreclosures
The number of people with underwater mortgages has fallen to 10.8 million, representing 22.5 percent of Americans with a mortgage at the end of September, down from 11.3 million at the beginning of 2010, according to CoreLogic, a real estate research firm. If home prices decline again, as some analysts believe they will, the number [...]
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by Tayeb Realty GroupDecember 15, 2010
Home Decor Ideas
Christmas time is a great time to enjoy beautiful colors and enjoy friends and family around your home. This year, why not add eco-friendly practices to many of your family rituals, décor and entertaining? Eco-friendly and natural décor will bring your home an organic holiday touch, while preserving the festive nature of the season. Before [...]
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by John TayebDecember 15, 2010
Foreclosures
Lending industry consultants who are helping lenders re-evaluate former customers as they attempt to recover from the economic downturn and re-grow their businesses have developed new monikers for borrowers. Some of the terms and definitions are not too flattering. These include: Strategic defaulters: walked away from underwater homes, but are good risks because they earn [...]
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by Tayeb Realty GroupDecember 15, 2010
Housing Market News Update
Habitat for Humanity says it has built its 400,000th home. The organization was founded in 1976, and has served more than 2 million people worldwide. “In 2005 we celebrated our 200,000th house. Now, five years later, we have more than doubled that number thanks to the generous support of our volunteers and sponsors,” says CEO [...]
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by John TayebDecember 13, 2010
Home Decor Ideas
The holidays are here and that means decorating the house. The inside of the house has a different set of rules than the outside. When decorating the interior of your home, your décor style and family lifestyle take the front seat in decision making. While, when you decorate the outside of your home, the neighbors [...]
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by Tayeb Realty GroupDecember 13, 2010
commercial real estate
The two federal agencies charged with setting housing policy are at odds over a new program aimed at assisting borrowers whose homes are “underwater,” or worth less than what is owed on the mortgages. The Federal Housing Administration believes the program, which launched in September, could avert a large number of foreclosures by allowing some [...]
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by John TayebDecember 13, 2010
Foreclosures
Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets: 1. Low mortgage rates. With Fed observers expecting the central bank to keep the federal funds rate at its current target range of 0 percent to 0.25 percent for most (or all) of 2011, relatively low [...]
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