10 Autumn Home Design & Décor Trends

by Raja Tayeb on September 3, 2010

home decor

With temperatures reaching record highs throughout the U.S., thoughts of autumn seem but a woeful wish. The fall season evokes thoughts of home and hearth, as families and friends eagerly anticipate re-connecting with one another amid busy lives.
Of course, most want a home design and décor that will impress, and help [...]

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A Frontier With a View on the Far West Side

by John Tayeb on September 3, 2010

STANDING on the corner of 10th Avenue and 33rd Street, opposite the high concrete barrier that surrounds the railyards, it is just possible to imagine what the far West Side of Midtown Manhattan looked like not long ago. There are parking lots and parking garages, a McDonald’s, and a boarded-up [...]

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5 Tips for Choosing the Perfect Home Floor Plan

by Raja TayebSeptember 2, 2010 Home Renovations

The layout of your home is probably one of the most significant choices you will ever make regarding your home. Regardless if you live in an apartment, a condominium or a house, the layout of the rooms and how they flow will largely depend on your lifestyle.  Whether you prefer single [...]

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Google Invests in Low-Income Housing

by John TayebSeptember 2, 2010 Housing Market News Update

Google Inc. is investing $86 million in a tax-credit fund to finance the construction of 480 low-income housing units.
The developments will be spread among seven communities in the West and Midwest to provide housing for low-income families and senior citizens. The housing will include units with as many as four bedrooms, according to a prepared [...]

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Commercial Real Estate Yields Spur Investors

by Raja TayebSeptember 2, 2010 Housing Market News Update

Yields on U.S. commercial real estate are nearing a record high compared to Treasury bonds. Many investors take that as a signal to buy property.
Capitalization rates, a measure of real estate yields, averaged 7.22 percent in the second quarter, as calculated by the National Council of Real Estate Investment Fiduciaries. That was 4.29 percentage points [...]

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Mortgage Rates Continue to Fall

by Raja TayebAugust 31, 2010 Foreclosures

Average interest on long-term mortgages slid to a record low for the eighth time in nine weeks and could dip more. Freddie Mac reports that 30-year fixed loans averaged 4.36 percent this week, down from 4.42 percent a week ago; the 15-year fixed rate fell to a new low of 3.86 percent from 3.90 percent; [...]

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Foreclosures Down, But Late Payments Up

by John TayebAugust 31, 2010 Foreclosures

The wave of foreclosures appears to be subsiding slightly. According to data from Mortgage Bankers Association’s National Delinquency Survey:
• The percentage of loans on which foreclosure action were started during the second quarter was 1.11 percent, down 12 basis points from last quarter and down 25 basis points from one year ago.
• The percentage of [...]

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Four questions to ask before choosing a mortgage broker

by Raja TayebAugust 30, 2010 Real Estate Trends 2010

Mortgage brokers are engaged in the business of finding you the best home loan. Their true clients are the lenders, and their real “job” is to deliver good, creditworthy borrowers like you.
Mortgage brokers have encountered a formidable competitor in the past decade or so, called the Internet. Borrowers can compare loans [...]

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Amount of Negative Equity Declines Slightly

by John TayebAugust 30, 2010 Foreclosures

Nearly 11 million, or 23 percent, of all residential properties with mortgages were in negative equity at the end of the second quarter of 2010, down from 11.2 million and 24 percent from the first quarter of 2010, according to housing analyst CoreLogic.
• Negative equity remains concentrated in five states: Nevada, which had the highest [...]

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Flood Insurance Program in Debt and in Trouble

by Raja TayebAugust 30, 2010 Housing Market News Update

The National Flood Insurance Program was designed to be self-sustaining, but it’s $19 billion in the hole. The Congressional Budget Office says the program will add $900 million a year to the debt.
The reasons, according to a review by USA Today, include leniency in allowing flooded home owners to rebuild over and over in the [...]

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