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Mortgage Rates Fall Yet Again

by John TayebSeptember 7, 2010 commercial real estate

Mortgage rates have hit a new record low for the 10th time in 11 weeks as investors continue to turn to Treasury bonds as a safe haven; the shift in money is cutting yields, which mortgage rates tend to follow. Freddie Mac reports that 30-year fixed loans averaged 4.32 percent, down from 4.36 percent a [...]

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Fed Officials Call for More Housing Help

by Tayeb Realty GroupSeptember 7, 2010 Foreclosures

Federal Reserve officials attending a Fed conference reviewed the housing crisis and called for more programs to address broader issues. Eric Rosengren, president of the Fed’s Bank of Boston, said he is in favor of a more “holistic” approach. “My own view is that too little focus has been on community problems because the focus [...]

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10 Autumn Home Design & Décor Trends

by Tayeb Realty GroupSeptember 3, 2010 home improvement

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 de-compress, impending company [...]

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A Frontier With a View on the Far West Side

by John TayebSeptember 3, 2010 Housing Market News Update

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 Irish pub, and not much [...]

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5 Tips for Choosing the Perfect Home Floor Plan

by Tayeb Realty GroupSeptember 2, 2010 home improvement

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 story or multiple stories, [...]

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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 [...]

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Commercial Real Estate Yields Spur Investors

by Tayeb Realty GroupSeptember 2, 2010 commercial real estate

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 [...]

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Mortgage Rates Continue to Fall

by Tayeb Realty GroupAugust 31, 2010 commercial real estate

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 [...]

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Four questions to ask before choosing a mortgage broker

by Tayeb Realty GroupAugust 30, 2010 mortgage

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 through sites like [...]

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