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Fewer Home Owners Are Under Water

by Tayeb Realty GroupAugust 9, 2010 Foreclosures

Some 21.5 percent of borrowers owed more than their homes were worth in the second quarter of the year. That’s compared with 23.3 percent in the first quarter. “It is the paramount challenge facing housing markets,” said Stan Humphries, Zillow.com’s chief economist. Humphries said that much of the improvement came from homes falling into foreclosure, [...]

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REIT Funds Are Flying High

by Tayeb Realty GroupAugust 6, 2010 commercial real estate

Analysts report that the surprising outperformance of exchange-traded funds that track real estate stocks since the first of the year suggests improvement in the economy and the battered commercial-property sector. In their second-quarter earnings outlook, analysts at Keefe, Bruyette & Woods write that REITs have outperformed the broader market “in anticipation of upcoming growth opportunities, [...]

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Idea On Making The Best Of A Small Apartment

by John TayebAugust 5, 2010 home improvement

This fascinating one room apartment stretches over an area of only 36 sqm, yet it is very smartly organized. The walls are painted in white which is actually the basic rule for increasing the feeling of space into a small home. The plan of this beautiful looking loft is quite simple: it has one room [...]

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Home Purchase Applications Rise

by Tayeb Realty GroupAugust 5, 2010 Housing Market News Update

Applications to purchase homes rose 1.5 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association. The unadjusted purchase index also rose 1.5 percent, and it was up 7.1 percent compared to four weeks ago. Compared to the same week a year ago, it was down [...]

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Beautiful Bedroom with Decorative Stone Elements, Milan 2010

by John TayebAugust 4, 2010 home improvement

This bedroom inspires a lot of warmth and tranquility. At the Furniture Fair we kept walking all day long, going from one furniture stand to the other, so we were really pleased to find out designs that were worth our while. So when I said that this place inspires tranquility, it was not just a [...]

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Five Surprising Reasons to Buy a Home Now

by Tayeb Realty GroupAugust 4, 2010 Foreclosures

ForSaleByOwner.com offers five good reasons why now is a great time to buy a house: Low mortgage rates serve as an equity shock absorber. When buyers borrow at today’s record-low rates, they start building equity as soon as they close. That means they can absorb a few ups and downs as the still-recovering housing market [...]

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Construction Spending Rose in June

by John TayebAugust 4, 2010 commercial real estate

Overall construction spending rose in June, driven by record government spending, the U.S. Department of Commerce reported Monday. Spending on single-family residential structures declined 0.7 percent in June, the first time that number has gone down in a year. Funding for public construction increased 1.5 percent in June, with most of the money spent on [...]

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Pending Home Sales Ease After Tax Credit

by Tayeb Realty GroupAugust 4, 2010 Home Buyer Tax Credit 2009

Pending home sales edged down with near-term sales expected to be notably lower in contrast to the spring surge when buyers rushed to take advantage of the home buyer tax credit, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator, declined 2.6 percent to 75.7 based on contracts signed [...]

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Foreclosures Account for 31% of Sales

by John TayebJuly 2, 2010 Foreclosures

Online foreclosure marketplace RealtyTrac reported today that homes in foreclosures accounted for 31 percent of the residential sales in the first quarter of 2010. The average sales price of these properties was nearly 27 percent below the average sales price of properties not in foreclosure. RealtyTrac expects foreclosure discounts to stay between 25 percent and [...]

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Financial Reform Bill Gives Nod to Simple Loans

by Tayeb Realty GroupJuly 1, 2010 Foreclosures

Under the proposed financial reform compromise bill, a mortgage lender would have to keep 5 percent of each mortgage when it is securitized, unless the mortgage is a plain vanilla type of loan that the government dubs a “qualified residential mortgage.” Analysts believe that such an incentive is means that the mortgages available to most [...]

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