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Surprising Apartment Design in Paris: Le Loft des Innocents

by Tayeb Realty GroupApril 12, 2011 Architecture

Le Loft des Innocents is an inspiring and amazing looking apartment in Paris, redesigned by Frédéric Flanquart after an accidental fire had destroyed parts of its former interior. Here is an excerpt from the designer’s description: “The outlook of this area turned really fast into a crazy challenge: design and achieve a shell-free space with [...]

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Growth Slows in U.S. Cities

by John TayebApril 12, 2011 Housing Market News Update

The 30-year fixed-rate mortgage continued to rise slightly for the third straight week, but still remains low by historical standards, reports Freddie Mac in its weekly mortgage market survey. The 30-year rate averaged 4.87 percent this week, but continues to be well-below its average of 5.21 percent a year ago. The 15-year fixed-rate mortgage this [...]

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Mortgage Rates Continue to Inch Upward

by Tayeb Realty GroupApril 12, 2011 commercial real estate

The 5-year adjustable-rate mortgage also is inching up slightly, averaging 3.72 percent this week from 3.7 percent last week. Overall, “mortgage rates were little changed after an encouraging employment report from the Bureau of Labor Statistics,” says Frank Nothaft, the chief economist at Freddie Mac. The improved job picture could soon provide a boost to [...]

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Coffee Table Inspired by a Photo Album: Remembrance by Micth Steinmetz

by John TayebApril 11, 2011 Home Decor Ideas

Micth Steinmetz recently came up with an original coffee table design. Resembling a giant photo album, this table is a unique addition to any living room, adding personality and creativity. According to the designer, “the photo album preserves memories, giving life to past events and emotions. Remembrance combines the social interaction of family gatherings with [...]

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Gov’t Shutdown Looms, More Warnings to Housing

by Tayeb Realty GroupApril 11, 2011 Housing Market News Update

Housing and Urban Development Secretary Shaun Donovan told Senate lawmakers that he is “very concerned” about the consequences of a government shutdown on the housing market. Donovan warned lawmakers that lenders would have to stop making loans that are backed by the Federal Housing Administration, a government agency that insures home mortgages and is a [...]

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Where You’ll Find the Most Stubborn Sellers

by John TayebApril 11, 2011 Foreclosures

On average, sellers reduce their list prices after about 2.5 months by 8 percent when a property hasn’t sold yet, according to a new report by Trulia.com, which analyzes non-foreclosure listings of residential properties between March 2010 and 2011. After making one price reduction, 35 percent of those sellers will make a second price cut [...]

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Fed to Maintain Stimulus Efforts

by Tayeb Realty GroupMarch 9, 2011 commercial real estate

Experts expect the Federal Reserve to wait for more proof of a self-sustaining economic recovery before scaling back stimulus efforts. Fed officials, meeting March 15, likely will keep short-term interest rates near zero and allow a $600 billion Treasury bond-purchase program to run until June as planned. Fed Chair Ben Bernanke told lawmakers he is [...]

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4 Model Homes Tricks to Use on Your Listings

by John TayebMarch 9, 2011 Home Decor Ideas

Model homes are designed to give buyers the allusion of perfection. Mary Cook, an interior designer with Mary Cook & Associates, has built her business around “merchandising” model homes for builders nationwide, and she says sellers could learn from tricks of model merchandisers in preparing their own home for sale. Here are a few tips [...]

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Refinement and Inspiration from the Heart of New York

by John TayebMarch 8, 2011 Home Decor Ideas

The stylish interiors in the photos below were photographed in a building located on Park Avenue, New York, USA. Combining modern amenities with classic refinement, the design of this duplex features some interesting details which could serve as inspiration when decorating. The living room is spacious and diverse, presenting a large window overlooking Park Avenue [...]

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Future of 30-Year Mortgages at Risk?

by Tayeb Realty GroupMarch 8, 2011 commercial real estate

Proposals to phase out Fannie Mae and Freddie Mac may make 30-year fixed-rate mortgages harder to find, housing experts say. An outline drafted by the Treasury Department, the Department of Housing and Urban Development, and the White House and circulated last month calls for winding down Fannie and Freddie over the next five to seven [...]

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