by John TayebApril 19, 2011
Foreclosures
Banks continue to receive backlash for their handling of a flood of foreclosures across the country. A new report released this week by federal regulators finds that banks failed to do a good job in handling foreclosures and sometimes evicted home owners when they clearly should not have. The problems were “significant and pervasive” and [...]
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by Tayeb Realty GroupApril 19, 2011
commercial real estate
Mortgage rates continued to slowly inch upward for the fourth consecutive week, according to Freddie Mac’s weekly mortgage market survey. “Although rates on 30-year fixed mortgages have risen four weeks in a row, they have remained below 5 percent for eight straight weeks now, helping to maintain affordability in the housing market,” says Frank Nothaft, [...]
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by Tayeb Realty GroupApril 18, 2011
Home Decor Ideas
Looking for fresh design ideas for pretentious and stylish teenage girls? In this post we will try to give a hand. For today we’ve gathered together a set of 25 pictures which represent young girls’ rooms. We tried to do a various selection: we went with some serious and sober interiors, but we also gave [...]
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by John TayebApril 18, 2011
Foreclosures
More investors are taking on the risk of flipping homes, despite falling home prices and sluggish real estate markets across the country. But investors say there are still profits to be made in the house flipping business. Nearly 1 million homes were bought as investment properties in 2010, according to the National Association of REALTORS®, [...]
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by Tayeb Realty GroupApril 18, 2011
Foreclosures
An investigator with the Internal Revenue Service says the government likely paid $513 million in home buyer tax credits to people who did not qualify for it, according to a new report released today by the inspector general. About $326 million went to more than 47,000 taxpayers who did not really qualify as first-time home [...]
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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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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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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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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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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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