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6 Reasons to Reduce a Home’s Price

by John TayebApril 28, 2011 general

The longer an overpriced home sits on the market, the more likely buyers will begin thinking something’s wrong with it. While you’d like to get the best price for your home, consider our six reasons to reduce your home price. These six signs may be telling you it’s time to lower your price. 1. You’re drawing [...]

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Arizona and Nevada Sue Bank of America

by Tayeb Realty GroupDecember 21, 2010 commercial real estate

Arizona and Nevada attorneys general filed suit against Bank of America on Friday charging that the lender misled home owners who tried to modify their mortgages. Nevada Attorney General Catherine Masto said the lawsuit is a last ditch effort to compel the bank to deal fairly with borrowers in two of the nation’s most foreclosure-prone [...]

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15 Top Retirement Cities

by John TayebFebruary 14, 2010 general

Boomers are willing to move farther than previous generations when they retire, and they are choosing places unlike stereotypical retirement hotspots, says Tom Brokaw in his report on Boomer retirement, airing on CNBC, Thursday, March 4 at 9 p.m. ET. The top places listed by AARP and explored on the show are: 1. Loveland/Fort Collins, [...]

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Housing Inventories Up Slightly in January

by Tayeb Realty GroupFebruary 7, 2010 general

Housing inventories in the 27 major metropolitan areas covered by ZipRealty rose only 2.87 percent in January, compared to December. Inventories in January usually rise sharply in anticipation of the spring selling season. Ivy Zelman, CEO of Zelman & Associates research firm, blamed this year’s situation on the unusually cold weather and the widespread decision [...]

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Can a Bike Generate Your Home’s Energy?

by Tayeb Realty GroupFebruary 3, 2010 general

A wind turbine marketed by Honeywell could make generating electricity a home-based business. The compact turbine resembles a 6-foot in diameter bicycle wheel that sits on a suburban roof. It can function at wind speeds as low as 2 mph, doesn’t make loud noises or vibrate excessively – two objections to competing turbines. The average [...]

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Power Savers – Energy Efficiency in the Residential Sector

by Tayeb Realty GroupJanuary 28, 2010 general

According to the U.S. Department of Energy’s 2008 Annual Energy Review, the residential real estate sector accounts for roughly a fifth (22 percent) of all energy consumption in the country. This considerable share of all energy consumption has led lawmakers to propose policies to improve energy efficiency in homes. At the same time, homeowners and [...]

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Home Prices May Still Be Too High

by John TayebJanuary 27, 2010 general

Adjusted for inflation, housing prices are still 15 percent to 20 percent higher than they were in the mid-1990s, calculates housing economist Dean Baker, co-director of the nonpartisan Center for Economic and Policy Research. “There’s no plausible fundamental explanation for that,” he says. Baker believes economic fundamentals translate to a weak recovery at best. “People [...]

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Mortgage Applications Fall for the Week

by Tayeb Realty GroupJanuary 27, 2010 commercial real estate

Mortgage applications declined 10.9 percent last week compared to the previous week on a seasonally adjusted basis, the Mortgage Bankers Association reported in its weekly survey. On an unadjusted basis, applications decreased 10.1 percent compared with the previous week and were down 19.8 percent compared to the same week last year. Refinances decreased 15.1 percent [...]

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6 Surprising Facts About the Buyer Tax Credit

by John TayebJanuary 23, 2010 general

The homebuyer tax credit is not as simple or straightforward as you might think. Here are some nuances that will affect homebuyers who plan to use it. To qualify for the move-up tax credit, a home owner must have occupied the same principal residence for five of the last eight years consecutively. Buyers can elect [...]

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Fewer Defaults: Could the Worst Be Over?

by Tayeb Realty GroupJanuary 23, 2010 Foreclosures

The number of consumer loans that are going bad is leveling off, reports Bank of America, Wells Fargo and other large banks, signaling that the worst could be over. Bankers reported that credit quality is stabilizing with lending losses expected to peak this year. But analysts warned that any new hit to the economy could [...]

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