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Real Estate Trends 2010

4 Red Flags That Send Buyers Running

by Tayeb Realty GroupMarch 7, 2011 Real Estate in New York

How you present a listing online and the words you choose to describe it may be turning off some buyers. Bankrate.com recently asked real estate professionals to weigh in on what listing red flags are turning off their buyers. 1. No photos. “One red flag in many buyers’ eyes is the lack of photos for [...]

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Global Property Investments on the Rise

by Tayeb Realty GroupJanuary 21, 2011 commercial real estate

Global direct property investment is expected to rise 20 percent in 2011 to $380 billion, led by a sharp rise from the United States. Commercial real estate investments — such as malls, offices, and industrial properties — reached $316 billion in 2010. That represented a 50 percent increase from an eight-year low in 2009 of [...]

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Down Payments Under 30% Risky?

by Tayeb Realty GroupJanuary 17, 2011 Foreclosures

The mortgage industry is divided over how much down payment a borrower should be required to have in order to be considered less risky. Regulators have until April to come up with a down payment requirement as part of the Dodd-Frank financial overhaul legislation. Wells Fargo & Co., the nation’s largest mortgage lender, has asked [...]

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2011 Mortgage Trends: Jumbo Loans, Cash Buys

by Tayeb Realty GroupJanuary 14, 2011 commercial real estate

The number of mortgage applications for home purchases is expected to become a bigger part of the mortgage market in 2011 as home prices stabilize, predicts the Mortgage Bankers Association. Refinancing has mostly dominated in recent months as home owners looked to lock-in low interest rates, but experts predict refinancing to slow as new mortgage [...]

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Mortgage Applications Jump as Rates Ease

by John TayebJanuary 13, 2011 Housing Market News Update

The Mortgage Bankers Association’s index of loan demand climbed 2.2 percent overall for the week ended Jan. 7, to its highest level in nearly a month. The group’s index of refinancing applications rose 4.9 percent, while its gauge of loan requests for home purchases fell 3.7 percent. Source:”Mortgage Applications Rise as Lending Rates Ease,” CNBC [...]

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Fed Chair: Economy Is Growing Stronger

by John TayebJanuary 12, 2011 Housing Market News Update

Federal Reserve Chairman Ben Bernanke expressed more optimism about the economy in his most recent testimony Friday to the Senate Budget Committee, while also defending the Fed’s controversial plan to buy an extra $600 billion in government bonds to keep recovery moving forward. Bernanke predicted a “moderately stronger” overall pace for the economy in 2011, [...]

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HAFA Posts New Rules for Short Sales

by Tayeb Realty GroupJanuary 12, 2011 commercial real estate

Loan servicers will have 30 days to send a borrower a short-sale agreement that includes the list price or acceptable sales proceeds under recent changes made to the Home Affordable Foreclosure Alternatives Program, aimed at distressed borrowers who don’t qualify for other government loan modification programs. Once a sales contract has been initiated, loan servicers [...]

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Vacation Homes Emerge as Hot Market

by John TayebJanuary 11, 2011 Housing Market News Update

Vacation communities across the United States are showing big signs of a rebounding real estate market, reporting soaring sales at levels that have not been been seen since the days of the housing boom, The Wall Street Journal reports. The increase has been driven by deep discounts and cash purchases, analysts say. “We haven’t felt [...]

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Banks Lose Pivotal Foreclosure Case

by Tayeb Realty GroupJanuary 11, 2011 Foreclosures

A recent decision by the Massachusetts Supreme Judicial Court is expected to have sweeping implications for the nation’s banking industry when it comes to how they’ve approved foreclosures and may even invalidate thousands of foreclosures across the country. The court, in affirming a lower court’s ruling, invalidated two mortgage foreclosure sales because the banks failed [...]

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Mortgage Rates Drop Slightly for the Week

by John TayebJanuary 8, 2011 Foreclosures

Interest rates took a slight dip this week as economic uncertainty continued to plague the market, according to Bankrate.com’s national survey of large lenders. The average 30-year fixed rate mortgages dropped slightly to 4.94 percent for the week. Meanwhile, 15-year fixed rate mortgages were 4.32 percent for the week, while 5-year adjustable-rate mortgages held nearly [...]

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