Monthly Archives: March 2010

Real Estate Outlook: Freddie Mac Predicts Positive Recovery

Real Estate Outlook: Freddie Mac Predicts Positive Recovery
by Kenneth R. Harney

Could we be heading for a “double dip” in the economy, taking us back into recession, as some Wall Street analysts predict?  Could the Federal Reserve’s planned departure from the mortgage securities market send home loan rates spiking upward, and knock the wind out of the housing recovery?

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Luxury Kitchens… latest trends

What is the definition of a kitchen?   Wikipedia describes the kitchen as a room or part of a room used for cooking and food preparation.   Kitchens today are used for food preparation, dining and also for entertaining.   During the 1980’s kitchen design evolved and became integrated into the living area, mostly due to the improvement in the kitchen ventilation systems.  Not only was this a structural change but a philosophical one as well.   Cooking was seen as a creative and/or social act.   As the status of the kitchen changed with more elaborate appliances, cabinets and countertops, it became a prestigious room for showing off one’s wealth or cooking prowess. 

In designing a kitchen, it’s important to keep in mind the space, aesthetic desires, simplification and conservation but also to create a space that reflects your personality.

So what are the new trends?

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March 22, 2010

Consumers trending towards “Good Things Come in Smaller Packages”

The homes of tomorrow will be smaller, but they’ll emphasize energy-efficiency, home organization and comfort, as the latest home design research indicates.

The average size of a single family home shrank to 2,480 square feet in 2009, according to the National Association of Home Builders (NAHB).  The industry trade group’s survey of builders in January indicates that 95% of builders said they’d be working on lower-priced models in 2010, while 96% said they planned to build smaller homes.

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March 15, 2010

William Raveis explains the new Housing Data Matrix

William Raveis explains the new Housing Data Matrix – the important benchmarks and indicators of market activity


March 8, 2010

William Raveis Mortgage Recognized for Superior Ability To Make Low Downpayment Loans

Charles Ferraro, President of William Raveis Mortgage, LLC, has recently announced that William Raveis Mortgage is ranked in the top 1% of all FHA lenders in the United States. The ranking is based on the US Department of Housing & Urban Development, compare ratio statistics.

The mortgage company, which has been operating since 1984, received this honor as a result of the company’s long-time ethical, responsible lending policies especially during a time when many other lenders were drawn into exotic mortgage loans that led to the recent housing recession.

According to Mr. Ferraro, the top ranking status ultimately benefits the company’s home buying customers.  “Our ranking not only gives us the ability to offer great FHA rates to our customers but also allows us the ability to launch new products that are largely unavailable to other lenders,” he said. Products include mortgage loans with 97% conventional financing on single family purchases and 95% conventional financing on purchase and rate/term refinances on single family properties and condominiums with conventional financing, both with private mortgage insurance.

An additional low financing benefit is also available to those looking for a second home. William Raveis Mortgage can provide up to 90% LTV conventional financing with private mortgage insurance.  The maximum loan amount is $417,000 for these programs with low down payments and private mortgage insurance.

“If you are in the market to take advantage of great rates and good housing values,” stated Ferraro, “now is the time to maximize your purchasing power with William Raveis Mortgage, nationally recognized as a high quality low down payment lender.”

Since its establishment 26 years ago, William Raveis Mortgage LLC has closed more than $6 billion in mortgage loans. Its consistent performance is attributed to, experienced management team, the company’s diverse portfolio of lending partners, national pricing power, progressive technology for its loan officers, and sound underwriting approvals. The company is licensed in MA, CT, NH, RI, and NY.

March 5, 2010

William Raveis Real Estate, Mortgage & Insurance has earned the Website Quality Certification (WQC)

William Raveis Real Estate, Mortgage & Insurance has earned the Website Quality Certification (WQC), presented by Leading Real Estate Companies of the World® to member companies that have demonstrated excellence in website design, functionality and execution.

Website Quality Certification

Website Quality Certification

March 2, 2010