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Happy New Year!

Wishing you all a very Happy, Healthy and Prosperous 2020!

new year 2020

Just in time for your holiday baking!

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Fannie, Freddie Reform....


Efforts to overhaul Fannie Mae and Freddie Mac could lead to “a potential and significant shock” to the commercial real-estate sector, said Boston Federal Reserve President Eric Rosengren on Tuesday.

The pair of mortgage-finance giants, which were bailed out by the U.S. government and placed in conservatorship in 2008 during the height of the financial crisis, have historically boasted outsize influence on the single-family mortgage market, but Rosengren expressed concern that the duo’s growing clout in the multifamily sector may pose a risks, as the government considers new structures for the entities, created in the wake of the Great Depression to help facilitate homeownership.

In a speech delivered at New York University Stern School of Business on Tuesday, Rosengren said Fannie FNMA, -0.99% and Freddie’s FMCC, -1.43% “large and growing footprint” in the multifamily sector is noteworthy.

The Fed member pointed out that Fannie and Freddie earn a significant share of income from the multifamily segment of their business, and currently hold or guarantee 44% of multifamily loans, Rosengren said. That’s more than commercial banks.

There is escalating talk in Washington that the time may be appropriate to reform, or wind down, the government-sponsored enterprises, or GSEs, known as Fannie and Freddie. But those efforts have been complicated by the significance of the companies on the housing market and a cadre of investors who have bought stakes in the entities and demand a say in their future.

“A potential concern would be that with high and rising prices for multifamily commercial real estate, policy makers looking to reform the GSEs might look at the GSEs’ large and growing footprint in the market and ask whether this level of government-sponsored exposure is safe, and whether that level of government support is appropriate,” Rosengren said.

“Whether, or how, future reform proposals will impact commercial real estate is unclear—but a potential and significant shock to this sector of the commercial real-estate market could occur if proposals require the GSEs to reduce their holdings of multifamily loans,” he added.

Rosengren has been expressing concern about “reach for yield” in the commercial real-estate market since late 2015, with interest rates at ultralow levels, highlighted by the benchmark 10-year Treasury note yield TMUBMUSD10Y, -0.58%  at 2.41%.

Shares of Fannie Mae are up more than 10% over the past month, but have shed nearly a third of their values so far this year, according to FactSet data. Comparatively, the S&P 500 index SPX, +0.11% boasts a year-to-date gain of 7.1%, while the Dow Jones Industrial Average DJIA, +0.27%  has climbed 6.2% over the same period.

How To Keep Ants Out


Ants are among the most common household pests.

Here are ways to keep them from invading your home.

Check popular ant hangouts, especially kitchens.
Other hotspots include bathrooms, bedrooms, living rooms, basements, inside walls, and around air conditioning and heating units.

Reduce moisture and standing water around your home.
Repair leaky pipes, ensure outside gutters and downspouts work properly, and use dehumidifiers in damp spaces.

Limit food sources by tidying up often.
Wipe down counters, sweep floors, store food in sealed containers, keep any pet bowls clean, and take out the garbage regularly.

Block off access points by sealing any cracks and crevices in your home’s exterior with caulk.

Bye-bye, ants!

Holiday Light Parade 2019

Hope to see you there tonight!!

(2019) Lighted Holiday Parade Invitation 

Ways To Escape A Creative Rut


Ways to Escape a Creative Rut

Having trouble coming up with new ideas?

Feel like you’re stuck in a creative rut?

Go for a walk. Fresh air clears your mind, being outdoors stimulates your senses and exercise gives your body a boost.

Switch up your routine. Get out of your comfort zone to escape monotony and spur inspiration.

Write in a journal. You can prevent daily thoughts from getting bottled up and keep track of creative ideas.

Tidy up your home or office. Decluttering your actual space almost always frees up head space for innovative thinking.

Turn off distracting electronics. Give yourself an opportunity to be present with your own thoughts.

Get your creative juices flowing!

Talk About Shade....

An awning like this is perfect for your outdoor space! You can pull it back if you want more sun or leave it out if you want shade.

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Are Dining Room Necessary?


Are dining rooms obsolete? Especially in open-concept homes, dining rooms are becoming a thing of the past.

What do you think? Is a dining room a must-have or would you use that space for something else?

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Happy Halloween!

halloween flyer 2019
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