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A Real Estate Publication of the St. Tammany News • Friday, October 14, 2011

In real estate it is usually said, “ Location, Location, This home is presented by Brenda Scofield and ABEK Real Estate Location! This spectacular home at, 3057 Meadowlake Dr., East situated in the quiet subdivision of Meadowlake, in the Northshore High School District Has It All! Beauty, Warmth and Value. . . This wonderful 4 bedroom, 2.5 bath COLDWELL BANKER TEC home offers all of these too! As you drive up you’ll notice the mani- ANCHORAGE CONDOS cure sprawling front yard, with the beautiful and welcoming front porch. As you enter the open and spaciousness of this home UNIT 19 - SUN 2-4 PM you will think “WOW” this is for us. To the left of the foyer is a beautiful formal dining room with warm and inviting wood 114 EYDIE LANE floors, it is separate yet open and flowing to the great room with its soaring ceilings. The lovely fireplace creates a great focal SUNDAY 12-2 PM point with arched windows flanking each side. The high vaulted ceiling and many windows add to the spacious bright welKELLER WILLIAMS coming feeling of this home. The flow of the home just continues to the left of the greatroom into the breakfast area and R E A LTY PROFESSIONALS well designed kitchen. Designed with the cook in mind; abundance of cabinetry and counter space flows in an l-shape, 309 TRACEY LANE an island in the center and off to the side a built in desk and large pantry. Many recent upgrades include, new all white SUNDAY 12-2 PM top of the line appliances, 18”ceramic tile flowing throughout the downstairs with the exception of the dining room and 114 KINGSTON DR. Master bedroom makes this home easy to maintain. Upstairs has an open loft large enough for an office or play area. SUNDAY 12-2 PM You find 3 additional bedrooms all spacious and having tons of storage with large closets. The bath upstairs has double vanities and a separate bathing area. We cannot forget another additional living area, the backyard, with its covABEK REAL ESTATE ered 12’ x 26’ patio that has 2 new ceiling fans so you can enjoy bringing the entertaining outside. For additional stor- 3057 MEADOWLAKE DR age needs there is a 12’ x 16’ custom shed. The Seller may assist with some closing costs! This home is open Sunday SUNDAY 12:30-2:30 PM from 12:30-2:30 p.m. For a private showing call Brenda Scofield of ABEK REAL ESTATE at 985-640-0793. (COVER HOUSE)

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Government Plays Valuable Role in Homeownership, Say Realtors® Washington, October 13, 2011 Owning a home has had long-standing government support in the U.S. because homeownership benefits individuals and families, strengthens communities, and is integral to the nation’s economy, the National Association of Realtors® said in testimony today. NAR President-Elect Moe Veissi outlined the association’s recommendations for housing finance reform before the House Financial Services Subcommittee on International Monetary Policy and Trade. “We must be better stewards of the U.S. housing finance system if it is to thrive and effectively serve American home buyers and mortgage investors into the future,” said Veissi, broker-owner of Veissi & Associates Inc., in Miami. “Repairs to our current housing finance structure must be made, but we must be careful that changes to the system do not come at the expense of homeownership opportunities

for middle- and lower income Americans.” Toward that end, NAR supports H.R. 2413, the “Secondary Market Facility for Residential Mortgage Act of 2011,” introduced by Reps. Gary Miller, R-Calif., and Carolyn McCarthy, D-N.Y. “H.R. 2413 offers a comprehensive strategy for reforming the secondary mortgage market and gives the federal government a continued role to ensure a consistent flow of mortgage credit in all markets and all economic conditions,” said Veissi. “Moreover, it supports the use of long-term fixed-rate mortgage products.” Veissi testified that full privatization of the secondary mortgage market would all but eliminate products like the 30year fixed-rate mortgage and that mortgage interest rates would be unnecessarily higher and unaffordable for many Americans, shutting otherwise qualified buyers out of the market. “The 30-year fixed-rate mortgage is the bedrock of the

U.S housing finance system, and without government support, there’s no evidence that this type of mortgage would continue to exist,” said Veissi. “Private firms’ business strategies would focus on optimizing their profits, creating mortgage products that are more aligned with the goals of their business than in the best interests of the nation’s housing policy or consumers.” Veissi said that while the size of the government’s participation in housing finance should decrease if private capital is to return to the market and function properly, the federal government must have a continued role in the secondary mortgage market to avoid losing long-term, fixed-rate mortgage products and keep borrowing costs affordable for consumers. “Continuing government

participation in the secondary mortgage market is critical to ensuring that qualified home buyers can obtain safe and sound mortgage financing products even during market downturns, when private entities have historically pulled back,” Veissi said. Recent reductions to the conforming loan limits by the federal government are already having an impact on mortgage liquidity according to early data from an NAR survey, which found that consumers who are now above the new lower conventional conforming loan limit are experiencing significantly higher interest rates and the need for substantially larger down payments. Veissi said that the housing and economic recoveries have been slow and that activities that force economic activity to

be constricted further should be resisted. “For hundreds of years, this country has understood the value of homeownership because it helps families build wealth, supports community stability and contributes to our economy. We need to make sure that future housing policies continue to reinforce our long-standing value of homeownership, for the future of our families and our country,” said Veissi. The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.


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3 Biggest Lighting Mistakes

Installed and used correctly, a $20 dimmer can pay for itself within the first year.

(NAPSI)—Homeowners don’t have to be in the dark when it comes to avoiding common lighting mistakes. Here are several examples and tips on how to avoid them: • Not installing landscape lighting. With the proper lighting, your home can look even more dramatic at night than during the daytime, have greater security and increase its value. • Choosing the wrongsized lighting fixtures. Take the width of the room, add it to the length of the room, turn that measurement from feet to inches—that is a good

approximation of how wide the fixture should be. Also, make sure the bottom of your dining room fixture is 30” off the table. • Not using a dimmer. Lighting controls have several advantages over on/off switches—starting with savings. A $20 dimmer pays for itself within the first year. Videos detailing these and other common mistakes—and how to avoid them—are available on the Capitol Lighting website at www.1800lighting.com/m istakes.


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