Weekly Roundup: SO much local and U.S. news

Prices up, sales volume almost flat measured against 2002

Condo prices edge up during last year as sales and inventory slip

And sales and supply slump versus January of 2011

New policy to make available digitized offering plans

Know thy building sponsor, real estate attorney advises buyers

Of top 10 Hamptons sales last year, not one fell below $20 million

Co-op boards advised to slice and dice prospective purchasers five ways

To snag a no-fee rental, visit these eight sites

Epidemic rages of sneaking around law against short-term rentals

Most brokers responding to REBNY’s unscientific survey express optimism about 2012

Racial segregation ebbs in the city more slowly than elsewhere

Apartment sellers seek lenders’ advance approval of building to assure buyer financing

Co-op boards increasingly show flexibility for financially pressed owners seeking to sublet

Landlords reducing brokers fees in tight rental market

Unsurprisingly, there goes the number of violations in neighborhoods where buildings go into foreclosure

City to ask 600,000 homeowners for excessive property tax rebates it mistakenly provided

Who pays for what repairs in a co-op?

New developments are swallowing up parking lots, garages

Proposed zoning change would discourage stores with extensive frontage on Upper West Side


Susan and Danny do a deal

Former New Jersey senator lists for $2.9 million Hoboken penthouse bought for $3.26 million in 2008

Her over-the-top top-floor apartment on Fifth Avenue listed for $14 million

Actress chooses to pay $3.2 million to be lofty in the city, specifically in NoHo

Jersey Shore cast tops list of celebrities who respondents don’t want as neighbors

She’s not lost in Greenwich Village

Athlete gets centered on the Upper West Side in $32,500 rental. . . monthly

A tree plants himself in Brooklyn, but current residence also begins with a ‘B’ as in ‘Hills’

No longer in love with her Miami home, she lists it for $7.4 million

CoreLogic’s December index records 4.7 percent slide from previous December to reach new post-bubble low

With November prices at post-bubble lows, Case-Shiller reports few signs that turning point ‘close at hand’

Inventory of previously owned homes approaches normal levels

Economist contends that Florida is perfect microcosm of the nation’s housing troubles

10 real estate markets poised to outperform others in 2012

Home ownership rate continues to fade, close to 1997 low

Value of U.S. housing inventory has plummeted 30.6 percent, to $7.5 trillion from $10.8 trillion

Growth persists in multifamily sector

Rates establish new record lows

With stronger loan demand, lending standards little changed but why?

‘Serious’ delinquency rate hovers below 4 percent, beating a year earlier

By making it hard to refinance, Freddie Mac is accused of betting against homeowners

Loan volume drops as the Fed says low rates will continue

Obama’s mortgage plan would expand refi options in unlikely event that Congress and banks agree

Fee hikes on most new mortgages are here for the foreseeable future

Cleaning up credit score is critical first step in obtaining loan

Lowest percentage of borrowers refinancing in 26 years took out cash in Q4

Homeowners advised to check loan escrow amounts

Columnist details capital gain exclusion for home sellers

Retirement dollars travel shortest distance in Connecticut, then Illinois

Private residential investment shows improvement

New IRS ‘tool’ eases process of paying back homebuyer tax credit

Kitchen remodel has taken on streamlined approach to reflect nation’s economy

Renters are well advised to buy insurance

Tidy and capacious closets can promote a home sale

The right renovations can pay off

To drill, saw or screw, the right power tools are essential

Cities more racially diverse than any time since 1910

Shiller says prices could fall still farther

Yet Case declares seeds of recovery are planted

Indices project 1 percent drop this year, 3.8 percent gain in 2013

But Fortune worries that rising interest rates will stifle housing’s recovery

And a Canadian newspaper decides the market ‘is still a long way from full ignition’

You can search for all New York City properties listed by various brokers, and I encourage you to be in touch with me for assistance and advice. You also may want to see my periodic critiques of properties that I visit in Out and About, which I post on Mondays or Tuesdays.

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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

M: 347-886-0248
F: 347-438-3201

Malcolm@ServiceYouCanTrust.com
Web site

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