Weekly Roundup: Most important news since before the holidays, including strong NYC quarterly and U.S. monthly housing reports

Sales surge in fourth quarter as inventory shrinks to a 12-year low

Rental market appears to be shifting into slower gear

What makes one apartment worth more than another?

Surprise! Times says co-op approval process is ‘formidable’

Prices shoot up in gentrified Brooklyn

Permits to build new developments growing again, but apartment supply won’t meet demand

Her boots were made for speeding

And his, made for dancing, waltz into L.A. condo

Broadcaster trades UWS strollers for trends by purchasing $1.84 million penthouse off the island

Shadow inventory of existing homes drops 12 percent during last year

Number of signed contracts attains highest level in 2.5 years

Case-Shiller reports 4.3 percent year-over-year increase in prices, with biggest gains in hardest-hit metros

Home resales approach normal on annual basis, inventory contracts significantly

November housing starts beat year earlier by 21.6 percent

Sales of new homes 15.3 percent higher than November 2011

Housing, real estate emerge as winners on most key issues in new tax law

Asking prices increase 5.1 percent from end of 2011

Homes priced above $1 million enjoy unexpected bidding wars

Lenders scrutinize gifts to borrowers seeking loans

Jumbo borrowers getting the point to shave rates

Rates of seriously delinquent loans for single-family houses decline in November

And national foreclosure inventory falls 18 percent from 2011

Rates tick down near their record lows

Loan activity unsurprisingly drops from middle to end of December

This year may be best in long time to refi or obtain mortgage

Less is more when writing hardship letter for loan modification

Limits on tax deductions, other breaks to affect not only high earners

Big houses (not the ones ‘up the river’) making comeback

$100 million Versace mansion comes with hotel that has enough rooms for needed lawyers

D.C. townhouse receives 168 bids, topping $337,000 ask by $400,000

Frank Lloyd Wright house in Arizona escapes grim reaper thanks to $2.38 million purchase by anonymous buyer bent on restoration

Tear down that wall — carefully — to profit by making charitable donations

Developers fail to find paradise in the Caribbean

Mega-million-dollar sales last year double low reached in Los Angeles during housing crisis

Generational flip-flop has children lately buying apartments for parents

Think hard, plan carefully before converting tub to shower

Nine inexpensive ways to achieve an apartment makeover

Garbage in, compost out. . . within your home

Five ways to stay organized

35 tends to be pivot point for change of (home)life

Surveys find declining number of first-time buyers

Biggest percentage of households in foreclosure belonged to those in Gen X

Surveyed economists see housing’s momentum persisting

Forbes columnist lists five things consumers should expect from housing this year

RealtyTrac asks where housing headed in 2013

And best housing markets assessed for this year

You have the option to search privately for all New York City properties here, though I encourage you to be in touch with me for assistance and advice. You also may want to see my 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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