Archive for the ‘Foreclosure’ Category

Weekly Roundup: Rent squeeze, U.S. price gains, rates reversal, stocks vs. housing, declining buyer regret, best inflation hedge, tomorrow’s market

May 10, 2013

‘Gatsby’ lends a whiff of luxury, glamor to buildings

With declining vacancy rate, rents in Manhattan and Brooklyn keep rising

Navigating school zones trickier as more families with young children put down roots

85-year-old man adopted 62-year-old woman of privilege for her to claim $100-a-month Queens rental

Brick Underground lists eight best site for finding a no-fee apartment

Blog on worst rentals would be funny if (more…)

Weekly Roundup: Inventory effects, moving actors, price gain questions, dubious lenders, N.J. condos, renovation tips, divergent forecasts

April 12, 2013

Despite short supply, citywide sales rise in 2012

Median Manhattan rent reaches $3,195 as sales inventory dwindles

23 new developments hitting market this spring

Closet space can account for substantial price differences

Lottery opened for affordable rentals in new luxe UWS building near Fairway

Auction scheduled for lakefront home in Copake

As supply becomes scarce, price growth is modest in Queens

Actor’s strategy for exiting Manhattan is move to Brooklyn

Greenwich Village home of classical music icon on market for $2.8 million

Here comes the profit for (more…)

Weekly Roundup: Buyer woes, singer’s many purchases, U.S. price gains, mortgage brokers’ profits, soulful kitchens, millennials’ optimism

April 5, 2013

Manhattan a tale of two markets

Real Estate Brokers Predict a Tough Time for Buyers

Buyers ask, brokers try to answer

Tight inventory leads buyers to risk their down payments

Popular keywords enable listing agents to sell fast

Booming Hamptons market pushes renters east

And Fire Island fights Sandy’s effects on housing market as summer approaches

For trophy properties, $100 million is the new $50 million

Short supply of Brooklyn brownstones, leads to whopping price tags as more Manhattanites switch boroughs

For fixer-uppers, go east

City official says two, three more micro-unit developments in the offing

Sanitation Department schedules disposal events for hazardous products in five boroughs

Social media bigwig accused of trashing apartment in Chelsea and purchases big Greenwich Village loft for $8.15 million

Noted artist lists for $3.13 million Fort Greene townhouse purchased for nearly $2 million less in 2007 and renovated

Network TV anchor (more…)

Weekly Roundup: ‘Insane’ market, rising prices, pronounced seasonality, surging sales, wasted electricity, 65,000-acre Quebec spread. . . more!

March 8, 2013

Next Weekly Roundup April 5

Bidding environment now ‘absolutely insane’

Contract activity soars above prior years, thereby confirming both item above and my Wednesday post

Prices soar 11 percent from January 2012

Prior to usual seasonal increase, February rents in Manhattan (more…)

Weekly Roundup: Renters, new market stats, dropping loan rates, foreclosure purchase risks, credit misconceptions, kitchen trends, and more

March 1, 2013

Renters don’t stay put for long in the financial district

New York magazine explores world of platonic urban cohabitation i.e. roommates

Housing signals mixed in metro region

Four things to bear in mind when buying an apartment for your kids

19 percent more building permits issued in 2012 than in prior year

Committee ranks Upper East Side tops for kids, Bay Ridge beats all other Brooklyn neighborhoods

Request for proposals to redevelop Lower East Side sites signals end of bitter renewal squabbling

Foreclosures in region higher in December than a year earlier

Estate in the Hollywood Hills finds friendly buyer but at greatly reduced price

Legendary rocker (more…)

Weekly Roundup: Basement apartments, seller’s market, plunging foreclosures, son of Lincoln’s house, trophy baths, Goldman Sach’s optimism

February 22, 2013

Manhattan luxury market unseasonably busy

Naturally occurring retirement communities populate Upper West Side

Condominium board gets TRO against Houston couple to prevent short-term stays

San Remo apartment offered for $29,750 in monthly rent went for $900 a month in 1940

Would changing rules for illegal basement apartments boost supply of affordable rentals? asks the Real Deal and Crain’s

Longtime home of Gershwin family goes on the market

Volume of property taxes kept increasing every year from 2005 to 2012

Residents of abutting buildings at war with developer of planned Fifth Avenue

Neighborhood group faults mayor’s plan for affordable housing

Fiercely competitive land prices forcing developers to build high-end condos

Sex symbol who has money troubles lists Malibu home for $7.75 million

6,800-sf TriBeCa penthouse wins undisputed approval of Brooklyn Nets star

New Jersey home was born to sell

Hip-hop star and reality spouse flip-flop Bel Air house handsomely

January numbers show 9.1 year-over-year sales growth, steady price gains so it’s a seller’s market

Supply of resale housing (more…)

Weekly Roundup: Condos pipeline, easing rents, rising values, foreclosure pitfalls, hiding places, credit reporting errors, moving tips and more

February 15, 2013

Real estate pros expecting best year since fall of 2008

They’re taking Manhattan but leaving it alone

Strong demand has developers raising prices of new condos month after month

Construction loans easier to obtain

Jumping 54 percent in 2012 from prior year, new residential construction more than doubles from 2010

With tenants choosing to buy, rental market cools a bit

Report says ‘affordable’ housing too costly

Attorney general to stop settling escrow disputes, send parties to court instead

Celebrity chef moves to 4,650-sf Harlem townhouse

His mission of selling 2,200-sf East Village condo proves to be possible

Onetime Heisman winner (more…)

Weekly Roundup: Early spring, Borgnine mansion, slumping inventory, Case-Shiller attack, DIY tips, increasingly confident Americans, builders’ mood

February 8, 2013

Governor signs renewal of tax abatement into law

Construction permits take off from 2007 level

Market reveals early spring as pace of pending sales below $5 million is fastest in 12 years

And jump recorded in development activity of multi-family buildings in Brooklyn

Although nothing new, garbage disposals prove to be worthy of boasts

Cuomo seeking to buy out homeowners to remake coastline

Concessions dwindling for buyers of new condos

Will rents take off again?  Maybe: Low inventory continue to push up rents of studios, 2BR apartments last month

Region’s housing prices up 8.5 percent from prior December

Big uptick in supply seems unlikely

Her Greenwich Village duplex is coming around again

Late-night newswoman decamps to $5 million (more…)

Weekly Roundup: NYC adjusted prices, SoHo’s highs, upward trending rates, $117M record price, houseplant pointers, recovery skeptics

February 1, 2013

Housing prices below 2008 peak, sales 21.8 percent lower than 2007 peak

But 2012 median lowest since 2004 adjusted for inflation

Beachfront houses wrecked by Sandy being sold ‘as is’

Assembly, Senate pass renewal of co-op/condo tax abatement

Building in Williamsburg tops list of 10 best-selling new developments in 2012

Region’s foreclosures tick up in November

Boerum Hill beats out Dumbo as Brooklyn’s top neighborhood, while SoHo and TriBeCa priciest in Manhattan during 2012

Maintenance fees now average $1.70 per square foot, up 30 percent since 2008

Lawsuit aims to collect rents paid by tenants citywide who live in apartments made uninhabitable after Sandy

Multi-talented writer finally does good all by himself in sale of $11.25 million Hollywood home

Brooklyn Nets guard makes successful $15.8 million play for Tribeca penthouse

Barbara visits (more…)

Weekly Roundup: All signs point to strengthening market in NYC and U.S., owners of luxury homes gild lillies, lighthouse in Chesapeake Bay for sale

January 18, 2013

Number of Manhattan properties under contract soars, inventory plummets during 2012

Q4 Brooklyn prices post biggest year-over-year price gain since 2006, while Queens median climbs 14 percent

Bars, restaurants and grocery stores can hurt quality of life, resales for residents of apartment buildings

Foreclosures mushroom in Queens, grow somewhat in Staten Island and the Bronx, slide in Brooklyn and Manhattan

Astronaut resists aiming for moon in putting Los Angeles condo on the market

Former baseball star lists sprawling Beverly Hills estate for $25 million

Actors who split in 2011 finally selling their UES triplex, for $9.25 million

TV judge lists Midtown pied-à-terre for $9 million — yes, for a pied-à-terre!

Estate of acerbic intellectual sells Chelsea penthouse to seven-time Emmy winner

Filmmaker offers Greenwich Village co-op for sale but plans no move to North Dakota

At 4.2 million, home sales (more…)


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