Weekly Roundup: New development sales, eccentric buyers, agents’ frothy remarks, free mortgage tutorial, economics of price changes

With inventory tight and prices climbing, sales of new condos plunge

Yet developers, marketers designing ever more spectacular penthouses, townhouses in buildings old and new

Recent law change could make maintenance-free apartments less rare

Buyers do the darndest things

New Yorker magazine lets you click on subway stops to gauge wealth

Beachfront homeowners in Southampton building ramparts against storms

No, says New York magazine, it’s not a bubble again

Disgraced athlete latches onto quarter-acre Texas compound in gated community after dumping old Austin home

Artist makes mark in SoHo with purchase of Continue reading

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

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 Continue reading

Weekly Roundup: Supply in U.S. and NYC dwindles, rates keep falling, Oprah takes bath, hell is hoarder at home, Shiller’s glass half empty

Obama slept here, and so can you for $2,400 a month

Median price of new condos up 15.4 percent from year ago, inventory down 19.1 percent

Q2 prices in Brooklyn, Queens edge up as inventory plunges

With prices falling in the Hamptons, sales pick up

Boards only set policies and six other surprises that rookie members may confront

New rental units in the city undergoing shrinkage

New handful of properties set to come on market at $90 million or more

Retired detective names safest, riskiest units in apartment building

Sales volume, property values remain well below peak levels, says NYU’s Furman Center

Number of residential building permits skyrockets, especially in Manhattan

Super rich Continue reading

Weekly Roundup: City’s sales sag, U.S. resales up

It’s oh so hard to snag a reasonably priced rental

Pending sales, inventory sag over last three months

Owners subletting illegally may want to note shoes of prospective tenant

Lawsuits mount against accused rabbi

If you’re searching for a bargain, look no more

When negotiating with a developer, be smart about asking for concessions

Now tenants can rent off floorplans in unfinished buildings

If you’re bedbugged, check a 11 ways to judge an exterminator

Obsessive Dorothy Parker enthusiast fights to save her childhood home from demolition

Interactive database lets renters and buyers track nearly all privately held subsidized housing

Developers do their thing on a stretch of Fifth Avenue dubbed ‘Upper Carnegie Hill’

His matches are long past, but Continue reading

Weekly Roundup: The Big Apple and beyond. Rates hit record low, lower Manhattan surges

Change is good: Weekly Roundup, which I will continue to post on Fridays, will now be combined with a shorter (and admittedly less work-intensive) version of  The Big AppleI hope you like the results.

Developers are beginning to build smaller

And condo conversions are coming back

By the sea, by the beautiful sea sees rising. . . interest

Lower Manhattan becomes one of city’s fastest-growing residential sections

Fed’s Beige Book finds continued ‘sluggish’ residential construction and sales in tri-state region

NYU launches subsidized housing information project with information on 235,000 rental units

Appraiser assesses impact on housing market of two memorable events

Region’s foreclosure rates continue to rise, exceeding the nation’s

Donna does it again. . . in Continue reading

Weekly Roundup: Rates at low, buyers indifferent

Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out the other of today’s posts and look for Out and About early next week.

She’s playing doubles for real in Tiffany’s onetime building

Publisher finds UWS apartment that fits all his needs

Broadcaster shuns West End Avenue and brother’s mansion upstate

Wank– uh, WEIner pulls– uh, yanks–  uh, jerks. . . Oh hell: he takes co-op off the market

Home on Connecticut pond is for sale, and weight-loss guru slims down her asking price

Inman News cites 10 best markets for real estate investors

Close look reveals that prices are stabilizing, says Barclays analyst

But Continue reading

Weekly Roundup: Housing market news is mixed

Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out another of today’s three posts.

SUTTON PLACE DUPLEX IN WHICH LATE MAGAZINE MAGNATE LIVED FINALLY SELLS FOR $7 MILLION

HER SEX IN THE CITY WILL CENTER ON CENTRAL PARK WEST WHEN HER HUSBAND TAKES TIME OFF

ACTOR’S NEWLY LISTED PENTHOUSE IS PRESUMED EXPENSIVE

LATE SIDEKICK’S HOUSE IS IN FORECLOSURE, SPORTS FIGURE PLANS TO PRACTICE OUTSIDE NEW HOME, MOVIE MOGUL BUYS IN L.A.

PRICES OF U.S. OF SINGLE-FAMILY HOMES Continue reading

Weekly Roundup: Best and worst cities are listed

Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out another of today’s three posts.

AN EMMY WINNER LISTS HER HOME IN SOUTHBURY, CONN.

BILLIONAIRE OWNER OF A WEEKLY PET-SUPPLIES COMPANIES SPENDS MORE THAN CHICKEN FEED FOR A SOHO PENTHOUSE

CONGRESSWOMAN’S HOUSE, TWICE IN DEFAULT, NOW IS LISTED AS A SHORT SALE

ACTRESS PICKS UP A PRETTY FINE PENTHOUSE

BROKER DISPELS RUMORS THAT BUYER OF TRUSTED MAN’S SUMMER HOME LOOKS LIKE LADY GAGA


FED OFFICIAL SAYS IMPEDIMENTS TO HOME SALES Continue reading

Fed finds sluggish housing markets in U.S.

The Federal Reserve Board’s latest “Beige Book” says nearly all of the institution’s districts found that their housing markets were pretty much weakening, or expected to weaken, after the expiration of the homebuyer tax credit.

Here’s what the book, which is based largely on anecdotal information from regional experts, said in toto about housing:

Nearly all Districts reported sluggish housing markets in the months since the homebuyer tax credit expired on April 30.

While some Districts, such as Boston and St. Louis, reported an increase in May and June home sales on a year-over-year basis, some contacts noted that these sales may reflect closings of homes under contract by the April tax credit deadline.

The Boston, Philadelphia, Atlanta, and Kansas City Districts reported that home sales are expected to weaken going forward.

Residential construction remained limited in several Districts. In the Atlanta District, residential construction activity softened from already weak levels. Homebuilders in the Cleveland District do not expect a turnaround in new home construction any time this year. Builders in the Chicago District are not introducing new inventory without a signed contract on a home. Housing starts were expected to decline for the second half of the year in the Dallas District and to increase slightly over the next three months in the Kansas City District.

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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
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