‘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
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
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
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…)
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
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
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
Maintenance fees now average $1.70 per square foot, up 30 percent since 2008
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
Number of Manhattan properties under contract soars, inventory plummets during 2012
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
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
Semi-detached brick house with driveway and two-car garage at 50 Tapscott St. (Source: Kings County Public Administrator)
At Tuesday’s estate auction by King’s County Public Administrator Bruce Stein, the last was first in terms on the amount of its winning bid — $1.45 million, 62 percent above the minimum opening bid.
The object of spirited bidding by some half dozen hopefuls, the property at 51 Havermeyer St. was the last of 10 houses on the block. Its minimum was $890,000.
The winner was a man who (more…)
Whew! It’s a virtual stampede of buyers out there
March 6, 2013(Flickr photo by abrin523)
Competition for apartments started to heat up about a month ago, and now the flames burn more intensely than ever as a result of withering inventory.
I went on Sunday to eight or nine open houses that had been listed on the Upper West Side in just the prior week, and they were mobbed. The only one that wasn’t packed in the first five minutes was a $279,000 studio remarkable only for how oppressive it was.
Worse for buyers, at least two of them had offers, including that studio. In some cases, there were multiple offers — even before those initial open houses.
Listing agents were running out of show sheets, prospective buyers were literally bumping into each other, there was a palpable sense of panic.
“Irrational exuberance,” one of the agents muttered none too originally but emphatically accurate.
We are not alone in that observation. Indeed, confirming that the housing market is galloping once again, the new Real Deal proclaims in a headline that bidding is “absolutely insane.”
Lord Keynes had a point.
A sellers’ market that is so robust is not a good thing, occasionally even for sellers. (more…)
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Tags:Apartments, Appraisal, Brooklyn, Co-ops, Condos, Contingencies, Contracts, House prices, Inventory, Keynes, Manhattan real estate, Mortgages, New York City, The Real Deal, Upper West Side, Washington
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