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 slips, optimism grows

What is it worth to you to get high?

Foreclosures cast a lengthening shadow over state’s housing market

Sales up, prices down in the Hamptons

Resurgence of interest in lower-priced properties may signal suburbs’ recovery

Sales of apartment buildings in 2011 exceeds 2010 by 33 percent

Developers’ eyes to drift increasingly from Manhattan to Brooklyn in search of more space

Q4 prices, supply fall in Brooklyn from 2010 level as sales and days on market grow

Institutional buildings converted to condos bow to market forces

He sees many fewer millions than originally in the sale of his Tribeca penthouse

Felonious former football star faces foreclosure on Dade county home

She sells SoHo apartment not so suddenly

Village townhouse bought by Malcolm Forbes finally finds buyer

Singer takes a bath in Hawaii

Housing inventory Continue reading

Weekly Roundup: Prices down, rates up, Shiller upbeat

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.

HE’S SLIDING INTO MANHATTAN FROM NEW JERSEY

FASHION DESIGNER TURNS NOSE UP AT GRAMERCY PAD IN WHICH HE NEVER LIVED

HIS DESIGNS ON A SECOND FIFTH AVENUE PENTHOUSE ACROSS THE HALL FINALLY BEAR FRUIT

HAS ANYONE TOLD KERMIT THAT HIS ORIGINAL HOME IS GOING ON THE MARKET?

KATIE’S PAMPERED PAD SELLS AT A DISCOUNT FROM $12.9 MILLION ASKING PRICE A YEAR AGO

SPORTS EXEC SCORES A NEW $4.2 MILLION HOME ON UPPER EAST SIDE

IS SEXY VILLAGE PENTHOUSE REALLY HERS?

CONTRACT PRICE OF BROOKE’S HOME TRICKLES WAY DOWN FROM ORIGINAL $46 MILLION ASK

PRICES DROP 1.8 PERCENT FROM NOVEMBER TO DECEMBER

BUT TRADE GROUP REPORTS GAINS IN PRICE AND VOLUME FOR RE-SALES DURING FOURTH QUARTER

ALL-CASH PURCHASES LIFT HOUSING

RESPECTED MOODY’S ECONOMIST SAYS Continue reading

Weekly Roundup: Housing market remains ‘depressed’

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.

ACTOR LISTS LISTS CUTS CUTS THE PRICE OF HIS NEW MEXICO RANCH

HE LOSES 1 MILLION PIECES OF PAPER THAT BEAR HIS NAME

IN NEW FIFTH-AVENUE DIGS, LET’S HOPE THIS BUYER HOLDS THE CHEES-Y

ATHLETE BUYS A 4,000-SF LOFT IN CHELSEA–AND THAT’S NO BULL

DEVELOPER WITH A Z CLOSES ON WASSERSTEIN’S 5TH AVE. CONDO AT $3 MILLION OVER ASK AFTER SELLING 15 CPW SPREAD TO TECH WIZ

U.S. PRICES FALL FROM SEPTEMBER TO OCTOBER, THIRD CONSECUTIVE MONTHLY DROP

CASE-SHILLER’S REPORT CONTAINS THE USUAL WEAKNESSES, AMONG THEM Continue reading

Weekly Roundup: The Big Apple, markets stats, more

Happy holiday weekend!  Please enjoy this post with the past week’s most important news about the Big Apple and beyond.  Look for “Out and About,” “The Big Apple” and “Weekly Roundup” again next Friday.

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LONG ISLAND CITY’S MAKEOVER IS CHARACTERIZED AS ‘DRAMATIC’

NEW FINANCING PLAN MAY BREATH LIFE INTO UNFINISHED FLATIRON HIGH-RISE

OCTOBER’S UPTICK IN SALES FROM SEPTEMBER’S LOW MAY Continue reading

Housing markets will not recover any time soon

Yesterday, investors once again demonstrated how jittery they are as the Dow-Jones Industrial Average plunged 2.49 percent, the euro plummeted, options trading was unusually volatile, commodities fell, reaction to the Fed’s FOMC comments became sharply negative and Treasury yields dropped.

Quoted in the Wall Street Journal,  Keith Bliss, senior vice president with Cuttone & Co., had this to say about the day’s events:

All of a sudden, bad news is pouring out from seemingly every corner of the world.  People are saying, let’s take our long positions off the board and let the rest of the world digest what’s happening here. Continue reading