Weekly Roundup: Slower pace of rent increases, rise of mortgage rates, Gen Y’s influence on house design, tech myths, market predictions

Rents rise at diminishing rate

UWS has highest absorption rate in Manhattan

Glassy condo buildings unwelcome among old money residents of UES

Free shuttle bus can be a deal maker

Those pesky brokers will write anything to set listings apart

Westchester markets enjoys strong finish

Knowing building’s rules one of seven tips for novices renting out apartments

First-time foreclosures drop to seven-year low in the city

Philanthropist’s 26-acre estate on Cape Cod private island sells for $19.5 million

Actor hunting for house Continue reading

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 Continue reading

Weekly Roundup: Condo inventory, rents, pet scams, best markets for sellers or buyers, retirees’ downsizing, consumers’ outlook

Next Weekly Roundup Jan. 4

Tastes downtown changing from industrial lofts, glass boxes

More evidence that developers adding to supply of condos

There’s nothing like decisions on art to stir the pot of acrimony in condos, co-ops

Real estate licensees rebound to 27,000 in the city alone

Manhattan’s median rent edges up in November

When buildings bar a pet, lawyers say, residents suddenly claim disabilities

High living costs cause half of population to contemplate leaving Long Island

Southampton home owned by TV news personality and actress wife goes quickly to contract

Author achieves perfect sale of Manhattan condo

Pair finds buyer of Upper East Side one-bedroom apartment in amazing time

 

Strongest sellers’ markets in Continue reading

Weekly Roundup: Beresford auction, Brooklyn’s Manhattanization, latest market stats, celeb moves, same old loan limits, staging errors

Question facing downtown is whether hurricane stigma short-term phenomenon

Value of views depends on what you see and from what height

Mitchell-Lama program originally aimed to help ‘blighted’ neighborhoods

It is possible to double-check suspicious prices in city’s property records

Foreclosure auction scheduled for Beresford co-op listed for $7.35 million

Residential buildings largely account for 17 percent growth of stalled construction

Price data show ‘Manhattanization’ of condos in hot Brooklyn neighborhoods

Banks hesitant to offer financing for co-ops in buildings with only five or 10 units

Stuyvesant Town tenants reach $68 million settlement with controlling company

Pop queen’s Central Park West duplex is listed for $23.5 million

Actor in search of buyer for Chelsea penthouse Continue reading

Weekly Roundup: Inventory stress, historic low rates, family matters, new kitchen trend. More!

State gives into developers’ concerns about requiring offering plans to be digitized

There is nothing like a closing

Long Island City is starting to turn the corner

Renters indirectly stuck with lion’s share of property taxes

Industry casts skeptical eye on real estate brokers serving on their building’s board

Real Deal tackles rent vs. buy by Manhattan neighborhoods

New kind of report slices and dices rents by neighborhood and building type

Although half of 2007’s peak, residential construction mushrooms

Inventory shortage is causing unseasonable stress

Some of the priciest apartments Continue reading

Rarely is real estate sales chosen as a first career

Heaven knows that real estate sales lacks the glamor of, say, school crossing guard, exterminator, barista or subway conductor.

Of course, there exist those brokers and agents whose social credentials rival Britain’s royal family and whose transactions involve properties in the double-digit millions from the outset of careers that have been their first choice.  But the rest of us have tended to select real estate for a second, third or fourth career when the economy or age has left us with few options.

Although many starting out in the industry may feel like second-class members of the community, Continue reading

The debate that won’t — and shouldn’t — go away

It is unlikely that listing prices are the subject of this debate by Tibetan monks. (flickr photo by ianyake)

Perhaps nothing is trickier in listing a property than deciding on the right asking price.

Too high, the argument goes, and prospective buyers will eliminate themselves even before seeing the place.

Too low, and the seller risks obtaining what the place is worth.

Finding the sweet spot depends on Continue reading