Weekly Roundup: Broker titles, celebs on the move, growing supply, reverse mortgages, the American Dream, boarding houses, and more

Next week’s Weekly Roundup will be the last until Sept. 6

Offering plans afford glimpse into pluses, minuses of lavish lifestyle in luxe buildings

Buyers snapping up Manhattan apartments 38 percent faster than last year, with UWS tightest market

Brokers still wrestling with new state rules on titles

Prices of Williamsburg condos plummeted in spring

First-half volume of investment properties leaps 41.3 percent over same time last year

One Picasso forsaking his walls

Lord of the Rings actor drops $1.075 million for gingerbread Victorian in Texas

Former NBA player lists California home for $2.795 million

Onetime TV detective, also actor who originated role 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: NYC adjusted prices, SoHo’s highs, upward trending rates, $117M record price, houseplant pointers, recovery skeptics

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 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

Weekly Roundup: U.S. stats sadden economists, Big Apple market seems stable, so much more!

Sales of luxury apartments buoy Manhattan market, suggesting Q3 reports will document ‘remarkable stability’

Before suing your co-op, it pays to get the facts right

Rents edge up again this month

But at least now you can find no-fee apartments on a cool map

Or check out a cool statistical infographic on our ‘city of renters’

Unless you have $1,600 to spare, think twice about renting out your apartment for less than a month

Seven tips for finding a great general contractor merit a look

Downtown Manhattan loft market is up a bit over 2007, the strongest full year in Manhattan residential real estate history, says broker/blogger Sandy Mattingly

In fraught market, buyers are still buying. . . with frayed nerves

The verdict is in: Only the most innocent buyers would fail to hire a lawyer for their purchase of property

Long Island mansion finally sells after high-profile owner hacks price

If he really collects 50% more than he paid in 2009 for his newly listed condo, this guy will be the stuff of legends

Still out of England, comedian Continue reading

Weekly Roundup: Manhattan iffy, U.S. supply low

Making the case for buyers’ brokers, the Times calls it a ‘buddy system’

Empty for 19 years, Park Avenue apartment that Yugoslavia owned leaves much to be desired

You won’t find more households with roommates than in Williamsburg

Manhattan market slackens, but weakness may be only seasonal

In a co-op or condo that leaks, who pays?

Newly scheduled foreclosure auctions post 7 percent decline in August from a year earlier

Influential rabbi accused in $220,000 rent subsidy scheme of unprecedented size in city

Manhattan condo prices in June continue their gradual improvement, especially on the Upper West Side (pdf)

Buff designer finally moves from $15,000 monthly rental to townhouse that’s superior

Sculptor expands his horizons in Tribeca

Disgraced as congressman, he ditches his old Queens district for a rental in Greenwich Village

Actress gives up Canadian perch after break-up (2nd item)

Housing inventory hits this year’s low

10 cities are the worst Continue reading

The Big Apple: Rentals hot, Hamptons too. More!

Employment posts gain in June, but jobless rate continues to stall

The city’s unemployment rate in June went to 8.7 percent from May’s 8.6 percent, the state Department of Labor reported.

The one-month rise was not itself a significant increase, but after falling consistently each month for nearly a year starting last spring, there have now been four consecutive months without a noticeable decline in the city’s jobless rate.

Most of the drop in the rate from its 10 percent peak has come not from significant job gains but as a result of discouraged job seekers leaving the work force.

The city added 51,400 private sector jobs in the 12 months ending in June. The 1.6 percent growth rate, “is pretty good by historical standards,” according to James Brown, principal economist at the labor department.

Rental rigmarole challenges prospective tenants

With a vacancy rate in Manhattan of under 1 percent, apartments sometimes rent in hours, not days or weeks. Good tenants are not that hard to find. On top of that, evicting problem tenants can be expensive and time-consuming.

So, as the New York Times observes, most landlords here require a lot of information.

They want to see a prospective tenant’s tax returns, pay stubs, bank statements, proof of employment, photo identification and, sometimes, reference letters from previous landlords.

Everyone will run a credit check (many Manhattan landlords look for a score above 700) and just about all, from big management firms to small-time landlords, want to know that your gross income is somewhere between 40 and 50 times the monthly rent.

Luxury sales in the East End Continue reading