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 ITS RELIANCE ON OLD DATA

FED COMMITTEE (FOMC) SAYS HOUSING SECTOR IS DEPRESSED, ‘REDUCING HOUSEHOLD WEALTH AND THUS RESTRAINING GROWTH IN CONSUMER SPENDING’

APARTMENT MARKET IS ROBUST IN FOURTH QUARTER

PRICES, SALES LITTLE CHANGED IN OCTOBER

LONG AND SHORT-TERM MORTGAGES DIP THIS WEEK

Q3 MORTGAGE PERFORMANCE IS STEADY, BUT FORECLOSURES RISE

MORE THAN 4.3 MILLION LOANS ARE 90 DAYS OVERDUE OR IN FORECLOSURE

COMPUTERIZED HOME APPRAISALS CONTINUE TO CAUSE PROBLEMS, THOUGH IT’S THE OPPOSITE THESE DAYS OF BEING TOO GENEROUS

EVEN SEASONALLY ADJUSTED, LOAN APPLICATIONS DIP DURING THE HOLIDAYS

LENGTHY APPROVALS COMPLICATE BORROWERS’ RATE-LOCK DECISION

REAL ESTATE STOCKS HANDILY BEAT DOW-JONES AND S&P INDICES

BUYERS, NOTE THAT THE PROCESS MAY NOT BE PLEASANTVILLE IF HOME SALE RESULTS FROM SPLITSVILLE

PIGEON COOP PROPOSAL HAS NEIGHBORS IN RYE CRYING FOWL

ACTING LIKE AIRLINES, LANDLORDS TAYLOR RENTS TO CHANGES IN  SUPPLY AND DEMAND AS FREQUENTLY AS EVERY DAY

NOW LANDLORDS ALSO EMBRACE SOCIAL NETWORKING SUCH AS FACEBOOK TO MARKET UNITS AND CREATE ANOTHER AMENITY

10 EXPENSIVE HOMES THAT SUFFERED BIGGEST PRICE REDUCTIONS IN 2010

BANK ERRORS UNRELATED TO FORECLOSURES DAMAGE CUSTOMERS’ CREDIT

STUDY DESCRIBES HOW HOUSING SLUMP CREATES A NEW KIND OF DECLINING CITY

INTERIOR DESIGNERS MAY OPT FOR BOOKS THAT ARE RED BUT DON’T CARE WHETHER THEY ARE READ

IT’S EASY, EVEN REMUNERATIVE, TO PROVIDE ELECTRONIC TRASH WITH A GOOD HOME IN THE BIG APPLE AND BEYOND

SURVEY RESPONDENTS WOULD LOVE TO LIVE NEXT DOOR TO A LADY, A BEAR-SKINNER, A REDHEAD AND OTHER CELEBS

FOREIGN INVESTORS SAY U.S. BESTS CHINA FOR APPRECIATION, FAVORING NEW YORK AND D.C. AMONG CITIES AROUND THE WORLD

WHITHER THE BIG APPLE’S HOUSING MARKET?

JOURNAL SUGGESTS FOUR HOUSING ISSUES TO WATCH IN 2011

HOUSING STARTS SEEN RISING TO THREE-YEAR HIGH, SAYS ONE ECONOMIST, WITH OTHERS SEEING HOPEFUL SIGNS TOO

FORTUNE HAS HOUSING MARKET’S BULLS AND BEARS DEBATING WHERE WE’RE HEADED

IF PENDING SALES KEEP CLIMBING, MORTGAGE RATES STAY LOW AND EMPLOYMENT IMPROVES, REALTORS’ ECONOMIST PREDICTS GRADUAL PROGRESS THIS YEAR

BUT ONE ANALYST SPECULATES ABOUT A 5-10 PERCENT PRICE DECLINE THIS YEAR FROM OCTOBER

JOB GROWTH, LOWER PRICES AND POLICY MOVES CITED AS KEYS TO HOUSING’S RECOVERY

MOODY’S ECONOMIST SAYS IT WILL BE BETTER TO BUY THAN RENT BY YEAR’S END

In the sidebar on the right, you can search for properties listed by various brokers, though I encourage you to be in touch with me for assistance and advice. You also may want to see my periodic critiques of properties that I visit in “Out and About,” which is posted today but will appear on Mondays and Tuesdays after next week.

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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
Web site

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