The Big Apple: Will investors drive up prices?

Construction activity rises, but new starts of residential building dip below previous two years

The value of construction projects commenced in New York City rose 15 percent in 2010 thanks to non-residential and public sector building, while new residential construction starts continued to slide, according to the New York Building Congress.

Residential projects worth $2.21 billion began last year, which was down from $6.03 billion in 2008, at the tail end of the construction boom, and $2.58 billion in 2009, according to the analysis.

Unsurprisingly, federal tax credit caused spike in last June’s sales

The U.S. tax credit for first-time homebuyers had more Continue reading

Weekly Roundup: Rates, sales, foreclosures drop

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.

If you can’t get enough of Charlie Sheen, read about his new purchase

Buyer inks contract for caricaturist’s townhouse after a win in competitive bidding

This Lincoln lists a house that is no log cabin

Quarterback receives contract two and a half years after putting his 74th-floor condo on the market

Shoe designer is having trouble deciding on the right size

Appropriately, undisclosed couple steals serial killer’s Long Island home for a third below original asking price

She seeking a good buyer, who who pay $12.5 million for a West Village townhouse

January’s pending home sales fall 28 percent, indicating sluggish months ahead

Fed’s Beige Book Continue reading