Weekly Roundup: Rates are down, fraud is up

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.

Broadway producer makes a wicked good purchase in the San Remo

Dahlink, Hungarian refugee’s Bel Air mansion may soon be listed for $30 million

Number of  homeowners owing more than property’s worth swells to 28 percent

Prices drop 1.5 percent in March to 4.9 percent below 2009’s post-bubble nadir

Peak to 2009 trough prices plunge 36 percent but exceed last March by 1 percent

Rates decline for fourth straight week below a year ago to low for 2011

Look who’s lending now

With rates easing again, loan volume picks up

Mortgage fraud reaches record high

Foreclosure filing drop 9 percent from March and 34 below one year earlier

Developers tailor apartments to suit so-called “echo boomers”

UK housing market remains weak

Assisted living arrangements experience a boom

Disgruntled buyers say Trump merely ‘rented’ his name

Power stretching is the answer to buckles, wrinkles and bubbles in wall-to-wall carpet

Only ambitious do-it-yourselfers may want to tackle tiling

The rent or buy conundrum is solved

Stark contrasts exist in housing affordability between major races and ethnic groups

Typical buyers have lost twice as much to price declines as they received from government’s tax credit

Builders find buyer hesitance in 55-plus housing market

Conservative economist envisions ‘extended rocky and bumpy bottom’

Another five years for housing market’s recovery?

You can search for 20,000 New York City properties listed by various brokers, and 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 I post on Mondays or Tuesdays.

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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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