Weekly Roundup with The Big Apple

For the long weekend, this post combines The Big Apple, which I publish on Fridays, with my usual Weekly Roundup.  Have a great Memorial Day weekend!  See you again on Tuesday.

The Big Apple
 

Albany reaches agreement on property-tax cut but apparently not for New York City

Co-op boards levy all kinds of fees, but they must be ‘reasonable’

Don’t sign contract without first reading co-op board application

Residents of massive Lincoln Plaza building sue Millstein Properties over disparate pricing

Gorgeous and relaxing Upper West Side amenity throws a benefit for itself

Co-ops are a different animal

A man’s home can be his garage as well these days

Lead in your pants is okay, but not in an apartment with children

New legislation would give second-home owners a tax break

_________________________

TV anchor who wouldn’t dub himself the greatest downsizes to a pied-à-terre

Ostriches will want to read about a political figure’s new place in Arizona

Will journalist’s old apartment sell for a deep discount?

Winning price for this Beverly Hills manse with a past is $7.2 million

Housing starts continue to move sidewise at a low level, reducing inventory

Pending home sales skid dramatically in April

Toll Brothers CEO says buyers are climbing off the fence

Radar Logic index indicates that March had worst seasonal increase in years

Save big bucks by refinancing with a very short-term mortgage

Slower economic activity pushes down rates for sixth consecutive week

Loan activity rises

Sold prices of foreclosed homes in 10 states hover around 40 percent below properties not in distress versus a 27 percent average nationwide

Although proportion of foreclosures sales is high, volume drops

View mortgage delinquency statistics with a soupçon of skepticism



Growing number of Americans can’t or don’t want to buy a home

Condo associations bear down on owners who aren’t current on fees

Luxury retirement moves to the open road

In D.C. and eight other cities, homes are selling within two months

IRS is taking a new hard look at omissions in reporting gifts of real estate to family members

Do ‘green’ products carry enough punch?

There are quiet windows and quiet windows

Follow the water: dehumidifier news

Restoring or removing pre-war detail comes down to price

Hard to believe, but nearly half of us moved for reasons related to housing

Builders’ stats suggest that housing is more affordable than ever

Investors are expected to outnumber buyers looking for new homes by three to one over the next two years

Glut of bank-owned properties could stymie housing recovery for a long, long time

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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