Weekly Roundup: The Big Apple and beyond. Rates hit record low, lower Manhattan surges

Change is good: Weekly Roundup, which I will continue to post on Fridays, will now be combined with a shorter (and admittedly less work-intensive) version of  The Big AppleI hope you like the results.

Developers are beginning to build smaller

And condo conversions are coming back

By the sea, by the beautiful sea sees rising. . . interest

Lower Manhattan becomes one of city’s fastest-growing residential sections

Fed’s Beige Book finds continued ‘sluggish’ residential construction and sales in tri-state region

NYU launches subsidized housing information project with information on 235,000 rental units

Appraiser assesses impact on housing market of two memorable events

Region’s foreclosure rates continue to rise, exceeding the nation’s

Donna does it again. . . in the Hamptons

Mayor’s ex settles for less

Actor is departing Beverly Hills estate to build bigger one (3rd item)

Index of multifamily housing production shows continued, but hardly overwhelming, improvement

Rates drop to lowest level ever

Increase seen in late mortgage rejections, costing prospective borrowers plenty

Purchase applications drop again, nearing 15-year low

Gap persists between advertised and borrowers’ actual loan interest rates

CBO casts doubt on large-scale mortgage refinancing programs

Do homework when real estate broker recommends lenders

Just ask Money magazine how and where to invest in rental property

Or AARP for the most affordable cities for retirement

The government redefines energy-efficient appliances

When it comes to stains, do the right thing

If you suffer from knowledge deficiency about irons, click here

Owners are scaling down their renovation dreams

The Times sheds bright light on new bulb requirements

Comprising housing permits, prices and employment, new NAHB index supposedly reveals 12 metros in recovery

Fed chief provides economic outlook, saying housing has slowed natural recovery process (9th paragraph)

Expert predicts yearly and monthly gain in August sales of previously owned homes

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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