Weekly Roundup: New tool rates rental buildings, economists agree that U.S. outlook is dimming

Manhattan condo projects shrink dramatically in size

And this year’s crop of available units is sparse

Analysts, brokers conclude in New York magazine that the market could be worse

New Web site ranks buildings for would-be tenants

Doorman of the year mothers residents of Park West Village

Actress ‘on fire’ moves into rental to attend college

This stone is rolling fast and gathering green

Onetime TV doc unloads Hawaii home after major surgery on his original $19 million asking price (3rd item)

Construction of single-family homes still tepid, but number of permits issued edges up

Oh, there’s one housing market for the rich and one for everyone else

Fixer-upper rentals and other leasing units may be the brightest spot in the market

July prices fall 3.3 percent from a year earlier to March 2004 level, says federal agency

Higher mortgage limits almost certainly will expire as housing lobby fails to win extension

Number of properties entering the foreclosure pipeline outpaces the total sold or taken back by banks

Declining purchase applications suggest weak September, October

Record low rates hold steady, likely to go down even more

Fed study finds that underwriting changes and lack of home equity squelched refinancing in 2010

Borrowers need to pay attention to picking the right mortgage broker, loan officer or loan originator



Consumers benefit as title company traditions begin to erode

Curbed teams up with Zillow to provide national listings search capability

If your purchase contract declares ‘time is of the essence,’ don’t neglect a force majeure clause

Difference between agent and Realtor is zealously defended

Illinois townhouse owner desperate to sell offers $1,000 bar tab across the street to eventual buyer

J.P. Morgan starts downgrading builders, consistent with their confidence (below)

Kitchens and kids can co-exist safely

Do you still believe old mothers’ tales about washing clothes in hot water?

Something that looks like a plunger helps with washing clothes by hand in hot water or cold

Despite its cons, tile can improve appeal and saleability

Seventeen (!) ‘simple’ steps to fix a leaky toilet

Paint wall, replace appliances to prepare for sale?

75% of sellers believe their homes worth more than agents’ recommendation, yet 68% of home buyers believe they’re overpriced

Builders’ confidence remains in the sub-basement

59% of renters want to own, but more than half worry about down payment in Trulia survey

Architects’ business turns up

Will there be another refinance boom?

Economists, other experts express ‘dimming outlook’ for home prices in a survey

Price behavior and increased foreclosure activity ‘point to trouble ahead,’ says Radar Logic (pdf)

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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