Decrease in signed contracts bodes poor fourth quarter and next year’s first quarter
August condo market was setback for that market in Manhattan
Curbed plumbs the mind of a landlord
Sellers who spend wisely on improvements can reap big dividends
Apartments that are furnished enjoy growing demand
Metro region posts one-year 2.2% rise in prices of single-family homes
The Russians are spending! The Russians are spending!
Co-ops need to adjust to same-sex marriages
Architects dish up pie in the sky for affordable housing
Weill hopes to do well for charity in asking $88 million for penthouse in order to downsize
Trust ‘Friends’ star to sell home for millions
Her UWS apartment just isn’t as good as it gets (2nd item)
Realtor group records falling prices in 75% of metro areas during Q3
Index posts second consecutive monthly and year-to-year decline
But NAHB reports that improving metros rise from 23 to 30 in November
And Builder magazine names the 8 healthiest markets
D.C. tops list of 10 areas with smallest houses, Hawaii is second
Unsurprisingly, it is wealthy buyers who fuel the second-home market
Monthly mortgage payment nears 40% less than in 2006
And 82 percent of refinancing homeowners maintained or cut mortgage debt in Q3. . .
Thanks to plunging rates, which ticked down to 3.99% this week
Lending strictures mean that speaking to a loan officer should be first step in home search
Foreclosure rates nearly double from a year ago
Paying off the mortgage in today’s world may be unwise
October’s foreclosure activity hits 7-month high but is 31% below a year earlier
Number of ‘underwater’ borrowers goes from 26.8% in Q2 to 28.6% in Q3
Purchase applications reach August’s high, but volume still below June/July levels
Many homes purchased by first-timers to obtain last year’s tax credit have lost more in value than the $8,000 benefit
Federal government is auctioning off properties from sea to shining sea
Also available from the Feds are homes for only $100 down, but none in New York State
Air is seeping from China’s real estate bubble
Today’s furnishings cause fires to spread faster than ever
Buy tile in outer boroughs and consider four other ways to save on bathroom renovation
Collectors should avoid eBay to maximize fun and adventure
Fine arts professor suggests chucking plastic reindeer
Consumers’ pessimism persists about housing prices
Two-thirds of Americans says housing will influence vote in 2012
Builder confidence sinks for buyers older than 55
Fitch says growing supply of distressed homes will squeeze prices another 10%
But Zillow predicts a dip of 3-5% until hitting ‘definitive’ bottom perhaps next year
Americans might well turn even more sour on real estate before they finally become optimistic again
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
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