Weekly Roundup: Rents, rates, remodeling, more

Update: Prices, sales of new condos post healthy year-over-year increases in Manhattan

Demand for ultraluxury apartments outpaces modest units

Report finds 7.2 percent rise in January rents from a year earlier in Manhattan

No ceiling in sight for rentals, the Times declares

But a City Journal editor begs — make that demands — to differ

As appraisal executive says it’s the editor who’s wrong

Only on a mere few days can some see forever

The cover of an offering plan may signal the sort of big trouble that some Brooklyn buyers encountered

Retaining the right attorney is only the first step buyers should take to avoid a co-op with problems

Chart details widening spread between very top and bottom of the market

410 residential properties now rid of most major violations

Analytics firm says tri-state area is at very high risk of mortgage fraud

Check out a Central Park West mansion that rents for only $110,000 a . . . month

The gaps yawn among lobby functionaries

Walls may not speak, but they might reveal secret spaces

Three years after listing 5,000-sf SoHo loft for $5.495 million, actor unloads it for $3.6 million

Broker seeks to capitalize on Whitney’s death in sale of her New Jersey home

Buyer of late actress’s Sutton Place co-op strikes golden deal

Lingering on the other coast, he offers nightly rental of condo with two bedrooms, kitchen and synk

An actor/singer rents without really trying an apartment listed by a sporty Canadian for $23,000 monthly

Home construction bumps up 9.9 percent over January 2011

But economists aren’t exactly jumping for joy (or sounding depressed)

Tight inventory of quality properties helps keep floor on prices — for now

Mom-and-pop investors prop up market

Affordability index for families earning $64,200 median income hits 20-year high

Rates persist at all-time low for third week

Consumer agency issues prototype mortgage form to improve disclosures

Fixed-rate loans accounted for nearly all refinancings in Q4

Volume of purchase loans continues its steep descent

Foreclosure activity edges higher in January

Mortgage delinquencies decline in last quarter

Short-timers may do better with a hybrid ARM than a fixed-rate loan

Bernanke urges action to heal housing markets

California homeowner collects $2,000 monthly for turning home into billboard

Turkey tops list of European cities best for investment

Zurich overtakes Tokyo as most expensive for residents, leaves U.S. cities in the dust

Atlanta remains DIY movers’ destination of choice

REITS starting to enjoy strong prospects

12-year-old raises enough money to save grandma’s home

Obama budget calls for $6 billion to expand home energy retrofits

If you’ve managed never to paint a wall, there’s a right way

Why pay for fixes you can do yourself?

Remodeling index posts big increase, 26th consecutive month of year-over-year gains

While staying in the dumps, builders’ confidence edges up again

Lender settlement on foreclosure abuses could spur long-term housing recovery

Short sales, other measures could solve housing crisis

Construction of single-family homes, apartment buildings expected to rebound in 2012

You can search for all 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 will post on Tuesday because of President’s Day.

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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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