Weekly Roundup: Rent control, record low, rates, renovations, rosier forecasts. . . much more!

Three-year extension of rent control becomes law

Area single-family homes experience 2.9 percent drop over 12 months

South Bronx burns no more

Trulia says it’s cheaper to rent than buy in Queens

Selling condos to moms and dads often comes down to child’s play

Harlem’s renaissance enjoys revival

Following reports of rent scams by Queens man, attorney general issues Craigslist alert

NYU’s Furman Center documents plunge in Q4 sales

Four landmarks among the city’s oldest

Curbed.com demystifies the meaning of ‘junior 4’ and other peculiarities of our housing market

Astoria outperforms its neighbor and city as a whole

Sales volume shown to be far more volatile than levels of inventory

Developers switch to selling from top down as luxury sales boom

Jury out on financial impact of buying in smoke-free building

Wealthy Russians swerve from high-end purchases in unwelcoming London to receptive Manhattan

Absent dishwasher can be deal breaker these days

Key to singer’s happiness might be sale of Tribeca penthouse for asking price of $17.9 million

More recognizable than most, they pay more rent than most as well

Actor braves Costa Rica market again by relisting 500-acre compound for $29.8 million

Short appraisal has him never saying never for purchase of 9,000-sf California estate

British synthpop musician who founded band pays 7 percent over ask for Brooklyn home

Michael’s home listed again, this time $23.9 million is its offering price

Will Bruce drive hard bargain with buyers of the Idaho vacation property that he’s listing for $4 million?

Demand for new homes posts strong gain from prior year and economists give their perspective on the numbers

Characteristically lagging Case-Shiller data record post-bubble low in January

Not so, an analyst maintains, along with Toll Brothers CEO

And low supply causes bidding wars to erupt

Of course, Freddie Mac economist says, averring that market is springing out of dormancy

Real estate valuation firm contends many housing markets hit bottom three (!) years ago

RadarLogic says January numbers suggest sellers’ increasing willingness to compromise

Resales in February rise strongly from same month of 2011

10 markets that lure international buyers

Shadow inventory down in January from year earlier

Recession caused less moving in U.S. and more moving shorter distances, e.g. Manhattan to Bronx

Investment and vacation home sales surge in 2011

Rates slip below 4 percent once again

Weak refi activity drags down loan application volume by 2.7 percent from prior week

Foreclosure rate steady in February

Six states with most mortgage fraud in 2010 retain dubious distinction in 2011

Consumers more likely to make loan payments on cars than on homes

‘Placement pets’ becoming popular buyers’ lure in home staging

Market for housing futures still makes investors yawn

Seven bizarre seller incentives go way beyond cookies, contract contingencies

In competitive situations, love letters sometimes win over sellers

Planning, preparation can ward off movers’ stress and save dough

Public housing project in Paris transformed into pleasing landmark with added balconies

Industry association provides trends in kitchen, bath renovations

Where to splurge, where to skimp if you do renovate that bath

What’s fresh in paint?

Just 10 percent of Americans plan to move this year

Yet two-thirds of renters in Fannie Mae survey still hope to buy

Builder confidence unchanged at enduringly low level

Economist says full housing recovery won’t occur until end of 2015

But Merrill forecasters turn optimistic and forecast slight gain this year

And Moody’s sees continued price declines until next year

Getting close to bottom, housing market already helps economy, says Jamie Dimon

Consensus forecast projects strong growth in real estate sector through 2014

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 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

Web site

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