Weekly Roundup: Inventory stress, historic low rates, family matters, new kitchen trend. More!

State gives into developers’ concerns about requiring offering plans to be digitized

There is nothing like a closing

Long Island City is starting to turn the corner

Renters indirectly stuck with lion’s share of property taxes

Industry casts skeptical eye on real estate brokers serving on their building’s board

Real Deal tackles rent vs. buy by Manhattan neighborhoods

New kind of report slices and dices rents by neighborhood and building type

Although half of 2007′s peak, residential construction mushrooms

Inventory shortage is causing unseasonable stress

Some of the priciest apartments easily find buyers

One increasingly popular way to refi is to die for

Preliminary rent increases for stabilized apartments are smaller than last year’s

First quarter prices, sales down in Manhattan’s new developments

Attorney general sues developer of Williamsburg condos over construction defects

History is bonus in new $20 million listing on UES

Sale of late heiress’ three Fifth Avenue apartments totals $55 million

Third baseman almost breaks even on sexy Flatiron bachelor pad

After marriage dreams evaporate, singer dumps penthouse close to asking price

Asking prices inch up compared with April 2011, with Florida and Arizona cities surging as New York rents strongly overtake year-over-year sales increases

In Minneapolis, short supply has buyers targeting homes before they go on market

And in Los Angeles, the Century is well named

Many second-home buyers now settle for getting not so far away from it all

Fixed-rate loans establish new record low

The foreclosure tsunami has yet to arrive

Good luck trying to negotiate mortgage broker’s fee

Serious delinquencies slip in March

Total balance of delinquent first-mortgages sinks to $500 billion in March, the lowest since January 2009

Banks slightly ease lending standards

New statistical analysis reveals precise lender standards for borrowers

Completed foreclosures number 69,000 in March

Loan activity hardly budges from prior week

Wells Fargo snags biggest ever share of mortgage market

Figure out how long you’ll stay put before refinancing again

Measure of good buyer’s rep includes sales mind-set, behavioral style, sales skills

Proceed with caution when buying from family members or friends

If the shoe fits, build a home as weird as 10 of the most unusual ones

10 ways to avoid moving scams start with asking friends for referrals

Mixed-use developments combine town houses, condos with retail shops, hotels, other businesses — all near train station

DIY home improvements can be easy, cheap way to increase value

Predictably, trend of stainless-steel appliances may be waning

Don’t try cleaning true velvet at home, but synthetic versions okay

Startling — startling! — survey results from builder show renters want to own but despair of making downpayment

Growing number of men hop onto the mommy track

Homeownership rate falls to 15-year low

Private residential spending is 64 percent below peak in early 2006 and up 8.4 percent from recent low

One analyst maintains housing is on durable multiyear recovery that could last this decade

But another maintains that housing outlook is ‘dismal’

Price increases over 10 years should equal inflation rate, SmartMoney contends

Saying it’s time to buy, Macroeconomic Advisers predicts housing prices will stay flat this year and then grow  by 1.5 percent in 2013

Support said to build for ending tax deduction of interest paid to finance second homes

Will inevitable rise in mortgage rates squelch housing recovery?

You can search privately for all New York City properties, though I encourage you to be in touch with me for assistance and advice. You also may want to see my 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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