Weekly Roundup: Manhattan sales pace up, condo prices rise, inventory is tight, rates hit another new low, consensus on recovery is developing

Townhouse where Weather Underground dwelling was destroyed in bomb explosion is listed for $10.9 million

Mystery buyer pays $90 million for Midtown penthouse at One57, breaking price record for an NYC condo

Entering a tall-buildings race, New York could have 6 of the 10 tallest buildings in the country by 2016

Majority of respondents prefer smoke-free living in the city

Madison Square’s commercial identity has in places ceded to residential character in recent years

Developers now show reluctance to offer incentives to purchasers of condos

Asking prices, sales zoom in new developments anyway

Pace of sales accelerates in Manhattan

Expect bugs and rats to thrive this summer, so check out advice in Home and Hearth below

New book lifts veil from growing number of  private rooftop gardens in Manhattan

UES neighbors hope to stymie any Toll Brothers plans to demolish 19th century buildings and block up to 175 windows from which protest bedsheets now dangle

Décor in the Kips Bay Show House suggests that, unsurprisingly, ‘understated’ is a dirty word

City adds 12,000 private-sector jobs in April, making best gain in 60 years and bringing year’s total to 60,000

Most Litchfield summer rentals with pools are gone, but many houses still available

It sounds like musical actress is victorious in quick sale of Brentwood home

Casino mogul wins condo purchase for $70 million

Media personality buys, uh, media personality’s Beverly Hills estate on its own road for $37 million

Attempted sale of renowned late tenor’s apartments has former wife singing the blues

Babs — no, not that one — tours celebrity homes on the Today show (video)

Comic actor trades New Jersey for California, but buyer finally agrees to pay ‘only’ $12 million for estate (2nd item)

Homes for sale grow scarce as sellers await higher prices

Valuation firm pegs inventory drop at 21 percent compared with year earlier

Housing starts shoot to 50 percent above their bottom

Fannie Mae profit is latest sign of housing’s turnaround

Realtor group’s housing affordability index breaches 200 for first time, and affordability climbs to record high for second straight quarter

Fixed rates drop yet again, to 3.79 percent, establishing another record for third consecutive week

There is almost nothing lenders don’t want to know about their prospective borrowers

Mortgage fraud tops suspicious activity reports to feds

Consumer credit defaults stay at post-recession lows

Despite loan rate of 5.625 percent, Obamas don’t refinance

Regulator says lending is concentrated among too few financial institutions

Refi activity pushes loan applications up 9.2 percent over prior week

Delinquencies fall to lowest level since end of 2008

Foreclosure activity slides below previous month and year

Despite gains, consumers still have much to learn about credit practices

But there are tactics borrowers can employ to raise credit scores

The Ecclestone sisters exemplify way many of the ultra-wealthy, and ultra-young, buy real estate

Housing development in South Brunswick, N.J. is ‘not your father’s adult community

Value of prime property in world’s key cities falls by 0.4 percent in first quarter of 2012

Surfboard craftsman turns to shipping containers as multi-story homes

Seniors seeking move into continuing-care retirement communities now have bargaining leverage

To builders around the world, size can be everything

Unfinished California mansion once listed for $58 million brings only $18.5 million at auction

Gehry designed building defines ‘superluxury,’ could contain most expensive Hong Kong rentals

Experts say booming Canada market could spell t-r-o-u-b-l-e

Realtors enjoy first bump in income in decade, to median of $34,900 (register free to read)

Single-family rentals continue to pull in investors

New York lawyer and a retired police sergeant charged in $4.7 million real estate swindle

TreeHugger founder designs 420-sf apartment to become six different rooms

Tchotchke lovers: Queen Elizabeth’s Diamond Jubilee inspires designers to come up with products that capture the moment

Renters insurance can ease the pain of variety of calamities

‘Props’ in home may say more about your judgment than they reveal about your interests

Dipping in March, residential remodeling projects still at elevated level

Get rid of their food, water and shelter, and thus go long way to existence free of pests

Small fixes and improvements can make a bathroom go from icky to nifty

Builder magazine sees ‘signs of life, and home builders express unexpected level of confidence that remains way below optimistic

Architecture Billing Index reflects decreased demand for design services

Economists debate whether now is the time to buy

Study by division of the Conference Board sees renters leading recovery

U.S. home prices could drop another 7.8 percent before reaching bottom next year, says Fitch Ratings

Still, Fannie Mae predicts 7 percent rise in sales this year despite cooling toward end of first quarter

You can search all New York City properties privately, 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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