Weekly Roundup: May luxury sales boom in Manhattan, U.S. pending sales drop, interest rates reach new lows, talk of recovery swells

Upper West Side townhouse breaks price barrier

Avoid red flags when applying to rent an apartment

You may think this fish story is hard to stomach

Lawyer advises buyers to order a “physical” for new developments

Condo loses bid to stop resident from smoking cigarettes

Luxury properties enjoy blockbuster sales in May, and foreign ‘fright capital’ is driving prices beyond reach of typical wealthy buyer

View of park from Central Park West can be double cost of apartments elsewhere on UWS

Abacus Bank, which primarily serves Chinese community, indicted on charges of mortgage fraud

On Fifth Avenue, one white-glove building means it

Oscar-winning divorcée sells her townhouse in Harlem for $2.8 million

Former senator who was chairman of company now bankrupt absorbs another blow in penthouse sale

Actress lists one-bedroom East Village apartment with garden for $1.7 million

Former head of NAACP puts Tribeca apartment on the market for $5.75 million

Author who ditched New York for the country demonstrates change of heart

Case-Shiller has prices falling to post-bubble low based on usual old data, prompting economists to pontificate

And 13 of 20 cities post declines

Up strongly from year ago, homes going into contract in April fall 5.5 percent from March, so analysts weigh in

House prices are back to normal, respected Calculated Risk blogger maintains

Warning against too much optimism, RadarLogic reports monthly price rise in March that remains below a year earlier

Rates set new records for 15-year and 30-year loans

There are ways to improve chances of getting a good  deal when refinancing

Loan activity slips 1.3 percent

Five states dominate April foreclosures, but U.S. completions drop dramatically from year earlier

LPS also sees foreclosure sales off in April, but federal agency shows spike in foreclosure starts

And short sales hit new high as banks set lower prices

Risk of mortgage fraud declines to lowest level since ’09

Cellphone-industry prioneer has his private Canadian island for sale, not rent, for $75 million

South Florida again seeing signs of boom

Global rich are on the move — for example, the Chinese entrepreneurs who just bought a Beverly Hills mansion for $34.5 million

Financier argues that costs in addition to mortgage turn residential real estate into ‘money pit’

NAHB considers how builders are adapting to renters latest preferences

Homes near urban areas and wildlife refuges command premium prices (yet walkable matters too, below)

Subway tiles can dress up kitchens with classic style

Examples of home offices may inspire you

Slake your thirst for pure water with newly designed filters

Department of Unfortunate Juxtoposition: Bathrooms go high-tech

Study finds that most valuable real estate lies in walkable urban locations

Overwhelming majority of foreclosure buyers plan to live in their purchase

Bloomberg News chronicles encouraging signs of recovery

You have the option to 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

Web site

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