Weekly Roundup: Sales strong, rents spike, celebs move, U.S. prices rebound, rates drop again, consumers hopeful, analysts see recovery

Strong sales mark first half of year as inventory dwindles

$7.67 billion worth of homes change hands citywide in Q2

Rents jump to highest level in two years in fifth consecutive quarterly rise

Woman accuses landlord of refusing to list her wife on lease, threatens lawsuit to enforce law

Developers switching condos to rentals because market hot

Yet condo sector appears to be clawing its way back

Public Advocate issues latest list of 10 worst landlords

Some neighborhoods left behind in gentrifying Brooklyn

City wants to test designs for tiny apartments smaller than currently permitted, and sales of micro units have been steady over the years

Co-habitation agreements becoming the new prenup

Lawsuit accuses neighbors of scaring away buyers so as to purchase house at low price

Appraisals continue to fall short, leaving change of lenders as best response

Homeowner’s insurance may be only recourse for theft from storage locker

Foreclosure auctions swell to highest number in a year

Times discovers the pampered dog’s life and, on expansive terraces, the wealthy apartment dweller’s high life

Not the next Regis Philbin and wife sell UWS penthouse for $3.8 million

Writer doesn’t blink at $1 million cost to add second unit to his Greenwich Village home

21-time Tony-winning producer lists East Side townhouse for $22 million

R&B superstar buys mom $550,000 house in Georgia

Actress picks up $1.55 million Gramercy Park co-op that has ‘museum-quality’ shelving and one of those keys

Mets star is out of bachelor pad for $6 million

He ends long run in Greenwich Village without a trace, selling townhouse for $7 million

Queen of contemporary independent cinema and Zodiac star unloads East Village apartment (3rd item)

Sale of silver-thatched TV news personality’s Midtown duplex closes a bit over his asking price

Quarterback drops $4.6 million for seven-bedroom gated mansion in Denver

Home prices in June rebound, with quarterly and yearly gains of 1.7 percent

NAHB names a few more ‘improving’ housing markets

WSJ column declares end of housing bust and gain in recovery’s momentum

Four states stand out for high level of housing misery

Sinking to another all-time low, interest on fixed-rate loans falls to 3.56 percent

Federal agencies could induce private lenders to ease restrictions on home loans

Consumer Financial Protection Bureau issues proposed rules to bolster fairness, clarity in residential lending, and the industry responds

Volume of purchase activity increases slightly

Foreclosures again near record high

They leap up 6 percent in second quarter from a year earlier

Mostly silence greets offers of $150,000 loan reduction for borrowers behind in payments

Rising home values buoy underwater borrowers

Habitat for Humanity fears harm from proposed new mortgage rule

$175 million discrimination settlement leads Wells Fargo to follow other big banks spurning mortgage brokers

‘Jumbo’ market strong, competitive and growing

Borrower pays off mortgage by giving bank his 2 cents plus 61,998 more

REITs outperform other funds in second quarter

For want of $400, some families lose their homes

Canadian housing market nears turning point

Reviews of agents remain controversial

Assessor concludes Silicon Valley mansion worth half of $100 million purchase price (free registration required)

Infants in households with dogs healthier than those without and better than those with a cat

Concrete worth consideration to top kitchen counters

17-point quiz can help determine whether to do it yourself

Fannie Mae survey records growing consumer confidence about housing market

Add construction employment to evidence of bottom

Optimistic chorus for housing sings louder

Trulia’s chief  economist leads the chorus

JPMorgan Chase analysts expect 12 percent price rise over four years

Altos Research sees ‘makings of a bull market’

Although price increases may slow for a few months, Capital Economics says, prices should climb overall

You have the option to 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 will post on Tuesday because of auction news on Monday.

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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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