Weekly Roundup: Supply in U.S. and NYC dwindles, rates keep falling, Oprah takes bath, hell is hoarder at home, Shiller’s glass half empty

Obama slept here, and so can you for $2,400 a month

Median price of new condos up 15.4 percent from year ago, inventory down 19.1 percent

Q2 prices in Brooklyn, Queens edge up as inventory plunges

With prices falling in the Hamptons, sales pick up

Boards only set policies and six other surprises that rookie members may confront

New rental units in the city undergoing shrinkage

New handful of properties set to come on market at $90 million or more

Retired detective names safest, riskiest units in apartment building

Sales volume, property values remain well below peak levels, says NYU’s Furman Center

Number of residential building permits skyrockets, especially in Manhattan

Super rich favor London over New York City

City draws closer to its goal for affordable housing

Actor and partner make second big buy in Gramercy Park

Athlete nets tidy gain on sale of Tribeca condo

Oprah takes bath on Chicago apartment

Live like a Madoff for $4 million as Bernie’s brother plans for prison term, and there’s more of his kin’s property in the wings

New surbabnites sell Upper West Side apartment with view at loss of $200,000

With resale inventory constricting, June sales grow 4.5 percent over same quarter last year

Housing starts reach highest level since October 2008

Reluctant to sell at a loss, underwater homeowners cause inventory declines, drive up prices in their markets

U.S. supply in June plunges 19.4 percent from year earlier

So asking prices climb for fifth straight month

Miami bouncing back

Pace of price increases accelerates on LPS index

Feds Beige Book finds residential real estate to be ‘largely positive’

FNC puts monthly price increase at 0.6 percent in May

Three mortgage rates set new records

Lenders using new credit score may approve more loans (free registration required)

For many home equity borrowers, big bills coming due

Yet lenders making home-equity loans more accessible

Many retirees find themselves getting into trouble with reverse mortgages

Percentage of borrowers falling behind in payments levels off to lowest point since housing crisis began

Low rates cause burst of refinance activity

Mortgage brokers face increasingly uncertain future

Report questions whether minorities are being steered to government-backed loans that cost more than conventional ones

An architect of subprime trade aims to raise $500 million fund to buy foreclosed homes as rentals

Banks’ home-loan headaches could cause them pain for years

Americans living larger again in defiance of economy

But others emphasize efficient use of space

Multiple bids change playing field in a number of markets

Some homeowners sing ‘home, home on the plane’

Canada’s housing market shows signs of cooling

Brazil tops list of 10 countries with biggest rise in real estate prices

Being a hoarder is bad enough, but living with one is hell

Overdevelopment sends prices crashing at luxury private golf communities

Insurance deductibles soar

It’s not so hard to fit in piano unobtrusively

Remodeling activity picks up in May and helping individuals age in place likely to spur sector’s growth

Licensing group says picking the right contractor begins with choosing one with a. . . license

Frankly peculiar cordwood masonry enjoys minor revival

Fairly inexpensive changes can help pet owners save money, keep animals healthy, make the home less like zoo

Only 54 percent of surveyed experts believe home of future will be smart

Increasing number of college students living at home

Average FICO credit score hardly changes during recession

Still way below optimistic, index of builder confidence zooms above expectations

Baby boomers spread themselves around

Risk of ‘serious delinquency’ on mortgages has grown fastest for individuals older than 50

Fed analysts conclude most local housing markets still have a way to go to achieve clean bill of health

Shiller: Suggestions of improving housing market too optimistic

Economist estimates that homeownership rate will fall from 65.4 percent now to 64 percent by 2015

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 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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