Weekly Roundup: Renters reject commissions, pending sales up over year, rates set record, list IDs ugliest mansions, recovery talk ignites debate

Although able to buy multimillion-dollar residences, some very rich folks choose to rent at sky-high prices instead

Fire Department takes dim view of dangling air conditioners and undertakes strong action

Landlord’s empire of apartment buildings collects thousands of code violations

City comptroller expects large residential properties to maintain value

40 percent of renters say they won’t pay broker’s fee purely on principle

Some Brooklyn renters moving back to Manhattan, where they find cheaper digs

With luxury home sales hitting record, surging Hamptons activity nearly matches 2007

City Council overwhelmingly approves NYU expansion plan

Sales, prices of new condos in Brooklyn boom in Q2 vs. prior year

Westchester communities experience parent drain after commencements

Broadway couple trades hit musical for the Hit Factory

She kisses good-bye to Tribeca condo at a small loss

Filmmaker decides it’s time to sell California estate at an asking price of $9.5 million

Index of contracts signed in June slips 1.4 percent from May but goes 9.5 percent above year earlier

Prices of homes with government-backed mortgages rise for fourth consecutive month

And Zillow reports prices up in same period, indicating bottom’s arrival

Interactive graphics reveal specifics of bright spots, trouble spots and more

June sales of new homes produce third weakest total for the month, but the stats demand perspective

Las Vegas, Detroit and Mesa among cities where buying cheaper than renting

Rising home prices may be putting off foreign buyers

Investors buy 65 percent more homes in 2011 than in 2010

And foreign investors raise purchases of U.S. dwellings by 33 percent from Q1 to Q2

Rates dip below 3.5 percent barrier, establishing another record low

Getting short sale approved a nightmare

Refinance activity swells 2 percent from previous week to highest level in 38 months

Delinquencies increase in June

More than half of U.S. metros post higher foreclosure activity

Serial refinancing can carry unexpected costs

Home equity lending makes small comeback

Equity-poor homeowners effectively barred from trading up

Green certification label on a house in California adds an average 9 percent to its selling value

Investors in REITs should think warehouses, not apartment buildings

Nation’s suburbs tenuously trending to more diversity

Goldman Sachs names builders worth buying

To save money, writer suggests, move downtown

Money magazine advises future millionaires to invest in real estate

Put seatback in upright position, fasten seatbelt and. . . buy real estate while on Latvian airliner

List of nation’s ugliest mansions again proves that money doesn’t buy taste

Cheap loans cause bubbling home sales around the world

Lack of profitable land hinders housing recovery

A&E network introduces home makeover show called “Hideous Houses”

Getting plastered is fine. . . with walls

To make small look bigger, first remove doors

Plan carefully to maximize efficiency when remodeling galley kitchen

When moving, be sure to leave certain items behind

Sales of pickups follow housing’s renewal

19 percent of us have disability and thus are protected from housing discrimination

Soft labor market nudges down NAHB’s remodeling index

Current ‘lackluster’ progress likely to continue for some time

Mortgage rates could go even lower

Claims premature that housing has bottomed, Radar Logic contends

Strict underwriting standards make one analyst dubious about recovery

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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