Weekly Roundup: Cautious optimism prevails in NYC, prices up and supply down in the nation

Brokers expect sales to continue outpacing 2011 levels and for prices to rise or remain stable

Long Island’s East End increasingly becomes sought-after place to live year-round

July prices in region post 3.4 percent gain from same month last year

Growing number of city’s apartment buildings fall short of lenders’ standards

When it comes to property taxes, the city giveth relief and taketh it away

Pioneering figure in music industry tries once more to sell penthouse in Financial District for $11 million

Fashionista rents 2,500-sf West Village apartment for $1,000 per square foot

Hollywood home with pedigree sells after being relisted for $12 million

CoreLogic records 3.8 percent price increase from July 2011 to last month

Inventory dives 23 percent early this month year over year

Asking prices up 2.3 percent in biggest year-over-year increase since recession

June prices up 0.5 percent from 12 months earlier and what to make of the increase

One big reason: Drop in distressed sales

By one measure, time on the market is shrinking

Mortgage rates little changed

Loan activity tapers off

Foreclosures drop to lowest level since 2008

Complaints about mortgage payments flood Consumer Financial Protection Bureau

Is Case-Shiller falling behind the times?

AARP lists best places to live on $100 a day

How buyers and sellers choose a real estate agent

Emphasize neutrality and quality in choosing more-permanent pieces for a kid’s room [Register free]

Some manufacturers see waning of stainless-steel trend

Wrong renovation decisions can be costly in the end

Take that chair and fix it

DIY loft bed could solve problem of tight space

Private and public residential construction spending dips in July below peak but climbs above recent lows

Multifamily index indicates sector’s growing strength

Latest data suggest housing sector coming back to life.  . . slowly

Evidence accumulates that prices have hit bottom unless rising mortgage rates discourage buyers

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

Web site

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