Weekly Roundup: Shortage of condos, rates down again, strong signs of U.S. recovery, ugliest house

Lottery opens for 682 affordable housing rentals in Clinton

Number of condos projected to enter market in next few years likely to fall short of demand

With supply of condos dropping steeply, prices rise strongly

Basic steps can smooth apartment sale even before listing or searching

Biggest moving decision for parents centers on schools

Fierce competition in Manhattan pushes investors to outlying areas such as Nassau County

High rents causing drain of the middle class, comptroller reports

But billionaires buying many rooms they can afford with unforgettable views

New site grades each city block based on reviews of everything from crime to school, amenities (register free)

Rents for Boerum Hill studios swell 10 percent since July, topping gains elsewhere in Brooklyn

Accepting cash offer, an Ives grandson stymies plan to turn late composer’s home into museum

Actress is stoked to sell her Village duplex for $7 million

Music mogul lists 66th-floor condo for $8.5 million

After moving to California and renting out her downtown condo, Ryan’s daughter asks $1.645 for the unit (3rd item)

Curbed rounds up the buy and sell of Law and Order cast

Real divorce has couple putting Beverly Hills estate on the market for $26 million

Resales climb, prices go up and inventory fortunately slides

At local level, however, improvement nuanced

Construction starts of new single-family homes lift solidly from previous year

Residential property values increase 0.8 percent from June to July, 0.6 percent from year earlier

Home building permits on rise in four ‘sand’ states that led nation’s housing meltdown

But 10 cities just can’t turn housing around

August inventory declines 18.7 percent versus 2011, according to Realtor.com

Zillow: prices in August top same month last year by 1.7 percent, but rents keep increasing

Rates return to record lows

FHA temporarily eases guidance on condo approvals

Higher-income earners in few states dominate mortgage deduction

Lending slides to 16-year low in 2011

Downward default trend continues for 8th consecutive month

Loan activity slips despite small increase in refi applications

Underemployed homeowners may be able to qualify for loan — with effort

Purchase of ‘budget’ private islands poor investment

Growing number of modest but more affordable properties popping up for $500,000 or less in the Hamptons

Housing remains political orphan this election

$58 million California mansion could be ugliest in U.S.

Investors plan to purchase more single-family houses

Although sexy investments, condo hotels demand close reading of fine print

First of nine home-office hints is to invoke ‘do no disturb’ practice

Seamless renovation to combine apartments is tall order

Builder confidence reaches highest level in more than five years, but below optimistic

113 economists in survey expect steady price gains this year

Fannie Mae researchers expect home sales to grow 9 percent above 2011 results

Analysts predict only minor boost to housing from Fed’s asset purchases

Journal: Market ‘clearly getting better’

Agreeing, economist says ‘nascent housing recovery has deepened’

Deutsche Bank analysts say housing back to pre-bubble levels, affordability

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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