Weekly Roundup: Sales and prices rise in Manhattan, surfeit of celebs on the move, U.S. stats up and down, yet another historic low rate

Manhattan sales jump 9.3 percent over year earlier in third quarter, median prices climb 2.7 percent

Residents praise lifestyle of small spaces, and developers show big interest in them

Much desired sponsor apartments in co-ops bear scrutiny

11 groups lodge lawsuit seeking to block NYU expansion

Prices of single-family homes in broad region off 2.6 percent from prior year, bucking national trend

10th annual Open House New York weekend to celebrate city’s architecture, design

Land-use committee approves massive Lower East Side development

To developer’s dismay, those billionaires strive to leave individualistic impressions on One57 tower

Oscar winner sells Upper West Side penthouse for more than $1.7 million

Actress’ puts Ojai retreat legally on the market for $10 million

Nick and Meagan seek to quadruple sum they paid for L.A. home

Former Friends star relists home in Hollywood Hills for $5.295 million

Married stars of reality shows get $2.3 million for Malibu property

Nerdy Fraser character and husband stretch out on West End Avenue

Today Show offers glimpse into homes of the rich and famous

Funny actress, TV, radio and Twitter personality closes on $8 million Village penthouse

Celebrity Harvard lawyer buys posh pied-à-terre on Sutton Place

His profit on sale of Greenwich Village townhouse way more than 24

No magic rooms or secret passageways in author’s farmhouse on market for $3.7 million

Moving vans needed for Blaine, Don and Christopher

Golden Globe winner helps herself to $1.2 million co-op on Mercer Street

The you know who purchases for $6.5 million Kluge estate in Charlottesville once listed for $100 million

August new-home sales dip below prior month while topping 2011 by 27.7 percent, and average price highest since 2008

Case-Shiller indices rise significantly, in line with forecasts, but don’t expect strong price increases to continue

So why has there been gain in prices?

Foreshadowing slimmer sales this fall, signed contracts drop 2.6 percent in August though up 10.7 percent from 2011

Report on July has prices up 1.8 percent over a year

Rates sink to lowest low ever for 30-year fixed

Mortgage delinquencies decreased in August

Banks trim 1.2 troubled mortgages, foreclosed homes from shadow inventory

Varied credit scores may be costing or saving consumers money

Proposed increase in guarantee fees could add $100 to annual loan payments

Fracking concerns causing listings to languish in the Catskills

Even in 2012 it’s possible to flip a house

80 percent of problems in closing transactions fall into three basic areas

Tech tycoons on mansion-buying binge near ‘Silicon Beach’

Westport tops lists of nine neighborhoods with most $1 million listings

REITs can be one way to diversify your investments, notes Forbes contributor

Foreign buyers favor U.S. property for status, safety of investment, space for vacations

Consider shelves, not cabinets, for storage

There are friends who let friends rent together

Yes, you can tame your closets

Surveyed economists raise expectations for housing’s future

Home prices may not reach historic peak until 2023, Fiserv says

Case (of Shiller fame) doesn’t see prices ‘roaring’ back as housing market reaches bottom

Goldman Sachs predicts prices to go up 1-2 percent in near term owing to competition for well-kept vacant homes

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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