Weekly Roundup: Storm effects, U.S. price and sales trends, credit scores, timing of rate locks, buyer rebates and growing optimism. Much more!

Daylight Savings Time Ends Saturday Night

Firm cost of storm’s damage to area homes long way off, but total will be astronomicalperhaps as much as 64 percent of $50 billion total

Sandy ravages Long Island’s East End, decimating homes of the rich and famous

Storm could shape how residential housing along the water is built, marketed, sold

Buyfolio collaborative service for consumers and agents finds deep-pocketed buyer

‘Prewar’ speaks volumes

Boards may promise buyer applicants one thing, then do something else

World Series pitcher lists California mansion for $11.45 million

Buyer of late pop star’s estate so eager to move in that he’ll occupy the place before sale closes

Actress takes substantial loss on her sale of Hollywood Hills house fit for a queen

Late Oscar nominee’s duplex overlooking Central Park on the market for $13.95 million

Case-Shiller records continuing upward price trend

Homewnership, rental vacancy rates more or less unchanged

New homes for sale near lowest level in half a century

Demand outpaces completion of new apartments

Borrowers with credit scores below 660 face tighter standards than others

At least a jobless stint doesn’t rule out loan — if some conditions met

Rates hover near record lows

In Sandy’s wake, appraisers rush in, closings postponed, damage assessed

Relatively few benefit from interest deduction

When locking in rate of home loan, timing is, well, everything

Defaulting buyers return to mortgage market at ‘extremely slow rates’

Wells Fargo may be trying to pre-empt lawsuits by sending refund checks to thousands of borrowers

Foreclosures decline, inventory still flat

Foreclosure protection ordered for area homeowners in New York and New Jersey

Purchase activity inches up as refinancing volume slips

Serious delinquency rate declines in September

Buyer rebates from brokers legal in most states

Architects design buildings increasingly to meet needs of deaf, blind or older persons

Power of attorney must be provided with great care

Sweet dreams for New Yorkers frequently revolve around extra rooms

Storm swells construction companies’ bottom lines

Private residential construction spending gains in September

Star sheen adds gloss to luxury buildings seeking brand distinction

Ultra-high-net-worth investors turn to like kind for purchase of ‘family office’ with half the risk

New buyer appears for threatened Wright house in Phoenix

Hardcore homeowners fortify themselves against any possible calamity in ultimate safe houses

Get into the closet

Deliberate speed essential for homeowners coping with sudden damage for emergency repairs

Cleveland Fed study finds that prices have ‘finally entered a sustainable recovery’

Housing contributes to gross domestic product in six consecutive quarters

Recent reports prompt Wells Fargo to raise forecasts for 2013 and 2014

Storm’s impact uncertain on affected areas and beyond

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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