Weekly Roundup: Condo ‘madness,’ price rises, creditworthiness, 1031 exchanges, piece of the Pitt, micro apartments, boomerang buyers, more

City’s encouragement of waterfront living is scrutinized

Hundreds of new condos soon to be on market on Upper East Side

‘Condo Madness Returns,’ New York magazine declares in five-story package

Region’s prices rise 3.1 percent from September to September

Brooklyn new development sales grow 31 percent over last quarter

Storm continues to complicate closings, but lenders honoring expired rate locks

The $235 million he drops on second home is no shack

Comedian’s Bel-Air home goes for $6.3 million

Tattooed singer (as if that narrows it down) picks up Beverly Hills home for more than a song

Picture a cartoonist abandoning his Upper West Side spread, listed for $4.395 million, for Southampton

Author’s earnings help her purchase smashing condo

Asking prices increase in October but slower than rents

Sandy contributes to sharp cut in November inventory

CoreLogic’s index records 5 percent price rise over last year

Number of improving housing markets expands to 125

Q3 price gains found in 120 of 149 metro areas in biggest jump since 2006, growing 7.6 percent over year earlier

Homebuyer creditworthiness highest in 12 years, honesty up too

Rejuvenated housing market jeopardizes accurate appraisals

Sandy causes plunge in loan volume

Rates remain near record lows

Mortgage delinquencies go up in September

Wealthy buyers opting for delayed financing — cash then a mortgage

Neophyte investors investing in properties they can pick up cheaply, rent and, when prices rise enough, sell

But those investors are up against Wall Street-funded teams that turn over huge volume in short periods

Micro apartments viewed as solution to worldwide housing shortage, and China goes to extremes

Off New Hampshire, nation’s cheapest private island on the market for $120,000

Potential for tax hikes sparks interest in 1031 exchanges

Brokers in Vail courting wealthy buyers from Mexico

Nov. 15 is America Recycles Day

Most homeowners’, renters’ policies do not cover flood damage

Screwdrivers top list of 10 tools that homeowners need

You can own a piece of the Pitt

To renovate like a master, apply five of 48 ‘laws’ [scroll to subhead]

Three things to consider before remodeling

With steadily climbing positive sentiment expressed in Fannie survey, prospects brighten for durable housing recovery

Americans setting up house at the fastest rate in more than six years

Builders report improving confidence in 55+ housing market

Boomerang buyers with mortgage issues unlikely to return to home ownership quickly

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
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