Weekly Roundup: Slower pace of rent increases, rise of mortgage rates, Gen Y’s influence on house design, tech myths, market predictions

Rents rise at diminishing rate

UWS has highest absorption rate in Manhattan

Glassy condo buildings unwelcome among old money residents of UES

Free shuttle bus can be a deal maker

Those pesky brokers will write anything to set listings apart

Westchester markets enjoys strong finish

Knowing building’s rules one of seven tips for novices renting out apartments

First-time foreclosures drop to seven-year low in the city

Philanthropist’s 26-acre estate on Cape Cod private island sells for $19.5 million

Actor hunting for house lands Pacific Palisades ‘palace’

Spanish-American heart-throb and TV talker list their Tribeca penthouse for $24.5 million

Five-time Emmy winner puts 4th California property on the market — eight months after buying the Beverly Hills mansion

Homeowners’ equity jumps 20 percent after years-long slump

List of improving markets continues to grow

Apartment vacancy rate declines to 4.5 percent in last quarter

Interest rates reach highest level in two months, though only 3.4 percent for 30-year fixed loan

Bank of America continues retreat from home mortgage market, reducing competition and thus possibly raising borrower costs

Loan activity bounces back after holiday lull

Fed agency finalizes rules for  high-cost mortgages and your questions answered

But those rules leave wiggle room for lenders

Growing number of loan modifications involve lawyers or those who play them to borrowers

Wealthy buyers using Picassos, other high-value assets such as investment accounts to secure loans

$8.5 billion settlement with banks said to mask government’s flawed review of loans

In tight markets, buyers’ heartfelt letters can win the day

Gen Y’s wish for amenities having impact on design of new developments

Same-sex marriage raises issues of property ownership for couples

Russian couple snaps up billionaire’s Malibu estate for $75 million

Some of worst property photos ever bound to turn off buyers

Flexible space outshines formal dining rooms, other fading trends for suburban buyers in 2013

Analysis of rent control finds that it is counter-productive even to tenants

Many view decorative painter who lives in San Francisco as best at creating faux effects

Move to lose it if you don’t live in New York, Boston or San Francisco

LED replacements for incandescent lights vary in brightness and hue

Spruce up your home affordably

Six common tech myths could cost you $$$

This is the year to be green and trendy

Four rules of thumb for choosing wallpaper

Real estate related searches on Google more than double online in four years

New tax law lightly to weaken luxury sales

Clear Capital predicts that price recovery in most housing markets will slow

More inventory anticipated as one likely cause of diminishing rate of price increases this year

Florida’s Palm Bay one of 20 cities listed that could see rise in foreclosure sales

Wall Street bets big on housing

Yet mixed results for the market foreseen this year

You have the option to search privately for all New York City properties here, 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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