Weekly Roundup: Apartment bargains, price gains, sinking supply, mixed prognostications

Residential sales market attains highest peak in total dollars citywide since 2008 financial crisis, sales trail 2010

When it comes to the middle class, Manhattan naturally has one of its own

Winning design for micro-apartments allows for 55 250-to-370-sf modular units in Kips Bay

An UWS townhouse is listed for. . . $50 million

Closed sales in the Bronx slide to five-year low in 2012 as median inches up to $288,990

Major architecture firms expect 10-20 percent staff growth

First-floor apartment one of eight ways to get more space for less money

Zillow calculates 8.3 percent rise in home values

It is possible to avoid double taxation when refinancing in the city

If you can’t be too rich or thin, apparently you can have too much house

Average home price in the Hamptons sets record with surge of luxury sales

Sold price of Gramercy condop trimmed 67 percent from price that fashion designer had paid

Singer’s original $18 million asking price for Tribeca penthouse off key

It’s selling days for two-family Chelsea townhouse owned by actor

Co-host of late-night TV program suffers apparent net loss on sale of UES co-op

Hip (hop) party boy sells East Hampton estate for full asking price

Russian-born actress will no longer be resident of her Greenwich Village townhouse

A star of “Law & Order” goes on the market

As supply nosedives, resales slip in December and prices continue upward trend

And what to make of those numbers for existing home sales

One of six reasons housing inventory keeps declining is number of underwater homeowners

Price growth reaches 5.9 percent in 2012, Zillow reports

And federal agency puts 12-month gain in November at 5.6 percent

Rates continue upward trend

Short appraisals derailing transactions, and they’re especially tough to do right at high end

Purchase activity jumps 7 percent in a week, reaching highest level in nearly three years

Delinquencies drop 9 percent from December 2011, loans ‘in foreclosure’ slip vs. year earlier

Vigilance can uncover costly language buried in loan documents

Who wouldn’t want to live in one of 150 Nazi bankers that Germans are selling?

Parisian who lived in 17 square feet of inhabitable space seen as symbol of exorbitant real estate market

Architecture Billings Index rises for fifth consecutive month

Count on renovations taking longer than planned

Refrigerators with hot- and cold-running water, other innovations for homes introduced at International Builders’ Show

Younger adults propelling household formation

Remodeling activity increases 5 percent from Q3 to Q4

When it comes to housing market, it looks like early spring

Momentum continues, but recovery expected to occur in fits and starts

RealtyTrac VP also predicts ‘positive news. . . going forward’

But prognosticators were mostly wrong last year

Economists at builders’ annual show predict robust gains, especially next year

Shiller worries that ‘abnormal market’ causes ‘lot of uncertainty going forward’

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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