Weekly Roundup: Early spring, Borgnine mansion, slumping inventory, Case-Shiller attack, DIY tips, increasingly confident Americans, builders’ mood

Governor signs renewal of tax abatement into law

Construction permits take off from 2007 level

Market reveals early spring as pace of pending sales below $5 million is fastest in 12 years

And jump recorded in development activity of multi-family buildings in Brooklyn

Although nothing new, garbage disposals prove to be worthy of boasts

Cuomo seeking to buy out homeowners to remake coastline

Concessions dwindling for buyers of new condos

Will rents take off again?  Maybe: Low inventory continue to push up rents of studios, 2BR apartments last month

Region’s housing prices up 8.5 percent from prior December

Big uptick in supply seems unlikely

Her Greenwich Village duplex is coming around again

Late-night newswoman decamps to $5 million Carnegie Hill townhouse

Estate of Ernest Borgnine  too arresting for actor couple to pass up for $3 million

And Los Angeles estate of late musician whose wife was chess enthusiast goes on market for $14.45 million

Former NBA star loses Atlanta mansion to foreclosure after his divorce

He has designs on collecting $37,500 rent for SoHo condo

MTV acting star proves times aren’t so hard for him

1974 Oscar winner unloads downtown condo for $1.72 million in bidding war above ask

House prices post 8.3 percent year-over-year gain in December in biggest increase since 2006

Housing inventory 22 percent lower than one year ago

Asking prices set new records, rising 0.9 percent from December to January

Houses finding buyers within two weeks lately

Builders group says recovery now has spread to all states

Feds accuse Standard & Poor’s of fraud for company’s 2007 ratings of mortgage-based securities and Holder explains

And Schneiderman launches probe into the conduct of the three major credit-ratings firms

Rates tick down

Getting loan to buy new vacation home no day at the beach

Serious delinquencies mostly unchanged in December

Number of homes in foreclosure 19.5 percent below year ago

Banks report growing demand for business, home, auto loans over winter

Homeowners who refinanced in last quarter prudently maintained or lowered loan balance

Loan activity leaps up

New standards imposed for ‘safe’ loans

Case-Shiller Index excoriated (justifiably) as flawed, unreliable

Shiller himself says investing in real estate is a fad

Yet New York pension fund to invest $157.5 in mortgage-backed securities

Prospective homeowners should prepare early with finances in order, information and plenty of patience

Tax breaks survive in 2013, but some forms aren’t ready

Location, location, etc. can come down to view, view. . .

AARP lawsuit may aid aged widow facing foreclosure instituted because of reverse mortgage terms

Best day to list a home can have 1 percent impact on price

Norwegian regulator expresses concern about record price levels, growing private debt

Selling too soon after purchase will prove to be costly

Please don’t call them merely ‘closets’

There’s more than one way to hang a shelf

When creating your own pot rack, don’t omit elbows and flanges

January always best month to buy furniture, February good for air conditioners, March for . . .

Good habits key to staying organized

If the couch won’t fit, call a specialist

Crystals can make décor but, doh, break the bank

Growing number of Americans say now is good time to sell

Vancouver listed as most expensive of 131 cities, New York climbs to 27 from 48

Builder confidence in 55+ market dips in Q4, but up from one year earlier

Concern expressed about possibility of new housing bubble

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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