Weekly Roundup: Basement apartments, seller’s market, plunging foreclosures, son of Lincoln’s house, trophy baths, Goldman Sach’s optimism

Manhattan luxury market unseasonably busy

Naturally occurring retirement communities populate Upper West Side

Condominium board gets TRO against Houston couple to prevent short-term stays

San Remo apartment offered for $29,750 in monthly rent went for $900 a month in 1940

Would changing rules for illegal basement apartments boost supply of affordable rentals? asks the Real Deal and Crain’s

Longtime home of Gershwin family goes on the market

Volume of property taxes kept increasing every year from 2005 to 2012

Residents of abutting buildings at war with developer of planned Fifth Avenue

Neighborhood group faults mayor’s plan for affordable housing

Fiercely competitive land prices forcing developers to build high-end condos

Sex symbol who has money troubles lists Malibu home for $7.75 million

6,800-sf TriBeCa penthouse wins undisputed approval of Brooklyn Nets star

New Jersey home was born to sell

Hip-hop star and reality spouse flip-flop Bel Air house handsomely

January numbers show 9.1 year-over-year sales growth, steady price gains so it’s a seller’s market

Supply of resale housing grows sluggishly

Price difference narrowing between a home’s foreclosed and original market value

Housing starts top January last year by 23.6 percent

With relatively stable prices, slight gain in affordability recorded in last quarter

Federal government investigating complaints of discrimination against women on maternity leave

Cost of interest deduction tens of billions of dollars higher than previously believed

Only with clear proof of assets, good credit can borrower obtain loan without income verification

Loan activity slows

Report by builders’ group unsurprisingly calls for appraisal reform

Rates inch up to 3.56 percent for 30-year-fixed loan

Rising prices shrink ranks of underwater borrowers, but their precise number is elusive

Delinquency, foreclosure rates down sharply at end of 2012 and where they are headed

Increasing number of super-wealthy sellers avoid listing homes publicly

Undisclosed buyer purchases historic D.C. house once owned by Lincoln son for $7.6 million

Number of real estate agents way below 2007 peak

Foreign firms join U.S. investors aggressively buying houses at discount prices to rent them out

Academic paper details extent of misrepresentation in sale of mortgage-backed securities

Eight ‘stupid’ real estate mistakes can destroy an investor’s business

Growing number of homeowners hearing from Hollywood

Growing greener can be simple undertaking that saves money

Using home office productively depends on making many choices correctly

Trophy bathrooms value toilets, tubs beyond mere function

Tricked out kitchen islands now the main event

3-D printers could be the next must-have home device

Companies in survey say Russia overtaking Europe as desirable destination for real estate investment

Builder confidence dips in February

Residential remodeling index down 6 percent in December

Architecture billings reach highest level since 2007

By 3-1 margin, Americans expect housing market to improve over next 12 months

Goldman Sachs forecasts increasing home sales for four years, up 5.2 percent in 2013

‘It’s tough to make predictions, especially about the future’

Rent growth expected to decelerate in top market ahead of new supply wave

Fannie Mae: Housing on ‘sustained growth path’

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

Web site

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