Weekly Roundup: Hamptons, celebs, new-home sales, lower interest rates, auction spat, Baby Boomers, marble stains, housing’s headwinds

Court approves of class action lawsuits by tenants claiming rent overcharges when apartments illegally deregulated

Study: Living in New York actually relative bargain for the wealthy

Hudson Yards finally on track

Regret may define things you might do within your four walls

For politicians, finding a rental apartment differs from searches the mere mortals endure

Sandy deals lingering blow to Hamptons residential prices

Upper East Side developers scramble to convert projects as luxury market rebounds

Details of navigating schools choice provided by BrickUnderground

Council hearing on Fair Cooperative Procedure Law is set for April 30

Outdoor space on ground floor is expensive, but higher up more so for good reasons

Relationships sour between landlords and tenants of Dumbo lofts in converted factories

Q1 sales in the Hamptons 29.4 percent lower than same time last year

It’s time for spring house, garden tours

Interior designer with TV show finally lists smaller of two NYC properties

Not down in Malibu, he’s moving out of one house and into another on adjoining site

Actor couple lands four-story West Village home

Master of all he surveys extends to house next door after $1.4 million purchase

New-home sales up 18.5 percent over year ago, top February by 1.5 percent

Resale volume slips from February to March, bests years earlier as prices gain despite limited inventory

Housing market moderates to steadier pace, says Zillow

Rates continue to edge down, with several loan types at record lows

Zombies haunt foreclosure territory

Equity lines of credit, second mortgages making comeback

‘Alarming rate’ of homeowners defaulting after receipt of permanent loan modification

Purchase activity attains highest level since May 2010

Downpayment rules at heart of mortgage debate

Private mortgages come in several forms for savvy investors

Number of late-paying borrowers drops below 5 million for first time since 2008

It’s some sellers who pick buyers’ lenders to maximize loan approvals

Are two loans cheaper than one?

Land fever preceded housing bubbles, Shiller notes

Manufacturers of building materials raising prices dramatically and you can guess what’s next

One auction house sues another in federal court on accusation of sham bidding

Former Goldman executive raises fund to buy single-family houses for rentals, joining private-equity giants

Housing market in Paris suffers from high taxes, unemployment, buyer-seller disconnect

Downsizing tempts Baby Boomers

Outpacing job growth, surge in construction leaves D.C. with glut of properties

What it costs to buy, sell, live in four of world’s prime real estate capitals

Ritz-Carlton in downtown LA attracts sports pros, other luminaries, hard-core fans

‘Sexy’ renovations suck as gourmet kitchen rarely recoup construction costs upon homes’ resale

Spending on home improvement expected to grow

Interview three references as first step before hiring contractor

Mirrors still one of the simplest,most effective ways to enhance interior architecture

Measuring is one six things to do before a move

DIY techniques can remove stains, scratches from marble

First comes love, then comes home purchase and only then comes marriage in increasing numbers

Single women, too, emerge as growing group of homeowners

Demand for architect services builds in March

Most respondents in survey says renting viable path to achieving version of American Dream

And balance shifts dramatically between tenants and owner occupants of single-family homes

Index of Realtors’ confidence climbs in March

Fannie economist says housing’s recovery faces serious headwinds

Financial Times article reports new legal status of immigrants could produce $100 billion in new mortgages

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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