Weekly Roundup: March of rents in May, skyscraper wars, all-cash offers, inventory, continued rate increases, £2 million trailer

Manhattan rents gain substantially over year ago, two reports show, but Brooklyn’s median drops

Another report details continued upward march of rents in Manhattan and Brooklyn

Columbia think tank cites need for small city of new housing to accommodate population growth by 2040

Mayor outlines $20 billion storm protection plan one day after FEMA releases new flood maps

Then Bloomberg proposes major change in building code to enforce additional safeguards

Skyscraper wars dominate new developments

O’, the heartbreak of broken relationships among leaseholding couples

Borrowers rarely can utilize VA loan program in NYC

Outdoor flea, food market begins in Long Island City

He aces sale of of beachfront Malibu home for $13.4 million

Actress lists Hollywood Hills home for $6.399 million — without a panic room

Late mezzo-soprano’s apartment on Fifth Avenue on the market for $4.5 million

All-cash offers soar in many housing markets

Seller momentum picking up  perhaps because time on market heading down

Inventory crunch may be easing except in 90 wealthiest ZIP codes

Rates for 30-year fixed loans approach within hair of 4 percent in six-week streak of inching higher

Volume of purchase, refinance applications turns up 5 percent from prior week

Another 850,000 residential properties emerge from under water in Q1

Rising rates to squeeze pricey markets first

May foreclosures edge up but down 28 percent from one year earlier

JPMorgan cutting 1,800 more jobs in mortgage servicing unit

Subtle discrimination against blacks, Hispanics and Asians persists, HUD reports

Fed economists: Returns on investments in housing have not consistently increased

Open house tips include a look behind staging plus listening, asking lots of questions

Blackstone contends Times wrong in blaming it, other institutional investors for driving up prices

Female boomers, older women increasingly move in together to save money, form community

Trailer in Dubai has £2 million asking price, but it is sorta special for mobile living

Number of real estate licensees still nowhere near peak

Forum speakers agree housing will be biggest challenge for aging baby boomers

And elderly American who live with folks under 18 have lower life evaluations than those who do not

Trulia economist says buying cheaper than renting until rates hit 10.5 percent

It’s boom time for Web homes that enable homes search

Transaction closed a month ago, but sellers won’t move out of five-bedroom house

Related Companies first to roll out smoking ban in its buildings on nationwide scale

When it comes to window treatments, fabric quality amounts to almost everything

Just be sure those curtains are full as well

Consumer confidence about buying, selling homes climbs sharply in May

Wall Street veteran Barry Ritholtz blogs that year-to-year price appreciation attributable to fewer distressed properties, lower mortgage rates, increased purchasing power

Fastest-growing race or ethnic group consists of Asians

Economists at conference envision no bubbles as recovery continues for several years

Analyst contends rising rates create significant headwinds for potential buyers on fence

Millennials likely to force shsift in housing market

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
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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