Weekly Roundup: Outer boroughs vs. Manhattan, Hamptons on rebound, growing June sales and prices, eager buyers, actors aiming lower, more

This is the last Weekly Roundup until after Labor Day

Outer boroughs far outpace Manhattan in Q2 sales

‘Best and final’ offers often getting breached after seller acceptance

Ties to the city by relative handful of residents usually long and loved

Landlord spends $20,000 on private detective to bust owner renting out apartment via Airbnb

Renting apartment for grown children can be taxing

Rent regulation creates two different worlds

To say nothing of the enormous tax advantages many luxury co-ops enjoy

Home sales, prices rebound in the Hamptons in Q2

City Council erases quirk in special tax exemption for veterans

Finally acting like a grown-up, he lowers price to sell Malibu mansion for $10.2 million

Widow of opera legend sells co-op for way below $1.3 million asking price

Reducing rent by a third on renovated Brooklyn carriage house actor owns cannot be laughing matter

Actor couple unload for $9.5 million beachfront residence originally listed for $14.749 million

Selling pretty mansion in the Hamptons for less than $65 million must be actor’s great fear

Prospective buyers may want to act fast to purchase actor’s modest private home in the Hollywood Hills

June sales dip on monthly basis, rise 15.2 percent over prior year

And one take on the numbers plus a second perspective

Time on market drops to 37 days in June from 41 in May

Two indices report strong continuing price growth

Tight inventory, pent-up demand and investors supporting housing recovery

Sales of new homes solid in June, supply slips way below 2009 record high and what to make of it

Rates continue slight downward trend

Reverse mortgages can be hazardous to elderly borrowers’ financial health, potentially costly to their heirs

Some buyers pulling back because of fear of rising rates

When the bank says no, draft a rebuttal

Loan applications decrease

Guess why lots of members of Congress reluctant to eliminate second-home designation

Although increasing from May to June, loan delinquencies fall 8 percent from year to year

What to expect when you finally reach the closing table

Some buyers want everything in the kitchen sink

House flipping returns, increasing in first half by 19 percent over 2012

Financial planner says potential homeowners should heed themselves, not others, in deciding whether to keep on renting

First-time buyers being left behind as market rebounds

U.S. retirees heading south, waay south

Demolition company tears down wrong Texas house, then bills Fort Worth $6,000 for the work

New York Fed analysts say backlog of foreclosures blocks housing recovery

Average value of luxury homes in central London exceeds £2 million for first time

New IKEA catalog now online

Cats may be willing to listen, but any owner knows it’s hard to change their destructive habits

Majority of 2.4 million ‘missing’ households comprise young people who normally would be on their own

Mix of participants in housing market swinging from investors to current homeowners

One in three buyers willing to offer more than asking price and take other desperate measures

Housing bust leaves Chinese immigrants generally unscathed

Index shows remodeler confidence moving into positive territory

Experts’ views mixed on impact of rising interest rates

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 critique of properties that I visit in Out and About, which I will post on Monday.  Check here for occasional posts until after Labor Day and perhaps follow me on Twitter to stay up to date meantime.

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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

Malcolm@ServiceYouCanTrust.com
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