With inventory tight and prices climbing, sales of new condos plunge
Recent law change could make maintenance-free apartments less rare
New Yorker magazine lets you click on subway stops to gauge wealth
Beachfront homeowners in Southampton building ramparts against storms
No, says New York magazine, it’s not a bubble again
Obama slept here, and so can you for $2,400 a month
Median price of new condos up 15.4 percent from year ago, inventory down 19.1 percent
Q2 prices in Brooklyn, Queens edge up as inventory plunges
With prices falling in the Hamptons, sales pick up
Boards only set policies and six other surprises that rookie members may confront
New rental units in the city undergoing shrinkage
New handful of properties set to come on market at $90 million or more
Retired detective names safest, riskiest units in apartment building
Sales volume, property values remain well below peak levels, says NYU’s Furman Center
Number of residential building permits skyrockets, especially in Manhattan
It’s oh so hard to snag a reasonably priced rental
Pending sales, inventory sag over last three months
Owners subletting illegally may want to note shoes of prospective tenant
Lawsuits mount against accused rabbi
If you’re searching for a bargain, look no more
When negotiating with a developer, be smart about asking for concessions
Now tenants can rent off floorplans in unfinished buildings
If you’re bedbugged, check a 11 ways to judge an exterminator
Obsessive Dorothy Parker enthusiast fights to save her childhood home from demolition
Interactive database lets renters and buyers track nearly all privately held subsidized housing
Developers do their thing on a stretch of Fifth Avenue dubbed ‘Upper Carnegie Hill’
Change is good: Weekly Roundup, which I will continue to post on Fridays, will now be combined with a shorter (and admittedly less work-intensive) version of The Big Apple. I hope you like the results.
Developers are beginning to build smaller
And condo conversions are coming back
By the sea, by the beautiful sea sees rising. . . interest
Lower Manhattan becomes one of city’s fastest-growing residential sections
Fed’s Beige Book finds continued ‘sluggish’ residential construction and sales in tri-state region
NYU launches subsidized housing information project with information on 235,000 rental units
Appraiser assesses impact on housing market of two memorable events
Region’s foreclosure rates continue to rise, exceeding the nation’s
Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out the other of today’s posts and look for Out and About early next week.
She’s playing doubles for real in Tiffany’s onetime building
Publisher finds UWS apartment that fits all his needs
Broadcaster shuns West End Avenue and brother’s mansion upstate
Wank– uh, WEIner pulls– uh, yanks— uh, jerks. . . Oh hell: he takes co-op off the market
Home on Connecticut pond is for sale, and weight-loss guru slims down her asking price
Inman News cites 10 best markets for real estate investors
Close look reveals that prices are stabilizing, says Barclays analyst
Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out another of today’s three posts.
SUTTON PLACE DUPLEX IN WHICH LATE MAGAZINE MAGNATE LIVED FINALLY SELLS FOR $7 MILLION
HER SEX IN THE CITY WILL CENTER ON CENTRAL PARK WEST WHEN HER HUSBAND TAKES TIME OFF
ACTOR’S NEWLY LISTED PENTHOUSE IS PRESUMED EXPENSIVE
Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out another of today’s three posts.
AN EMMY WINNER LISTS HER HOME IN SOUTHBURY, CONN.
CONGRESSWOMAN’S HOUSE, TWICE IN DEFAULT, NOW IS LISTED AS A SHORT SALE
ACTRESS PICKS UP A PRETTY FINE PENTHOUSE
BROKER DISPELS RUMORS THAT BUYER OF TRUSTED MAN’S SUMMER HOME LOOKS LIKE LADY GAGA
FED OFFICIAL SAYS IMPEDIMENTS TO HOME SALES Continue reading
The Federal Reserve Board’s latest “Beige Book” says nearly all of the institution’s districts found that their housing markets were pretty much weakening, or expected to weaken, after the expiration of the homebuyer tax credit.
Here’s what the book, which is based largely on anecdotal information from regional experts, said in toto about housing:
Nearly all Districts reported sluggish housing markets in the months since the homebuyer tax credit expired on April 30.
While some Districts, such as Boston and St. Louis, reported an increase in May and June home sales on a year-over-year basis, some contacts noted that these sales may reflect closings of homes under contract by the April tax credit deadline.
The Boston, Philadelphia, Atlanta, and Kansas City Districts reported that home sales are expected to weaken going forward.
Residential construction remained limited in several Districts. In the Atlanta District, residential construction activity softened from already weak levels. Homebuilders in the Cleveland District do not expect a turnaround in new home construction any time this year. Builders in the Chicago District are not introducing new inventory without a signed contract on a home. Housing starts were expected to decline for the second half of the year in the Dallas District and to increase slightly over the next three months in the Kansas City District.
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
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