Weekly Roundup: Supply slips, optimism grows

What is it worth to you to get high?

Foreclosures cast a lengthening shadow over state’s housing market

Sales up, prices down in the Hamptons

Resurgence of interest in lower-priced properties may signal suburbs’ recovery

Sales of apartment buildings in 2011 exceeds 2010 by 33 percent

Developers’ eyes to drift increasingly from Manhattan to Brooklyn in search of more space

Q4 prices, supply fall in Brooklyn from 2010 level as sales and days on market grow

Institutional buildings converted to condos bow to market forces

He sees many fewer millions than originally in the sale of his Tribeca penthouse

Felonious former football star faces foreclosure on Dade county home

She sells SoHo apartment not so suddenly

Village townhouse bought by Malcolm Forbes finally finds buyer

Singer takes a bath in Hawaii

Housing inventory Continue reading

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Weekly Roundup: Rents peak, rates hit new low

Q4 prices for homes in the outer boroughs held up better than they did in Manhattan

Of 6 neighborhoods celebrated by the Historic District Council, 1 is in Manhattan

Foreclosure filings grew 28 percent from 2010 to 2011, but foreclosures dropped to 7-year low

State investigating whether big banks fraudulently steer borrowers to expensive insurance

Reaching median of $3,145 monthly, rents in Q4 up to 2006 level

Consumers should weigh impact of maintenance fees and common charges

Tiger’s former wife bugged by $12 million mansion, so it’s gone

He bonds with $11.5 million SoHo penthouse

Who wants to be a m– mansion seller?

Cooper purchases $1.7 million property next door to his Hamptons retreat

Rosy index of ‘improving’ markets somehow posts Continue reading

The Big Apple: Rent market hot, otherwise warm

Manhattan condo prices have yet to recover fully

From its peak in December 2008 to its trough in May 2009, the RPX Manhattan Condominium price declined 24 percent, according to Radar Logic.

Since then, it has regained only about half of the value it lost during the crash.

As of March 31, the RPX Manhattan condominium price was $1,017.10 per square foot, which is 16 percent above its cyclical trough of $923.24, but still 12 percent below its all-time peak of $1,212.83.

Sales activity also remains well below pre-crisis levels.  Activity during March 2011 was 18 percent lower than it was during March 2008, before the national housing crisis took hold of the Manhattan market.

Although the rate of sales increased robustly during 2009, its recovery has faltered since, with the transaction count declining 3 percent over the last year.  There has been a clear shift in the concentration of sales from smaller to larger units over the last year.

Buyers are still out there and having offers accepted

Buyers continue to step up and sign deals for Manhattan property at a very strong pace, according to a new post by Noah Rosenblatt of UrbanDigs.

Finding in his excellent data Continue reading