Existing-home sales

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Roundup of news about the Big Apple and beyond

NEWLY COMPILED DATA LETS YOU COMPARE MAINTENANCE FEES AND MORE IN DIFFERENT NEIGHBORHOODS

CONDOMINIUM TAKES ON SENIORS AND LEARNS A LESSON

WHAT DO STEEP PARK AVENUE DISCOUNTS MEAN FOR THE LUXURY MARKET, TROPHY HOMES?

BROOKLYN WOMAN DIES, MAN STEALS HER BUILDINGS, SO MAN HEADS UP RIVER TO NEW RESIDENCE FOR A LONG, LONG TIME

UNWANTED TENANTS COLLECT $1.3 MILLION AND MORE TO LEAVE CENTRAL PARK SOUTH BUILDING

ZECKENDORF TOWERS DEMONSTRATES HOW A GREEN A ROOF CAN BE

LATE PHILANTHROPIST’S APARTMENT SELLS AT A STEEP DISCOUNT

SELLER DRAGS IN Continue reading →

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Weekly Roundup: Too much inventory persists

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.

PRESS MAGNATE’S EX FINALLY GETS TO SIGN ON THE BOTTOM LINE

IRISHMAN, TRAVELER, KNIGHT RIDER, HE IS READY TO TAKE A BEATING ON HIS RANCH

AFTER MUCH SEARCHING, HE DOESN’T NIX A $37,500 A MONTH RENTAL

MRS. G GOES TO WASHINGTON, CUTTING PRICE OF HER FAMILY HOME

RETIRED ATHLETE STRIKES OUT ON HIS FIRST ATTEMPT TO UNLOAD HOME



SALES RISE OF PREVIOUSLY OWNED HOMES, BUT Continue reading →

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Okay, New Yorkers, let’s all take a deep breath

Flickr photo by palisade 14

With the news this week of plunging home sales across the country, doom and gloom has enveloped almost everyone I know.  Stock prices dropped impressively, and the New York Times led the paper yesterday to report on mounting anxiety related to the impact of the latest housing statistics.

To be sure, I recently took a dim view (which I retain) about the chances of a housing recovery in the Big Apple, but Josh Barbanel, whom I know and much respect, injected welcome perspective in an article he wrote yesterday in the Wall Street Journal.  The headline said it all: Continue reading →

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Sales of previously owned homes top forecasts

The National Association of Realtors reports that existing-home sales in the U.S. climbed 7.6% in April above March’s level.

Economists surveyed by Dow Jones Newswires expected sales last month to climb 4.7%, to a rate of 5.60 million.

The increase was 22.8 percent over one year earlier.

At the same time, inventory rose to 8.4 months at the current sales pace from 8.1 months in March.

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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
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