Weekly Roundup: New NYC stats, land paradox, easing rates, Fair Housing, search tool. . . more

All-cash dream can become all-consuming nightmare

WNYC investigation: System of appointing foreclosure referees operated with little oversight, rife with irregularities, dominated by political insiders

Signed contracts for $10 million-plus residential properties in Manhattan double the same time last year

Narrowest house, where Edna St. Vincent Millay lived, finds buyer at last

Rent board approves maximum increases  roughly double last year’s for stabilized apartments

Finding Hollywood home addresses of celebrities fast and easy

Grammy-winning saxophonist tries again to sell UWS townhouse, this time for $12 million

Comedic former TV talker sells Miami hacienda way below original ask of $20 million

Couple could be sleepless Continue reading

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My own aunt ignores my advice about selling

Old Town Hall, Boca Raton (flickr photo by StevenM_61)

My 79-year-old aunt became a widow last year and put her home in Florida on the market with the idea of moving to a much smaller place and probably giving up her condo in the Boston area later on.

We happened to speak four days after it was listed for $884,000 at the end of December.  There was one buyer who visited the house in that short interval.  He professed interest, but my aunt is smart enough to have conceded that his interest likely will be fleeting.

The buying season was getting under way, she noted, correctly pointing out that it was too early to draw any conclusions about her prospects.

“The broker wanted to price it lower,” she told me with some reluctance.

“For how much?” I naturally asked.

There was a pause before she answered: Continue reading

Weekly Roundup: Rates near bottom, wealthy foreigners buoy market, steam showers are hot

We top another list, not that there’s anything good about that

A plague of boarded-up buildings visits East Harlem, which brims with new condos as well

How do co-op, condo monthly costs compare?

There are 14 ways for a co-op board to reject you even before an interview

With your truly horrible story about renting, Curbed could pay your rent for a month

Global buyers of super-luxury residences show us the money

Among the 10 most expensive distressed properties in the Hamptons is one listed at $9.45 million

Manhattan jury convicts 70-year-old lawyer of bank fraud, money laundering in scheme involving Westchester real estate

In housing court, Faye’s a no-say and must pay with no delay

October’s 2.8 percent decrease marks 13th straight month of lower prices from year to year

They’re buying high and selling much higher in Beverly Hills

First-timers seem undeterred by housing market’s vagaries, lenders’ strictures

Single mothers Continue reading

Weekly Roundup: Look for silver lining. More!

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.

Connecticut palace doesn’t suit owner of just a year

Late at night, he should encounter little traffic on the way to his new Hamptons home

Sale price of his duplex was good but not the greatest

Late director’s home in Pacific Palisades is on the market for $7.9 million

Year over year resales fall again, inventory climbs

What to make of those new existing-home sales anyway?

Shadow inventory continues to decline, remaining at five months’ supply

Prices for houses under Fannie and Freddie ceilings rose unexpectedly in April

Sales of new homes in May drift down again

Radar Logic index posts 5.1 percent decline in April from one year earlier



Well Fargo to halt reverse mortgages

Think twice before Continue reading

Weekly Roundup: Charlie’s new angle. More!

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.

If you yearn for a Chagall, his onetime apartment is for sale

How do you spell h-i-t for a seller who sticks to asking price in Los Angeles?

Charlie’s angles include a second-home sale

Retired reliever, cultural misfit, radio sidewalk feed appetite for RE gossip

May home construction rises above April but slumps below one year earlier

Data show more homes listed in May, then Continue reading

Weekly Roundup: Rates bottom, but 2nd dip seen

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.

Handyman’s special condo goes on the market after just two years

Buyer gets a pound of metal in purchase of actor’s penthouse on Riverside Drive

Price of her childhood home, damaged by a fire, is materially lower than last sale

Comic actor moves to New Jersey for biggest yard

He won’t be living in brother’s unused Florida home or anywhere else

In new 5,000-sf home, he’ll have plenty of room for his friends

If at first. . . actor and boxing figure decide separately

Valuation firm finds that housing’s double dip is clearly Continue reading