Brooklyn’s fast-climbing home prices make it nearly as expensive as Manhattan
Transaction volume strongest in years, even with diminished supply
Graphic demonstrates depth of Manhattan inventory
Bicycles becoming new amenity in some buildings
Permits for new residential buildings skyrocket in first quarter
In this seller’s market, every minute counts
So does the right strategy in a bidding war
(Via Inman News)
A joint study by Google and the National Association of Realtors (NAR) has found that consumers’ online experiences increasingly influence their homebuying activities activity offline.
Called “The Digital house Hunt: Consumer and market Trends in Real Estate,” the report produced the following observations, among others:
Rents rise at diminishing rate
UWS has highest absorption rate in Manhattan
Glassy condo buildings unwelcome among old money residents of UES
Free shuttle bus can be a deal maker
Those pesky brokers will write anything to set listings apart
Westchester markets enjoys strong finish
Knowing building’s rules one of seven tips for novices renting out apartments
First-time foreclosures drop to seven-year low in the city
Philanthropist’s 26-acre estate on Cape Cod private island sells for $19.5 million
Everywhere in the city, brown sandstone is a fading commodity
Good investment property must first of all be in — duh — right location
Record 33 contracts signed for luxury properties last week
To track down pre-construction bargains, start with city’s Web site, then negotiate hard
Priciest zip isn’t on the Upper East Side after all
Median price of lower-end homes swoons in the Hamptons
Agents have reasons stemming from mid 90s lawsuit for withholding square footage
Rise recorded in foreclosure, delinquency rates in metro region
Stigmatized Kennedy property in Connecticut finds buyer in week
Acting couple rid themselves of Mediterranean-style mansion in Los Angeles for $6.7 million
Moving four blocks away, funny man and wife add a room
Ex-wife of billionaire financier/philanthropist Continue reading
Renting out your apartment entails pitfalls that can be avoided by knowing them.
Once you rent out your apartment, you create a “landlord-tenant” relationship with your renter.
That relationship is governed by a set of very specific (and technical) laws enacted by New York State and New York City, notes blogger and real estate lawyer Ron Gitter, who is a friend of mine.
Those laws tend to favor your tenant, but the “Landlord-Tenant Part” of the Civil Court of New York City does offer a judicial forum, albeit not necessarily a speedy one, for resolving issues that can’t be settled by mutual agreement between the parties.
Condo owners need to consider an array of business related issues before they enter into a lease.
Firm’s analysis has New York City surging ahead of most others in many categories a decade and a half from now
Cities are regaining their previous glory, according to MicKinsey Global Insight, with New York poised to lead the pack. Continue reading
Depending on news volume, this Friday feature may not–but probably will–return before Jan. 7. Please do check back between now and then for occasional posts.
Meantime, here’s your chance to catch up with real estate developments included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out another of today’s three posts.
MAISONETTE OWNED BY LATE UPPER-CRUST FAMILY FINALLY FINDS BUYERS SLICED FROM THE SAME LOAF
AN ACTING COUPLE SLIPS AWAY IN THE CITY AFTER THEIR OFFER IS ACCEPTED
WRITER OF MONEY SPENDS A BUNCH OF IT TO BUY A BROWNSTONE IN BROOKLYN
PRIZE-WINNING IRISH NOVELIST WHO IS LOVED BY OPRAH MOVES UP IN THE WORLD
RATHER FAMOUS BARD’S HOME ON THE RANGE IS ON THE MARKET
I, on Cambodia 