Weekly Roundup: Sales strong, rents spike, celebs move, U.S. prices rebound, rates drop again, consumers hopeful, analysts see recovery

Strong sales mark first half of year as inventory dwindles

$7.67 billion worth of homes change hands citywide in Q2

Rents jump to highest level in two years in fifth consecutive quarterly rise

Woman accuses landlord of refusing to list her wife Continue reading

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Weekly Roundup: The Fed’s actions could lower rates

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.

BILLY’S EX STANDS TO CLEAN UP IN MORE WAYS THAN A SPIC-AND-SPAN KITCHEN

LATE MERGER MAVEN’S FIFTH AVENUE APARTMENT IS LISTED FOR $26 MILLION

SHE’S NOW GETTING HER LETTERS AT DEVONSHIRE HOUSE IN GREENWICH VILLAGE

AUTHOR OF GREED AND GLORY ON WALL STREET BUYS SECOND MULTI-MILLION-DOLLAR APARTMENT

PALIN DOPPELGANGER DISPOSES OF AN UWS STUDIO SHE USED AS AN OFFICE NEAR HER $3.4 MILLION CO-OP

NOVELIST AND PAINTER WIFE SELL GRAMERCY PARK TOWNHOUSE FOR A GREAT PRICE

ACTOR IS TREATED TO SALE OF HIS BROOKLYN TOWNHOUSE OVER THE ASKING PRICE

AND AN ACADEMY-AWARD WINNER’S MAISON BLANCHE IS FOR SALE ON THE UPPER EAST SIDE


HOME OWNERSHIP IS AT Continue reading

Out and About: Before buying, fall in love with the nabe

 

A Central Park block in the mid 90s.

An extraordinarily wise and experienced real estate professional–okay, Paul Purcell is a founder of Charles Rutenberg Realty, with which I’m affiliated–once said this to a seller whose apartment we were pricing:

You’ve got to like the apartment, but you’ve got to love the neighborhood.

Honestly, I’d never considered that criterion with quite so much emphasis.  When I think of it, however, the notion of which part of the city appeals to a buyer naturally has to come first.  (With me, it was one factor on which I have been willing to compromise, having lived in neighborhoods as diverse as Washington Heights and Gramercy Park, among several others.)

But I get it.

We all know that there are Continue reading