Weekly Roundup: Foreclosure auction, DOMA effects, climbing prices and rates, millennials, home offices, housing affordability and more

Have a great holiday week! No more posts until July 8.

Foreclosure auction scheduled for co-op in posh River House at end of 18-year legal battle

Metro area’s foreclosures down in April but still above national average

6.2 percent growth in construction spending expected during the year

End of DOMA produces real estate tax benefits for New Yorkers, of course others as well

Analysis of Manhattan prices, sales suggests they’re flatter than apparent in Q2

Actress sees black, not red, in sale of Greenwich Village duplex for $7.45 million

Comedian who played TV psychologist, hotel owner lists Bel Air home again at new lower price of $15.5 million

Peripatetic former Dateline anchor Continue reading

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Weekly Roundup: Basement apartments, seller’s market, plunging foreclosures, son of Lincoln’s house, trophy baths, Goldman Sach’s optimism

Manhattan luxury market unseasonably busy

Naturally occurring retirement communities populate Upper West Side

Condominium board gets TRO against Houston couple to prevent short-term stays

San Remo apartment offered for $29,750 in monthly rent went for $900 a month in 1940

Would changing rules for illegal basement apartments boost supply of affordable rentals? asks the Real Deal and Crain’s

Longtime home of Gershwin family goes on the market

Volume of property taxes kept increasing every year from 2005 to 2012

Residents of abutting buildings at war with developer of planned Fifth Avenue

Neighborhood group faults mayor’s plan for affordable housing

Fiercely competitive land prices forcing developers to build high-end condos

Sex symbol who has money troubles lists Malibu home for $7.75 million

6,800-sf TriBeCa penthouse wins undisputed approval of Brooklyn Nets star

New Jersey home was born to sell

Hip-hop star and reality spouse flip-flop Bel Air house handsomely

January numbers show 9.1 year-over-year sales growth, steady price gains so it’s a seller’s market

Supply of resale housing Continue reading

Weekly Roundup: Shortage of condos, rates down again, strong signs of U.S. recovery, ugliest house

Lottery opens for 682 affordable housing rentals in Clinton

Number of condos projected to enter market in next few years likely to fall short of demand

With supply of condos dropping steeply, prices rise strongly

Basic steps can smooth apartment sale even before listing or searching

Biggest moving decision for parents centers on schools

Fierce competition in Manhattan pushes investors to outlying areas such as Nassau County

High rents causing drain of the middle class, comptroller reports

But billionaires buying many rooms they can afford with unforgettable views

New site grades each city block based on reviews of everything from crime to school, amenities (register free)

Rents for Boerum Hill studios swell 10 percent since July, topping gains elsewhere in Brooklyn

Accepting cash offer, an Ives grandson stymies plan to turn late composer’s home into museum

Actress is stoked to sell her Village duplex for $7 million

Music mogul lists 66th-floor condo for $8.5 million

After moving to California and renting out her downtown condo, Ryan’s daughter asks $1.645 for the unit (3rd item)

Curbed rounds up the buy and sell of Law and Order cast

Real divorce has couple putting Beverly Hills estate on the market for $26 million

Resales climb, prices go up and inventory Continue reading

Allow me, for one, to sing Con Edison’s praises

As I write this post, I am listening to the sounds of hammering, chainsawing and the racket caused by cutting into the street.

It is music to my ears.

I conduct my real estate business from my home office, sitting at desk by the window that is just above the heads of passersby.  I happen to love this arrangement because I feel part of the world while being apart, enjoying the changes in the weather and the sight of tulips I helped plant in the tree boxes outside my apartment on Manhattan’s Upper West Side.

While working the other day, Continue reading