Weekly Roundup: Sales volume, borrowing sag

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.

Actor is lookin’ at selling his townhouse in Greenwich Village

His Honor adds to collection, picking up a notable Southampton estate for a rumored $20 million

Magically, three young actors invest £24.5 collectively on luxury properties

It’s loss actually for actor-singer

All-cash buyers propel resales, but volume remains slack

Number declines of homes listed for sale in June

Growth recorded in Continue reading

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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

Builders are really, really glum, but permits rise

Figures from NAHB of its index of builder confidence.

This graph from CalculatedRiskBlog.com says it all.

Do you want the good news or the bad news first?

The good news is that reduced confidence leads to reduced inventory, and Lord Keynes was right about the correlation between supply and demand.

Additional good news comes from HUD, which documents promising increases in housing starts and permit issuance.

The bad news is that decreased building means fewer jobs and a sluggish economic recovery. Continue reading

Single-family housing starts continue to climb

Production and permitting of new single-family homes continued on an upward trajectory in July, according to newly reported numbers from the U.S. Commerce Department today.

But substantial declines on the multifamily side dragged down the overall numbers, with combined single- and multifamily starts down 1 percent and permits off by 1.8 percent. Continue reading