Weekly Roundup: Brooklyn, inventory, bidding strategy, prices, Airbnb, interest rates, owning vs. renting, inspired renovating and much more

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

‘Hybrid’ home-seekers on the hunt

Prices in the Hamptons Continue reading


Foreigners: apartment buyers with special needs

Part 1 of 2

(Flickr photo by allie_caulfield)

The foreign buyers you read about who are purchasing super-luxury apartments that are sky-high not only in location don’t concern themselves with financing their purchases.

Nor do those whose chief interest is to park their funds in a safe place seek out lenders.  (Of course, foreign buyers may have in mind a safe haven for their funds as well as a desire to increase their investment with financing assistance.)

But for foreigners who want a modest pied-à-terre or perhaps housing for their children attending school in the U.S., a mortgage can be important.

They may be able Continue reading