Weekly Roundup: March of rents in May, skyscraper wars, all-cash offers, inventory, continued rate increases, £2 million trailer

Manhattan rents gain substantially over year ago, two reports show, but Brooklyn’s median drops

Another report details continued upward march of rents in Manhattan and Brooklyn

Columbia think tank cites need for small city of new housing to accommodate population growth by 2040

Mayor outlines $20 billion storm protection plan one day after FEMA releases new flood maps

Then Bloomberg proposes major change in building code to enforce additional safeguards

Skyscraper wars dominate new developments

O’, the heartbreak of broken relationships among leaseholding couples

Borrowers rarely can utilize VA loan program in NYC

Outdoor flea, food market begins in Long Island City

He aces sale of of beachfront Malibu home for Continue reading

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Weekly Roundup: Renters, new market stats, dropping loan rates, foreclosure purchase risks, credit misconceptions, kitchen trends, and more

Renters don’t stay put for long in the financial district

New York magazine explores world of platonic urban cohabitation i.e. roommates

Housing signals mixed in metro region

Four things to bear in mind when buying an apartment for your kids

19 percent more building permits issued in 2012 than in prior year

Committee ranks Upper East Side tops for kids, Bay Ridge beats all other Brooklyn neighborhoods

Request for proposals to redevelop Lower East Side sites signals end of bitter renewal squabbling

Foreclosures in region higher in December than a year earlier

Estate in the Hollywood Hills finds friendly buyer but at greatly reduced price

Legendary rocker Continue reading

Weekly Roundup: Reports reveal strong sales, weak supply in Manhattan despite increasingly tough standards for borrowers everywhere

Inventory plunges to seven-year low in Q3, sales strong, prices little changed

Streeteasy finds decline in price cuts, time on market compared with same quarter in 2011

Penthouse owner sues board president on claim she sabotaged $27.5 million co-op sale as revenge for rejected lowball offer

Managing agents say residential building in better shape than years ago, but watching pennies

Enduring family feud, Charles Rutenberg Realty has progressive business model making it Manhattan’s 6th largest brokerage

Life as a 20-percenter isn’t a bed of roses, resident of mixed-income building confesses

Landmarks subcommittee blesses expansion of Upper West Side historic district, clearing way for Council approval

Who will be able to claim credit for 95-story Park Avenue tower soon to be constructed?

Pundit frustrated by cable-TV news sells TriBeCa loft above $1.32 million asking price

Actor trades outer space for outside space in $2.5 million purchase of Park Slope duplex

Aerobic exercise fanatic Continue reading

There is only one right time to buy a new home

See you next week.  Enjoy the holiday weekend!

One of my favorite posts.

In an uncertain market, the question on every buyer’s mind is whether it is the right time to get off the fence.

One buyer recently answered that question in an e-mail quoted by the Observer. His response is worth noting in part because of the credentials that he and his wife possess.

Robert Frank is the wealth reporter for the Wall Street Journal and author of the best-selling book, Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich. His wife is Rebecca Patterson, global head of foreign exchange at JPMorgan Private Bank.

Smart people, right? They recently spent Continue reading

There is only one right time to buy

The Frank/Patterson's new penthouse apartment with huge skylights.

In an uncertain market, the question on every buyer’s mind is whether it is the right time to get off the fence.

One buyer recently answered that question in an e-mail quoted by the Observer.  His response is worth noting in part because of the credentials that he and his wife possess.

Robert Frank is the wealth reporter for the Wall Street Journal and author of the best-selling book, Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich.  His wife is Rebecca Patterson,  global head of foreign exchange at JPMorgan Private Bank.

Smart people, right? They recently spent $4.2 million on a penthouse loft at 73 Fifth Avenue.  Here’s why Continue reading