Weekly Roundup: NYC condos, U.S. inventory, all-time low rates, Airbnb, pet furniture, most diverse metros, housing forecasts and much more

Brownstones increasingly go mod

Number of new listings of new condos turns up in Manhattan along with prices there and in Brooklyn, Queens

Causing 15 percent increase in materials and monopolizing workers, Sandy raises construction costs

Buyers of lower Manhattan apartments so far unmoved by storm

Rents continue to climb as vacancies reach 32-month high, and biggest October increases hit smaller units

Report suggests that multiple bids for renovations may encourage homeowners to overpay

And don’t expect financing for renovations to be a breeze

Five brokers investigated on complaints that they demanded extra fees from HIV renters

Region remains least-affordable major housing market in nation

Foreclosure filings surge in metro area, more than anywhere else

With her Georgia home foreclosed, she has reason to sing the blues

Media mogul pays record $54 million Continue reading

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Weekly Roundup: The Big Apple and Beyond

This holiday-weekend combined post is your chance to catch up with news included to inform, enlighten and perhaps even entertain you.  You’ll find Out and About early next week and additional posts every day except President’s Day as usual.

COMMON DISPUTE ABOUT SQUARE FOOTAGE MAKES RARE COURT APPEARANCE

Four years ago, Rishi Bhandari and his fiancée put down a deposit on a condo in Downtown Brooklyn. The price was $795,000, for a two-bedroom two-bathroom apartment, reports the New York Times.

But just before they were to close, Continue reading

Mortgage applications continue an upward trend

The Mortgage Bankers Association (MBA) said today that mortgage loan application volume increased 1.3 percent lasts week on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the gain was 1.4 percent.

Refinancing activity also rose, by 1.3 percent, and purchase volume grew by 1.5 percent.  It was the third consecutive weekly increase for purchase applications. Continue reading

Volume of mortgage applications is tepid

The Mortgage Bankers Association (MBA)reported today that loan application volume slumped 1.2 percent on a seasonally adjusted basis the week of Feb. 5 from one week earlier.   Unadjusted, activity increased 0.6 percent.

Refinancing applications went up 1.4 percent and purchases fell 7.0 percent seasonally adjusted.  Unadjusted purchase volume decreased 1.1 percent; it was 7.5 percent lower than the same week one year ago.

The refinance share of mortgage activity grew to 69.7 percent of total applications from 69.2 percent the previous week, and the adjustable-rate mortgage (ARM) share was unchanged at 4.5 percent.

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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

M: 347-886-0248
F: 347-438-3201

Malcolm@ServiceYouCanTrust.com
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