Weekly Roundup: All-cash offers, reality dust-up, high annual sales growth, no-doc loans, Newtown resiliency, worst investments, housing ‘haze’

April transaction volume in Manhattan beats year earlier by 24 percent as supply finally starts to rise

Rent board preliminarily approves annual increase of at least 3.25 percent for one-year lease

Winning offers at even lower levels more likely than ever to be all cash

State passes overhaul Continue reading

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Weekly Roundup: Starter units hot, lenders tough

Happy holidays!

Rising rents boost sales of starter apartments in first quarter

Manhattan neighborhoods vary markedly in price, sales volume

Court ruling could lead to new wave of personal-injury lawsuits for mold injuries

Dozens of developments planned in the Hudson Yards district 

Quality of life complaints — and litigation — soar in co-ops, condos

Most transaction volume is recorded for any March since 2008

Developers again invest in lobbies of residential buildings

In-house libraries prove to be low-cost amenity that please residents of new buildings

With prices nudging relative realism, Hamptons market recovering

How much do you want to see that river?

Rents uncharacteristically hold steady through winter

Latin American music ‘legend’ pays Continue reading

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

The Big Apple: Don’t try to remember September

BONUS FEVER AND DISCOUNTS HAVE THE CITY’S HOUSING MARKET IN THEIR GRIP

Since the economy melted down, bonuses have been up, down and spinning all around. Anticipation has had brokerages and developers panting one minute and totally depressed the next.

While the bonuses have had brokers and developers abuzz, another obsession has been rippling through the real estate world over the last week: discounts.

THOSE SPIFFY NEW DEVELOPMENTS LOOK GREAT, BUT BUYERS NEED TO GIVE THEM MORE THAN A ONCE-OVER

Every freshly minted building has problems that can range from buckling floors to cooling systems that sound like a Fresh Direct truck parked outside your window to leaky roofs that can cost tens of thousands of dollars to repair, observes Brick Underground.

If you are in the market to buy and this is news to you or you and your neighbors are just starting to compare punch lists, you may want to get educated on the things that can go wrong in new or converted condominiums. Defects tend to fall into seven categories, Continue reading