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

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Weekly Roundup: Upcoming auction, Hamptons rentals, U.S. prices, trending rates, much more

Queens public administrator schedules auction of three co-ops, 12 houses from $64,000 to $1.054 million

Co-op boards have broad latitude in making, amending, rescinding house rules, however wiggy

Suburbs, particularly in Connecticut and New Jersey, see rising prices

And in the Hamptons, number of $1 million rentals — for the summer alone — approaches record

Homeowners hurt by Sandy to receive property tax reductions totaling $90 million

Uh, those folks using balconies for storage or dead house plants can opt for highest, best use

When it comes to living here, actor Richard Kind knows what he loves

Again to be newly wed, actress turned fashion mogul lists Beverly Hills estate for $8 million

Discount taken in purchase of singer’s Central Park West apartment hardly immaterial

Rap mogul Continue reading

Weekly Roundup: Skinny condominiums, celeb comings and goings, nation’s price and sales increases, continuing rate rise, investments

This has been year of pricing audaciously

City’s property records site gets update with more information

Developers specifically catering to families in West Chelsea and farther downtown

New graduates returning to New York City learning that life just isn’t fair

Zillow says it takes up to 11.9 years, depending on neighborhood, to match cost of buying with renting

Boom in luxury towers Continue reading

Weekly Roundup: Rent squeeze, U.S. price gains, rates reversal, stocks vs. housing, declining buyer regret, best inflation hedge, tomorrow’s market

‘Gatsby’ lends a whiff of luxury, glamor to buildings

With declining vacancy rate, rents in Manhattan and Brooklyn keep rising

Navigating school zones trickier as more families with young children put down roots

85-year-old man adopted 62-year-old woman of privilege for her to claim $100-a-month Queens rental

Brick Underground lists eight best site for finding a no-fee apartment

Blog on worst rentals would be funny if Continue reading

The High Road: I broke every smart broker’s rule

(Flickr photo by litherland)

I have no one to blame but myself after I took on a new buyer.

Cindy is an acquaintance who e-mailed me one Friday saying that she was toying with the idea of moving out of her nearly $4,000-a-month rental to purchase an apartment on the Upper West Side.  Could we chat sometime? she asked.

I spent a couple of hours with her the next day explaining the process to someone who had lived overseas for decades and, like any first-time buyer in Manhattan, knew little about co-ops and condos, let alone what she needed to do to buy one.

It was a good conversation, in the course of which I went on at some length about steps that Cindy hsf to take to obtain a mortgage, retain an attorney and make an offer before going to contract.

She indicated as we talked that there was some urgency to get moving because Continue reading

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

Weekly Roundup: Hamptons, celebs, new-home sales, lower interest rates, auction spat, Baby Boomers, marble stains, housing’s headwinds

Court approves of class action lawsuits by tenants claiming rent overcharges when apartments illegally deregulated

Study: Living in New York actually relative bargain for the wealthy

Hudson Yards finally on track

Regret may define things you might do within your four walls

For politicians, finding a rental apartment differs from searches the mere mortals endure

Sandy deals lingering blow to Hamptons residential prices

Upper East Side developers scramble to convert projects as luxury market rebounds

Details of navigating schools choice provided by BrickUnderground

Council hearing on Fair Cooperative Procedure Law is set for April 30

Outdoor space on ground floor is expensive, but higher up more so for good reasons

Relationships sour between landlords and tenants of Dumbo lofts in converted factories

Q1 sales in the Hamptons 29.4 percent lower than same time last year

It’s time for spring house, garden tours

Interior designer with TV show finally Continue reading