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: 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

90% of consumers hunt for new home digitally

(Via Inman News)

A joint study by Google and the National Association of Realtors (NAR) has found that consumers’ online experiences increasingly influence their homebuying activities activity offline.

Called “The Digital house Hunt: Consumer and market Trends in Real Estate,” the report produced the following observations, among others:

  • 90 percent of  buyers searched online when looking for a new home;
  • Real estate related searches on Google have grown Continue reading

Agents reveal the qualities to seek in your broker

The National Association of Realtors (NAR), a membership organization of brokers and agents that has little presence here, wants you to know how to select the right person to sell your home or represent you as a buyer.

On its Web site, the NAR headlines its advice with the hardly surprising admonition to “Hire a Real Estate Agent with the Power to Succeed.”  Undermining its credibility, the organization then predictably continues:

It’s the best time to buy a home in years, but the worst time to move without a professional on the payroll.

Despite its unsurprising beginning, which I suspect rarely changes, the site does, in fact, go on to provide some useful counsel from agents themselves, to wit: Continue reading

Realtors’ group makes surprising admissions

Ron Phipps

Not everyone should own a home?

Lenders need to have strict standards?

House prices can go down as well as up?

These are not the usual positions of an organization that describes its “core mission” as Continue reading

Appraiser: It’s very hard to judge property values

HAVE A SAFE AND HAPPY HOLIDAY WEEK!

In a dense but revealing blog post of the National Association of Realtors (NAR), Jerome Nagy writes about the difficulty of establishing the value of a property in today’s market.

It is, he says, a common misconception that the price on which a seller and buyer agree is the value of an apartment, townhouse or single-family dwelling.  He declares:

It has always been a challenge for appraisers to identify value and support their opinions of market trends where neighborhood prices are in a state of flux. Today, this challenge is more widespread than perhaps any other time in history as neighborhoods and markets that were previously declining are now stable if not recovering.

Difficulties arise when a market “bounces,” Nagy writes in his NAR blog post, going on to say that it can be impossible to Continue reading

Weekly Roundup: Latest stats leave future murky

Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out the other of today’s posts and look for Out and About early next week.

ONETIME CLUB IMPRESARIO WHO’S NOW INTO HOTELS UNLOADS 3,900-SF CONDO FOR $11 MILLION

TIGER’S TIGER BURNING. . . HOPEFULLY

RENTAL FIT FOR A PRINCESS GETS ONE (2nd item)

SHE’S GOTTA LOVE HIS TOWNHOUSE AT $27,000 A MONTH

HE TOPS LIMIT MORE THAN A YEAR EARLIER FOR THE SALE PRICE OF A MANHATTAN CO-OP

VIOLINIST SAYS HE EITHER PLAYS ONE THING OR SLEEPS IN ANOTHER, NOW IN A NEW PLACE

BECAUSE HIS ESTATE HASN’T SOLD, DANCER/ACTOR ACKNOWLEDGES THE LIKELY NEED TO TAKE STEPS (2nd item)

CASE-SHILLER REPORTS THAT Continue reading