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


Many resources provide insights into best schools

Belmont High School wasn't all algebra and English, thank goodness. That's Julie and me cutting the cake to celebrate an occasion long forgotten. (Photo by Ron Kessler)

Real estate agents often are asked where the good schools are or whether a particular school is worthy.

Anyone who answers those questions is in danger of prosecution. That’s because giving schools information is likened to giving neighborhood information.

Under the Fair Housing Act, we’re not allowed to steer buyers toward or away from a “good” or a “bad” neighborhood because doing so amounts to racial discrimination.  Among other characteristics, discriminating by race is against the law on not only the federal level, but state and municipal levels as well.

For buyers in search of helpful information about public and private schools, other resources ensure that all is not lost. Continue reading

The Big Apple: Village townhouse is auctioned. More!


It took only three minutes, from 6:19 p.m. to 6:21 p.m., for the successful bidder to spend $6.634 million at a court-ordered auction yesterday of a Greenwich Village townhouse that had been listed at $9.95 million not long ago.

“I’m very happy with the price I paid,” said the affable bidder, 51, Continue reading