Weekly Roundup: Wallstreeters retreat, actor is defiant, affordability spreads, predictions vary

Financial services sector is producing fewer buyers and renters

Some neighborhoods are much tighter than others

Not much relief anticipated for renters in tough market

You have options for a neighbor who drives you nuts

Foreclosures fall citywide, despite more co-ops for 4th straight month

Long Island City way past the tipping point

Grammy winner and wife buy Greenwich Village penthouse

Presidential relationship hardly helps sale of former Avedon townhouse

Actor makes no friends Continue reading

Weekly Roundup: U.S. stats sadden economists, Big Apple market seems stable, so much more!

Sales of luxury apartments buoy Manhattan market, suggesting Q3 reports will document ‘remarkable stability’

Before suing your co-op, it pays to get the facts right

Rents edge up again this month

But at least now you can find no-fee apartments on a cool map

Or check out a cool statistical infographic on our ‘city of renters’

Unless you have $1,600 to spare, think twice about renting out your apartment for less than a month

Seven tips for finding a great general contractor merit a look

Downtown Manhattan loft market is up a bit over 2007, the strongest full year in Manhattan residential real estate history, says broker/blogger Sandy Mattingly

In fraught market, buyers are still buying. . . with frayed nerves

The verdict is in: Only the most innocent buyers would fail to hire a lawyer for their purchase of property

Long Island mansion finally sells after high-profile owner hacks price

If he really collects 50% more than he paid in 2009 for his newly listed condo, this guy will be the stuff of legends

Still out of England, comedian Continue reading

Weekly Roundup: Look for silver lining. More!

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.

Connecticut palace doesn’t suit owner of just a year

Late at night, he should encounter little traffic on the way to his new Hamptons home

Sale price of his duplex was good but not the greatest

Late director’s home in Pacific Palisades is on the market for $7.9 million

Year over year resales fall again, inventory climbs

What to make of those new existing-home sales anyway?

Shadow inventory continues to decline, remaining at five months’ supply

Prices for houses under Fannie and Freddie ceilings rose unexpectedly in April

Sales of new homes in May drift down again

Radar Logic index posts 5.1 percent decline in April from one year earlier



Well Fargo to halt reverse mortgages

Think twice before Continue reading

The Big Apple: Area prices hold up pretty well

Hitting nine-year lows, prices of single-family homes in the region have held up better than elsewhere

Home prices in the New York area have hit their lowest level since the depths of the real estate downturn in mid-2009 and are now back to the averages of nine years ago, according to the latest data.

Since topping out in June 2006, home values in the metropolitan area have slid by more than 24 percent, according to the Standard & Poor’s Case-Shiller Home Price Index, which tracks the price of single-family homes.

Over the past year, through the end of March, prices continued to drop, falling 3.4 percent as weakness reentered the market in the wake of the expiration of the homebuyers’ tax credit.

“New York is still one of the healthier markets in the nation,” commented Maureen Maitland, who tracks housing for Standard & Poor’s. “The market is fairly compact, and there’s not much overbuilding, so the homes have retained some of their value.”

Summer rental market has begun, so rents are climbing in Manhattan

Rents for Manhattan apartments rose an average of 0.68 percent in May, according to the latest report from MNS, formerly the Real Estate Group of New York (TREGNY).

For doorman units, the increase was Continue reading

The Big Apple: Years of inventory? Much more!

Eight to 17 years is an S&P projection for clearing shadow inventory in the five boroughs

It will take more than a decade to clear up all the shadow inventory in the residential real estate market in New York state, according to new report released by Standard & Poor’s Ratings Services.

That is more than three times longer than it will take the rest of the nation, a difference that the report largely attributes to the greater time it takes to foreclose on a property in New York.

According to the report, shadow inventory in Brooklyn will take the longest to unwind at more than 17 years. Bronx was close behind at 16.5 years, and Staten Island recorded 12 years. Manhattan fared the best, coming in at a little more than eight years.

Unlisted Upper East Side home finds buyer for. . . $47 million

A grand East Side townhouse that has been quietly shopped by its owners for three years is under contract for more than $47 million, further evidence that the top-end of the Manhattan market is soaring.

The 33-foot-wide townhouse on East 69th Street once belonged to Continue reading

Weekly Roundup: Cautious pessimism prevails

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.

Why did the comedian cross the park?

Some celebrities are the biggest losers

Austin is his new vantage point

Number of sales of new homes plunges to record low in February

Cities with inventory growth outnumber those with flat or falling supply

There are no birds Continue reading

Weekly Roundup: Rates rather stable. Much more!

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.

RUTH FORD’S BUTLER BENEFICIARY CLEANS UP

PINK TOWNHOUSE WHERE NINA LIVED WITH MOM AND ARTISTIC DAD IS ON THE MARKET

LATE MAGAZINE MAGNATE’S TOWNHOUSE IS LISTED FOR $15.3 MILLION

HOME VALUES FALLING IN MANY REGIONS AT ACCELERATED RATES, ACCORDING TO JOURNAL ANALYSIS

SHADOW INVENTORY CONTINUES TO FALL, BUT AT A PROGRESSIVELY SLOWER RATE

CLEAR CAPITAL REPORTS THAT PRICES IN Q4 WERE DOWN BUT UP

CONSUMERS’ INTEREST IN Continue reading