Weekly Roundup: Wily boards, condo prices, housing starts, FICO scores, pocket listings, ghosts, recovery consensus and much more

Those co-op boards are at it again — and again — even against their own

Feng shui consultant busy in Manhattan

Owners of highest-end apartments pay far smaller percentage of units’ sales value in taxes than others do

New condos post 16.7 percent price rise over a year ago

For first time, a New York neighborhood climbs to top of Forbes list of most expensive zip codes

Brooklyn, Queens inventory lowest in four years, but luxury market in those boroughs relatively healthy

Commercial real estate sector poised for 2013 recovery, moving up to second-best city for investment

Twilight co-star purchases Los Feliz house for Continue reading

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Suburbs aren’t, and won’t be, what they were

Welcome home–not so much! (Flickr photo by Pierre Metivier)

When it comes to the suburbs and especially the exurbs, look back to the cities.  Consider these facts:

  • Three quarters of recent college graduates and young professionals say they plan to live in an urban core even if it costs them more money than elsewhere and their living space is smaller;
  • Baby Boomers are listing their suburban homes to live near urban amenities;
  • Household size continues to diminish along with household formation;
  • The housing crisis has caused plunging building permits, undeveloped subdivisions and price increases that lag the cities;
  • The flagging economy has pushed up unemployment rates and poverty in the exurbs;
  • Real estate investors have no interest in suburban office parks and commercial real estate in more distant suburbs.

Those are not my observations, but Continue reading

Weekly Roundup: Inventory shrinks, rates steady, renters outspend owners, landlords thrilled

Upper West Side zip code is second only to Las Vegas in federal tax liens–again

Scientifically suspect survey by biased group finds 74 percent of brokers expecting Q4 to be better than Q3

Schools snap up at land at a heady pace

Luxury rental building at Broadway and 77th Street to contain 181 units

Construction industry loses jobs in September as the real estate sector gains

You can make an appraiser’s life–and yours–easier by preparing for inspection

Auction set for condo in which Credit Suisse broker endured house arrest overlooking Madison Square Park

Did you miss purchasing one of the 10 Manhattan’s properties with lowest price per square foot?

Pricier Hamptons homes enjoy rebound in sales, in part thanks to foreign buyers

Biggest income inequality occurs in Morningside Heights-Hamilton Heights, lowest is in Bellerose-Rosedale in Queens

Scant respite seen for renters in latest report

Purchasing a new condo can have its drawbacks

It took a while, but Continue reading

Weekly Roundup: Best and worst cities are listed

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 another of today’s three posts.

AN EMMY WINNER LISTS HER HOME IN SOUTHBURY, CONN.

BILLIONAIRE OWNER OF A WEEKLY PET-SUPPLIES COMPANIES SPENDS MORE THAN CHICKEN FEED FOR A SOHO PENTHOUSE

CONGRESSWOMAN’S HOUSE, TWICE IN DEFAULT, NOW IS LISTED AS A SHORT SALE

ACTRESS PICKS UP A PRETTY FINE PENTHOUSE

BROKER DISPELS RUMORS THAT BUYER OF TRUSTED MAN’S SUMMER HOME LOOKS LIKE LADY GAGA


FED OFFICIAL SAYS IMPEDIMENTS TO HOME SALES Continue reading