Weekly Roundup: New NYC stats, land paradox, easing rates, Fair Housing, search tool. . . more

All-cash dream can become all-consuming nightmare

WNYC investigation: System of appointing foreclosure referees operated with little oversight, rife with irregularities, dominated by political insiders

Signed contracts for $10 million-plus residential properties in Manhattan double the same time last year

Narrowest house, where Edna St. Vincent Millay lived, finds buyer at last

Rent board approves maximum increases  roughly double last year’s for stabilized apartments

Finding Hollywood home addresses of celebrities fast and easy

Grammy-winning saxophonist tries again to sell UWS townhouse, this time for $12 million

Comedic former TV talker sells Miami hacienda way below original ask of $20 million

Couple could be sleepless Continue reading

Advertisements

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

Weekly Roundup: Wall Street’s impact spreads, musicians move on, bottom glimpsed, prices weak, builders beat forecasts, lowballing fails

Manhattan agents confident about city, but Wall Street’s labor pains may hit suburbs harder

The Edge tops list of new developments with most condo sales in first quarter

New listings search site is nice to users

Refusing to hear case, Supreme Court ensures continuation of rent stabilization

The bind that renters endure is tie that’s tight or liberating

Bedbug complaints Continue reading

Weekly Roundup: Sales up here, U.S. prices low

Even with tight inventory, February had most signed contracts for the month since 2008

State says 2011 economy, jobs grew far more than previously estimated

The light that star architects shine on their buildings often dims on resale

Rental brokers Continue reading

Weekly Roundup: Flat condo market, new U.S. price lows, Buffett, rollicking washers, more

Sales off 6.4 percent year to date from same time last year

Condo market mostly weak in January

Median listing price for new Manhattan developments jumps 12.6 percent from prior year

$21 million apartment has great views, but a $12 million lawsuit by the 2010 purchaser claims latent defects

Soaring Manhattan rents lure investors

Eight ways to have your super climbing the walls

Neighborhoods record Continue reading

The High Road: ‘Renovated’ is like grade inflation

To paraphrase Crocodile Dundee, that’s what I call a renovation. (Flickr photo by Zusjes Weblog)

In the incendiary days of our overheated market just four or five years ago, you couldn’t give away renovated properties.

Flush with Wall Street largesse, seemingly all buyers wanted to impose their own taste on any apartment or townhouse they considered.  So what if it took wads of cash, endless frustration and overwhelmingly large pools of patience?

Buyers wanted to do their own thing.

Those days are pretty much in past, and I imagine they’ll be back.  But the properties that sell quickest of late Continue reading

Do you know where the market is going?

(Flickr photo by Martino!)

I’ve heard it said that our housing market is going to swoon next year.

I’ve also heard it said that it’s boring, stable and unlikely to dip more than a few percentage points, if at all.

Do you know?  I sure don’t.  That’s because of scenarios that are unknowable, of which herewith a few: Continue reading