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


Borrowers required to pay up to protect lenders

(Flickr photo by cbcd04)

Borrowing funds to finance a home purchase goes way beyond monthly payments.

The process is analogous to death by a thousand cuts.

First, you have to pay an application fee.  In other words, the money that the lender makes by charging loan interest just isn’t sufficient to cover the costs of assuring that you’ll make monthly payments on time.  (We know how well those procedures worked looking at the number of loan defaults in recent years.)

Then you fork over money for the lender to check your credit.

Let’s not forget Continue reading

Weekly Roundup: Storm effects, U.S. price and sales trends, credit scores, timing of rate locks, buyer rebates and growing optimism. Much more!

Daylight Savings Time Ends Saturday Night

Firm cost of storm’s damage to area homes long way off, but total will be astronomicalperhaps as much as 64 percent of $50 billion total

Sandy ravages Long Island’s East End, decimating homes of the rich and famous

Storm could shape how residential housing along the water is built, marketed, sold

Buyfolio collaborative service for consumers and agents finds deep-pocketed buyer

‘Prewar’ speaks volumes

Boards may promise buyer applicants one thing, then do something else

World Series pitcher lists California mansion for $11.45 million

Buyer of late pop star’s estate so eager to move in that he’ll occupy the place before sale closes

Actress takes substantial loss on her sale of Hollywood Hills house fit for a queen

Late Oscar nominee’s duplex overlooking Central Park on the market for $13.95 million

Case-Shiller records continuing upward price trend

Homewnership, rental vacancy rates Continue reading


Weekly Roundup: Latest rent stats, celebrities’ real estate, state of U.S. market, mortgage fraud, house swapping, growing consumer optimism

Manhattan rents shoot up 8.2 percent in a year, reaching $3,195 monthly

And Tribeca has biggest change in rents from prior month

Beating out other applicants means renting only what you can afford — and much more advice

Before signing lease, understand landlord’s perspective

Brooklyn, Queens attain highest average sales price in Q3 since 2007

Co-ops and condos Continue reading


Weekly Roundup: Starters hot, U.S. prices rise, rates tick up, foreclosures drop, Houston’s cool

Weekly Roundup returns after Labor Day, but. . .

. . . you may want to check back here for occasional posts and keep current via Facebook or Twitter (below)

Wells Fargo provides mortgages to one-fifth of the city’s borrowers

July sales of starter apartments grow 30.5 percent over previous year

Sales of new Manhattan condos up in second quarter, but median price sinks

Lesbian couple get both names on lease after months-long battle, threatened lawsuit

Report suggests property tax evasion widespread

Swimmer whose name rhymes with ‘hike’ selling Baltimore condo

Singing couple proves that money talks with their $400,000 Hamptons rental

Actress orders purchase of Upper West Side townhouse for $10.7 million

Grammy winner’s condo on the Bowery finds buyer after 5 percent markdown

Late pop artist’s lofty domain goes on the market in SoHo

One of late heiress’ Fifth Avenue apartments is under contract — again

Case-Shiller records significant price gains from year ago

Strength of apartment sector Continue reading


Weekly Roundup: Sales strong, rents spike, celebs move, U.S. prices rebound, rates drop again, consumers hopeful, analysts see recovery

Strong sales mark first half of year as inventory dwindles

$7.67 billion worth of homes change hands citywide in Q2

Rents jump to highest level in two years in fifth consecutive quarterly rise

Woman accuses landlord of refusing to list her wife Continue reading


Weekly Roundup: NYC quarterly reports out, U.S. rents and prices rising, loan rates reach new lows

Because of the Independence Day holiday, this abbreviated post contains only the past week’s most essential news.

Manhattan market holding steady, Times reports

It’s taking a breather, says Wall Street Journal

City, state officials say they plan ‘landmark’ legislation to cut apartment owners’ taxes

The Real Deal maps out all major Manhattan, Brooklyn for-sale buildings with at least 5 sponsor units still listed

Wells Fargo dominates mortgage market

Confidentiality can be an exercise in futility at high end

Gap between market-rate and rent-stabilized apartments makes them harder than ever to snag

Wife of composing wizard closes on 1BR unit in Trump building

Are you buying from me?

Home prices Continue reading