Weekly Roundup: Slower pace of rent increases, rise of mortgage rates, Gen Y’s influence on house design, tech myths, market predictions

Rents rise at diminishing rate

UWS has highest absorption rate in Manhattan

Glassy condo buildings unwelcome among old money residents of UES

Free shuttle bus can be a deal maker

Those pesky brokers will write anything to set listings apart

Westchester markets enjoys strong finish

Knowing building’s rules one of seven tips for novices renting out apartments

First-time foreclosures drop to seven-year low in the city

Philanthropist’s 26-acre estate on Cape Cod private island sells for $19.5 million

Actor hunting for house Continue reading

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Weekly Roundup: Renters reject commissions, pending sales up over year, rates set record, list IDs ugliest mansions, recovery talk ignites debate

Although able to buy multimillion-dollar residences, some very rich folks choose to rent at sky-high prices instead

Fire Department takes dim view of dangling air conditioners and undertakes strong action

Landlord’s empire of apartment buildings collects thousands of code violations

City comptroller expects large residential properties to maintain value

40 percent of renters say they won’t pay broker’s fee purely on principle

Some Brooklyn renters moving back to Manhattan, where they find cheaper digs

With luxury home sales hitting record, surging Hamptons activity nearly matches 2007

City Council overwhelmingly approves NYU expansion plan

Sales, prices of new condos in Brooklyn boom in Q2 vs. prior year

Westchester communities experience parent drain after commencements

Broadway couple trades hit musical for the Hit Factory

She kisses good-bye to Tribeca condo at a small loss

Filmmaker decides it’s time to sell California estate at an asking price of $9.5 million

Index of contracts signed in June Continue reading

Weekly Roundup: Higher floor premiums, chef on the move, growing demand, record low loan rate, renovation advice, views of Fed and economists

Open house, other signs indicate market is ‘willing to stop flirting with recovery and commit wholeheartedly’

First-time foreclosures continue to decline, but trend is unlikely to last

With surging demand, Manhattan rents climb 7.1 percent higher than year ago

Flawed system caused dramatic swings in assessed value of some co-ops and condos, comptroller’s office says

Plaza’s developer negotiates $600 million sale of former hotel

Inventory gap yawns between 2012 and much higher average of prior three years

Increasing number of first-time homebuyers decide it would be cheaper — and smarter — to own rather than rent

Appraisal executive demystifies premium for higher floors

Some co-op boards becoming more comfortable with corporate ownership

U.S. attorney’s civil complaint seeks ownership of Washington Heights rental building allegedly purchased with illegal cash

Northern Westchester towns, villages vie with Hamptons for summer renters

And Long Island real estate industry finds itself accommodating numerous buyers from overseas

Celebrity chef buys SoHo penthouse

Actor’s newly listed home is a long way from Continue reading