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peter's bookmarks on real estate and new york city in the media
Tuesday, November 27, 2007 | Forbes.com

The Time To Sell Your House Is Now

If you are thinking about selling your home, there's no time like the present.

Tuesday, November 27, 2007 | Curbed

Open Houses Are Safe Once Again

Our long national nightmare is over. The Open House Bandits were arrested on Saturday, following a break in the case from a witness who jotted down the suspects' license-plate number.

Monday, November 26, 2007 | New York Times

Stocks Plummet; Bond Yields Sag

The stock market fell sharply late today and investors rushed to the safety of Treasuries as concerns about mortgage-related losses continued to unsettle the financial market. The S.&P. 500 and Dow Jones indexes are officially in correction territory, down more than 10 percent from their peak on Oct. 9

Friday, November 23, 2007 | Forbes.com

America's Undervalued Real Estate Markets

The good news is that market slumps often result in good buys, and solid investments get tagged with bargain prices due to the volatile market.

Friday, November 23, 2007 | Bloomberg

Greenspan Has No 'Regrets' as Housing Slump Deepens

Former Federal Reserve Chairman Alan Greenspan said he has "no particular regrets" and that the deepening slump in the U.S. housing market isn't a result of his policies.

Friday, November 23, 2007 | New York Times

Koons's Bunny Balloon Sheds Its Steel Skin

Drifting above Broadway yesterday, Jeff Koons's big silver "Rabbit" balloon was art referencing its origins, or maybe it was just a balloon.

Tuesday, November 20, 2007 | New York Times

Fed Expects Slowdown to Deepen

The Federal Reserve expects economic growth to slow sharply next year, and policy makers there are worried that even this forecast may prove too optimistic, according to an assessment that the central bank released on Tuesday.

Tuesday, November 20, 2007 | Bloomberg

U.S. Housing Starts Unexpectedly Climb in October

Housing starts in the U.S. unexpectedly rose in October as a jump in work on condominium projects outstripped the weakest construction of single-family homes in 16 years.

Tuesday, November 20, 2007 | Bloomberg

Freddie Mac Posts Loss, May Cut Dividend, Raise Capital

Freddie Mac, the second-biggest buyer of U.S. mortgages, posted its largest-ever loss and said it may cut its dividend and raise capital to weather "significant deterioration" in the housing market. The stock plunged as much as 35 percent.

Tuesday, November 20, 2007 | amNY.com

Feds purchase East River island

The island, an overgrown, uninhabited 7-acre piece of land battered by the winds in the East River was sold to the investment group Hampton Scows, Inc., by the city in 1975 for $10. Now the federal government is purchasing it from the group for $2 million, a mark-up of 20 million percent, and turning over to the city's Parks Department.

Monday, November 19, 2007 | Bloomberg

Wall Street Plans $38 Billion of Bonuses as Shareholders Lose

Good news for the Manhattan real estate market. Wall Street will be paying record bonuses, totaling almost $38 billion, even as shareholder values have declined.

Sunday, November 18, 2007 | New York Times

U.S. Approves $1.3 Billion for 2nd Avenue Subway

The long-dreamed-of Second Avenue subway will take another important step toward becoming a real thing of concrete and steel today, as the federal government plans to announce that it has formally approved $1.3 billion in financing for the project’s first phase.

Friday, November 16, 2007 | FT.com

US inflation reaches 14-month high

The big jump in prices underlines the Federal Reserve's concern that inflation could pick up pace and make it more risky to continue cutting interest rates to keep the threat of a recession at bay.

Thursday, November 15, 2007 | New York Times

Jean Nouvel Tower Near MoMA

A new 75-story tower designed by the architect Jean Nouvel for a site next to the Museum of Modern Art in Midtown promises to be the most exhilarating addition to the skyline in a generation.

Wednesday, November 14, 2007 | The Real Deal

Do buyers or sellers have the upper hand lately?

In contrast to Q3 sales stats, some brokers reported quieter open houses in October.

Wednesday, November 14, 2007 | NY Daily News

40 Bond becomes city attraction

Bond St. between Lafayette St. and the Bowery has been transformed into one of downtown Manhattan's most foot-trafficked streets by 40 Bond, an 11-story architectural wonder developed by Ian Schrager

Wednesday, November 14, 2007 | RealEstateJournal

Ratings Proliferate For Green Buyers

This week, the U.S. Green Building Council -- a nonprofit that rates commercial buildings on things like energy use and indoor-air quality -- introduced similar rating systems for people's homes.

Wednesday, November 14, 2007 | New York Post

West Chelsea's little gem

When your new boutique condo project is surrounded by serious starchitecture, including buildings by Frank Gehry, Annabelle Selldorf and Jean Nouvel, how do you make it stand out? Easy. Hire an architect who's used to thinking out of the box - and then let him.

Wednesday, November 14, 2007 | New York Post

Record downtown condo sale

THERE'S a new record price for a downtown apartment. A huge triplex condo has just gone to contract for $33 million in a new development on East 22nd Street.

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