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newsreal
peter's bookmarks on real estate and new york city in the media
Wednesday, October 31, 2007 | New York Times

Economy Grew 3.9% in 3rd Quarter

The economy expanded faster than expected in the third quarter, led by a surge in consumer spending and exports, the government reported today. But housing expenditures plunged, and economists remained wary about the outlook for the next few months

Tuesday, October 30, 2007 | The New York Sun

Drop in City Building Permits Seen

While Manhattan's numbers are strong, posting the most new building permits for the quarter since 2001, there has been a steep decline in the other boroughs.

Tuesday, October 30, 2007 | The Slatin Report

Another fine mess

Economist Hugh F. Kelly notes that in August, the industry, the press, the politicians, and the markets were in full cry about the "subprime debacle." His opinion was that it will affect us for a period of months, but not a period of years.

Tuesday, October 30, 2007 | Inman News Blog

I've done everything for you...

Rising delinquencies and defaults have produced a crisis of faith among international investors who once poured billions into mortgage lending. That's forced lenders like Countrywide that once depended on borrowed money to mostly limit production to loans that are eligible for purchase or guarantee by Fannie Mae and Freddie Mac.

Tuesday, October 30, 2007 | The Real Deal

Blesso, Ardency convert West Village townhouses back to single-family

Affluent families pay top dollar for West Village townhouses that are in short supply, and developers invest big money to convert historic homes from multi-family back to single-family dwellings.

Tuesday, October 30, 2007 | Matrix

Appraising New Developments: What happens in Las Vegas

Great post on appraisals in new developments and falling markets. which are difficult because the sales are not a matter of public record, the contracts are provided by the seller (developer).

Tuesday, October 30, 2007 | The Real Deal

Commercial sales fall

Commercial sales in Manhattan fell 67 percent last month compared to the previous month, according to a monthly report by research firm Real Capital Analytics.

Tuesday, October 30, 2007 | The Real Deal

How to weather the storm. Residential brokers share their tips for staying afloat in today's climate

While broker ranks haven't significantly thinned yet, tougher market conditions could mean more brokers dropping out of the ranks in the future, making it especially important to have an edge on the competition.

Tuesday, October 30, 2007 | New York Times

Gay Enclaves Face Prospect of Being Passé

The social forces that gave rise to the Castro and other gay neighborhoods like the West Village and West Hollywood may be becoming passé.

Tuesday, October 30, 2007 | New York Times

The West Village; Then and Now

An interactive slide show of the neighborhood, observing the changes from the nostalgic old, to the contemporary West Village.

Tuesday, October 30, 2007 | New York Times

Home Prices Are Down, and So Is Confidences

Home prices dropped again in August and consumer confidence remained at the lowest level in two years, reinforcing investors’ bleak expectations for the economy, a new report showed today. The trouble signs came as Federal Reserve policy makers began a two-day meeting that could culminate in an interest rate cut.

Tuesday, October 30, 2007 | New York Times

Not All Is Gloomy in Real Estate: A Blog Network Attracts Capital

Curbed.com, a popular real estate blog network with sites in New York, San Francisco and Los Angeles, has obtained $1.5 million in financing to expand into new cities and add staff members.

Tuesday, October 30, 2007 | Wall Street Journal

Fed Calls: Quarter-Point Cut Consensus

Federal Reserve policymakers meet Wednesday to decide what action, if any, to take on interest rates. Speculation has centered on whether the Fed will keep rates steady, cut a quarter-percentage point or trim a half-percentage point. The consensus is looking for a quarter-point cut, but a few experts expect the Fed may leave rates unchanged at 4.75%.

Wednesday, October 24, 2007 | open house new york

city proof windows

Open House NY has a short piece on installing "city windows" to soundproof your apartment using which can provide quite a nice level of noise insulation.

Tuesday, October 23, 2007 | Forbes.com

America's Richest Real Estate Billionaires

Billionaire tycoons such as Jorge Perez, Mortimer Zuckerman and Samuel Zell, got rich building thousands of apartments, renting pricey office space and holding vast chunks of undeveloped land.

Tuesday, October 23, 2007 | The Slatin Report

The Next New York

Hudson Yards isn’t just another development parcel. It’s a very real and potent extension of what is already the nation’s largest, wealthiest and most powerful Central Business District. Proposals for its 28 acres will all be intended to set Manhattan on course for the 21st century and save the city from global obsolescence.

Monday, October 22, 2007 | Wall Street Journal

New York Real Estate Spending Soars

Is New York’s housing market set to join the national slump? Builders don’t think so, according to a new report.from the New York Building Congress. Overall, New York City is poised to see $83 billion in spending over the next three years on office towers, apartments, arts centers and sports complexes.

Monday, October 22, 2007 | Wall Street Journal

Sweetening home sales. Should agents be given extra perks to sell homes?

In a drive to attract home buyers in today’s sluggish real-estate market, home sellers are offering real-estate agents higher incentives to show homes.

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