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Real Estate Agent - Charles Rutenberg Realty LLC
RECENT BLOG POSTS
Case-Shiller's National Home Price Index fell 3.2% in the first quarter of 2010 while remaining above its year-earlier level. In March, 13 of the 20 Metropolitan Statistical Areas (MSAs) covered by the indices and both monthly composites were down, yet the two composites and 10 MSAs showed year-o...
05/25/2010
Nice balconies and views, but the city demands, "Keep off." A woman I know called me in great distress last week to ask whether there was some way she could back out of her contract to buy a $560,000 one-bedroom co-op in a building that the city has cited for having potentially unsafe balconies....
05/25/2010
  The National Association of Realtors reports that existing-home sales in the U.S. climbed 7.6% in April above March's level. Economists surveyed by Dow Jones Newswires expected sales last month to climb 4.7%, to a rate of 5.60 million. The increase was 22.8 percent over one year earlier. At the...
05/24/2010
On Wednesday, a two-bedroom unit in this Canarsie condominium goes on the block. As for the Manhattan units, June 27. A foreclosed 1,063-sf apartment that has two bedrooms and one bath in the 1989 Brook Club Condo, which has a pool, is to be auctioned on Wednesday.  At 1229 E. 80th St., unit 180...
05/24/2010
Not only do many brokers characterize buyers as “liars” (generally in less of a malicious and more of a frustrated way), but they also think of sellers as greedy. I disagree. Buyers don't swear to tell the truth.(Flickr photo by Office of Gov. Patrick.) What happens with buyers is that they begin...
05/23/2010
There’s a flurry of activity in the nation’s capital to clamp down on U.S. workers that are misclassified as independent contractors, a category under which all but a tiny minority of real estate agents falls. According to Realtor magazine, a publication of the National Association of Realtors (N...
05/22/2010
When co-op buyers see the words “sponsor apartment” in a converted building in New York City, their eyes invariably light up with anticipation.  In fact, some buyers will specify that they want both to live in a co-op and to buy only a sponsor apartment. A decent sponsor apartment with minimal cl...
05/21/2010
There is no shortage of bad brokers–those who are some combination of lazy, incompetent, unprofessional, unethical or nothing more than avaricious. Of course, there are lots of good brokers in New York City and elsewhere as well. The question at hand: Is there a clear connection between the quali...
05/20/2010
I recently finished reading Alice Schroeder’s extraordinarily well written and researched biography of Warren Buffett.  It is called “The Snowball: Warren Buffett and the Business of Life.” There is plenty of business in the book, but I was more interested in the man.  Although anyone who knows a...
05/19/2010
Brokers flout Fair Housing laws with impunity By Malcolm Carter When it comes to many matters relating to real estate, the Big Apple often lags the rest of the country. One prime example discussed on this blog concerns the continuing resistance, especially by the biggest brokerages, to a Multiple...
05/18/2010
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