IT'S THE SUB PRIME LOANS, STUPID

What they're saying:

Moving From Housing to Lending - Matrix - Jonathan Miller

Sub-prime lending shakeout heats up - Los Angeles Times

As home values fall, is the US heading for the much-feared 'hard landing'? The Independent UK

Freddie Mac Toughens Sub prime Standards - Rismedia

Options Trader: Tuesday Morning Ideas - Seeking Alpha

SOLD & CLOSED - DOWNTOWN MANHATTAN

BUILDINGS:
12 Thames St/108 Cedar St School $64,360,000 closed 1/07
5 Spring St 5 Floors/Walk-up $3,800,000 closed 1/07
12 Howard St 12 Floors $59,000,000 closed 2/07
22 Murray St 5 Floors Office Bldg $10,000,000 closed 2/07

CONDOS:
150 Nassau St $1.662 mil 1483 SF closed 2/07 $1121 per SF
99 Reade St $1.395 mil 1063 SF closed 2/07 $1312 per SF
104-108 Reade St $1.48 mil 1192 SF closed 2/07 $1242 per SF
69 Hudson St $710k 572 SF closed 2/07 $1241 per SF
80 Chambers St $1.465 mil 1650 SF closed 1/07 $893 per SF
345 W 13th St $2.85 mil 2080 SF closed 1/07 $1370 per SF
100 Reade St $1.65 mil 1550 SF closed 1/07 $1065 per SF

Closing information provided by Property Shark

MADISON SQUARE PARK- MANHATTAN

THAT WORD - INVENTORY

Jonathan Miller's graph this week for Curbed is "Manhattan Monthly Listing Inventory Survey" and it's well worth looking at if you're following our housing market. Here is a summary:
Feb 1 2001 4426 units
Feb 1 2002 4619 "
Feb 1 2003 6096 "
Feb 1 2004 3994 "
Feb 1 2005 4494 "
Feb 1 2006 6372 "
Feb 1 2007 6000 "

But better to see for yourself - jump here to get the big noodle!

SOLD & CLOSED - DOWNTOWN MANHATTAN

January & February 2007 Residential Closings:
96 Warren St $815k 797 SF Closed 1/07 $797 per SF
10 West St $5.25 mil 3951 SF Closed 1/07 $1328 per SF
18 East 12th St $2.521 mil 2640 SF Closed 1/07 $954 per SF
130 Barrow St $1.155 mil 1113 SF Closed 1/07 $1037 per SF
166 Duane St $4.3 mil 2311 SF Closed 1/07 $1860 per SF
357 W 12th St $1.05 mil 786 SF Closed 1/07 $1335 per SF
359 W 11th St $1.8 mil 1599 SF Closed 2/07 $1126 per SF
109 Greene St $3.835 mil 2042 SF Closed 2/07 $1878 per SF
164 Pearl St $557,600 803 SF Closed 2/07 $694 per SF
1 Hubert St $5.7 mil 4120 SF Closed 2/07 $1384 per SF
160 Wooster St $6.4 mil 3205 SF Closed 2/07 $1997 per SF
692 Broadway $980k 1176 SF Closed 2/07 $838 per SF
150 Nassau $2.4 mil 2365 SF Closed 1/07 $1015 per SF
12 East 12th St $4.6 mil 2778 SF Closed 1/07 $1656 per SF
96 Warren St $645k 669 SF Closed 1/07 $1000 per sf
225 Lafayette $2.435 mil 1735 SF closed 1/07 $1404 per SF

All information is from public records and organized by Property Shark. They are a great source, check them out!

TRIBECA - GOINGS ON

Photo of 19 Beach Street
Six new properties came on the market in Tribeca so far this month, penthouses on Beach Street and in the Atalanta Building along with a two bedroom in the Ice House. Most notable is the penthouse in the Atalanta Building. The outdoor views are extraordinary. Asking $1667 per square foot compared to Beach Street that's listed at $2154 per square foot. The Ice House loft is $1570 per SF. Three other more traditional Tribeca lofts are for sale: 258 Broadway ($938 SF), 1 Worth. a walk-up ($789 SF), and 81 White(more like East Tribeca or Ebeca - below canal and east?) asking $1075 SF.

THE NEW HOTTIE ON THE BLOCK

Who? Abigail Michaels Concierge Services. Why? Your time is worth too much to go chasing for restaurant reservations, best seats on Broadway, housekeepers, a manicurist, dog walkers, car service, laundry & dry cleaning, lost passports, or as Abigail Michaels Concierge says "anything else you need from the ordinary to the outrageous." All the new best buildings in Manhattan are getting it, why not you? Check it out here Abigail Michaels Concierge.

HEAT MAP BY TRULIA

Great new service by Trulia called the Heat Map gives average homes prices across the country. You can zoom in for a state breakdown by county. New York looks like Allegany, Genesee and Niagara are the least expensive with topping out averages of $128,000 to $133,000. Manhattan leads of course, at $1,720,000. Colorado offers proof on the axiom - location location location - with Pitkin county coming in at $3,320,000 average and Bent county $73,000. Check it out here.
Shown here: Wellsville, NY and Snowmass, CO.

SOLD & CLOSED: BUILDINGS DOWNTOWN MANHATTAN

8 Stone St - parking lot - $17,000,000 closed 1/07
750 Greenwich St - converted dwelling - $4,850,000 closed 1/07
403 Greenwich St - two-story office/store - $6,100,000

NO EXTRA CHARGE FOR THE SOUNDS

Who lives in Manhattan that is not familiar with those too early in the morning sounds of garbage trucks! Soon to come to tony Hudson Square/West Soho is a 150 foot condo tower personally designed for - Manhattan Garbage!! Jump here for the full story from The Villager.

COTE D'AZUR SUMMER HOME

Three bedrooms, 930 square feet,corner unit on the fourth floor of a very charming building in the heart of Nice, on the Cote d'Azur in France. Walk to the beach and swim in the beautiful blue Mediterranean Sea. Four miles to Nice International Airport. How much? Less than a good studio apartment in Manhattan, $438,673 + 6% to the notary. Click here and see for yourself!

SOLD & CLOSED - DOWNTOWN MANHATTAN

354 Broome St $1.53 mil 1735 SF closed 1/07 $882 per SF
15 Broad St $1.87 mil 1750 SF closed 1/07 $1069 per SF
1 Morton Sq $2.75 mil 1734 SF closed 12/06 $1586 per SF
22 Warren St $1.96 mil 1800 SF closed 1/07 $1089 per SF
21 Astor Pl $1.785 mil 1471 SF closed 1/07 $1214 per SF
542 LaGuardia Pl $1.75 mil 1400 SF closed 1/07 $1250 per SF
692-694 Broadway $1.2 mil 1101 SF closed 1/07 $1090 per SF
62 Beach St $2.7 mil 1722 SF closed 12/06 $1568 per SF
150 Chambers St $1.685 1454 SF closed 1/07 $1159 per SF
1 Morton Sq $2.55 mil 1693 SF closed 1/07 $1506 per SF
150 Nassau St $690,000 692 SF closed 1/07 $997 per SF

Information supplied by Property Shark