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Nation's Priciest Rents Found in, Er, North Dakota?

Williston, specifically, which is exploding in ND's oil boom

(Newser) - The worst place in the nation to be writing out the monthly rent check? Not Manhattan—by a long shot. Rather, the rapidly growing North Dakota oil patch city of Williston has the highest average rent in the United States. A 700-square-foot, one-bedroom apartment in Williston costs an average of...

Mom Buys $6.5M NYC Apartment for Toddler

Because she assumes the 2-year-old will go to a prestigious Northeast school

(Newser) - We get it, parents. You want the best for your kid. Sometimes, that means feeding them nutritious food, reading to them, and being there for them. And sometimes, it means buying them a $6.5 million high-rise apartment in a city on the other side of the planet. That's...

Berlin Wall to Be Razed for ... Luxe Housing

Petitions spring up to protect East Side Gallery

(Newser) - Once again, the Berlin Wall is coming down—but this time, it's so swanky apartments can rise up in its place. And Berliners aren't happy about it, the Local reports. Thousands have signed online petitions against the move, confirmed by an eastern Berlin mayor, who argues that razing...

Housing Starts Soar to Highest Since 2008

Almost all of the growth comes in apartments, townhouses

(Newser) - The housing market might finally be coming around. The number of new homes that began construction last month took a surprise 3.6% leap to an 894,000 annual rate—the highest since July 2008, the Commerce Department announced today. That's well above the 840,000 economists surveyed by...

Rent Obama's Old Apartment for $2.4K a Month

NYC 2-bedroom went up in price

(Newser) - Barack Obama's old New York apartment needs new tenants. For $2,400 a month, you can live like—well, if not a king, then at least a future president. The two-bedroom Upper West Side abode was last available two years ago, Daily Intel notes, for just $1,900 a...

Bloomberg Plans Teeny NYC Apartments

Contest looks for designs in 275 to 300 square foot range

(Newser) - Just when you thought New York City studio apartments couldn't get any smaller, the mayor comes up with this idea: apartments that measure up at just 275 to 300 square feet. Michael Bloomberg launched a city contest yesterday to develop the "micro-units," which will be housed in...

60 Homeless After San Francisco Fire

Daytime blaze hits apartment building

(Newser) - It took three hours and 150 firefighters to calm an apartment blaze in San Francisco that left 60 people homeless. Three buildings were caught in flames in the fire, whose cause will be investigated today. It apparently started in a neighboring Victorian home and spread from there, reports AP . The...

New York's Priciest Rental: $165K a Month

Astor Suite at the Plaza is now on the market

(Newser) - New York's most expensive rental is now available, and it's a steal at $165,000—some $15,000 more than the runner-up. The 5,087-square-foot Astor Suite at the Plaza boasts three bedrooms, five bathrooms, and a library, not to mention a separate apartment for guests. The suite...

Online Apartment-Hunter Finds Pads With Facebook

'ApartmentList' scans your activities to find the right place

(Newser) - Your mind-numbing hunt for an apartment may have gotten a little bit easier. A new apartment-matching engine called ApartmentList personalizes listings by connecting to your Facebook page and scanning your activities and those of your friends, TechCrunch reports. It also asks questions like, "Do you have money in the...

Renters Flock to Whitey Bulger's Santa Monica Digs

Residents to want live where a fugitive escaped a decade-long manhunt

(Newser) - The simple Santa Monica apartment where James "Whitey" Bulger hid from the FBI for more than a decade could soon be one of the hotter properties in the city's rental market. The door to unit 303 remains sealed with police tape as FBI agents continue to pick the...

How One New Yorker Lives in 90 Square Feet

Felice Cohen makes every inch count in her tiny Manhattan apartment

(Newser) - Felice Cohen's Manhattan studio is all of 90 square feet, and she seems to have plenty of room for all the necessities. “I think a lot of people have a lot of space that they’re not using," she explains in a video from faircompanies . It also helps...

Buy the 'World's Smallest Apartment' for $68K

Rome 'wigwam' can barely hold a bed

(Newser) - For all of you who have joked about living in a closet ... well, you ain't seen nothing yet. A Rome "compact bedsit" that's being described as the world's smallest apartment has hit the market. Asking price for the 55-square-feet of heaven: $68,000. One report called the former porter's...

After 5 Quarters of Decline, Rent Just Went Up

Stabilizing prices might signal ravaged sector has found bottom

(Newser) - Rents crept up nationally in the first quarter, notching a 0.3% increase that ended five straight quarters of decline in a sector that's been particularly battered by the recession. The vacancy rate—closely linked to unemployment—held steady at 8%, while 60 of the 79 markets surveyed reported higher...

Artists, Hipsters Go Without Winter Heat

For some holdouts, 50° is toasty

(Newser) - Living with the heat off—if they even have heat—is a way of life for some Northerners who get through the winter on a combination of ingenuity and insulation. Their motives are often curious. Take the New York artist who appreciates the acoustics of his loft so much he...

NYC Man Jumps to His Death—In Front of Kids

Friends say 53-year-old showed no signs he was suicidal

(Newser) - A New York man leapt from his apartment window to his death last night while his young daughters looked on in horror. “There were never any signs of problems,” a friend tells the Post . “I'd never expect anything like this from him.” The 53-year-old died instantly...

Renters Feel the Landlord Love
 Renters Feel the Landlord Love 
Nov 2, 2009 6:19 AM CST

Renters Feel the Landlord Love

In soft market, tenants offered flat-screen TVs, cash, reduced rent

(Newser) - Time was, the landlord's knock could inspire dread and bogus excuses. But as apartment vacancies soar, these days he's more likely to drop by to offer you a flat-screen TV, cash, or reduced rent if you re-up your lease. "Many companies are doing whatever they can to keep units...

World's Priciest Apartment Sells for $56M
 World's Priciest Apartment 
 Sells for $56M 
WHAT HOUSING BUST?
Oct 15, 2009 5:50 AM CDT

World's Priciest Apartment Sells for $56M

Hong Kong duplex goes to mainland Chinese buyer

(Newser) - A mainland Chinese buyer has purchased the most expensive apartment in the world, a duplex at the top of a Hong Kong highrise selling for $56.6 million. Hong Kong exited recession in the second quarter and its property market has rebounded strongly, although with prices up 30% this year...

Vacancy Rate Hits 23-Year High as Renters Fade

So now's the time to get that place in NYC

(Newser) - Apartment vacancies have hit a 23-year high, as rampant unemployment continues to drive down demand, according to a New York real-estate research firm. That’s brought rents down an average 2.7% compared to last year—and the 7.8% vacancy rate is expected to climb. “The experience was...

Manhattan Apartment Prices Tumble
Manhattan Apartment Prices Tumble
Apr 2, 2009 6:27 AM CDT

Manhattan Apartment Prices Tumble

Financial crisis sends values down double digits in first quarter

(Newser) - Wall Street's problems have chucked a bucket of cold water over Manhattan's once overheated property market, Reuters reports. The median price of a Manhattan apartment dived 11% to $749,000 in the first quarter, according to a report released today by the Corcoran Group, New York's largest brokerage. Analysts expect...

Rahm Lives in Illegal Apartment

Chief of staff rents basement of DC house zoned as single-family dwelling

(Newser) - The White House isn’t the only new house Rahm Emanuel will have to get used to, Gawker reports. Barack Obama’s chief of staff rents a basement apartment on Capitol Hill from Rep. Rosa DeLauro, but a private investigator has discovered that the house is zoned as a single-family...

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