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Soros predicts interest rate spike in 2013, low-ball appraisals complicate deals … and more

A townhouse at 126 West 87th Street hit the market, asking $8.75M (source: Streeteasy)
A townhouse at 126 West 87th Street hit the market, asking $8.75M (source: Streeteasy)

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1. Billionaire financier George Soros predicts interest rates will spike over 2013 [CNBC]
2. But with rates still so low that even the wealthy are financing, low-ball appraisals are complicating deals [NYT]
3. Residential Capital to pay Fannie $298 million to end objection to business sale [Bloomberg]
4. Upper West Side wood-paneled townhouse popular with TV producers hits the market for the first time since 1981, asking $8.75 million [NYT]
5. Buildings owned by College Management —considered by public advocate Bill de Blasio to be NYC’s worst landlord — trade hands [Curbed]
6. Warren Buffett sees a housing rally [Bloomberg]
7. But Yale economist Robert Shiller says don’t count on recovery quite yet [Bloomberg]
8. A federation of labor unions push to break up JPMorgan [NYP]
9. With a restoration ahead, a peek inside the decaying Loew’s Kings Theater in Flatbush [Gothamist]
10. South Slope cafe attracts indie rock royalty [DNAinfo]