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Tuesday, May 21, 2013
Latest Affordable Housing News
AP Top Business News

Yahoo looks to regain its cool with Tumblr deal
5/20/2013
SAN FRANCISCO (AP) -- After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in a risky acquisition that revolves around the vision and instincts of a 26-year-old entrepreneur who dropped out of high school to pursue his dream of bringing more beauty and creativity to the Internet.... Details

Asia stocks fall ahead of Fed statements
5/21/2013
BANGKOK (AP) -- Asian stock markets fell Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program.... Details

Average credit card debt, late payments fall in 1Q
5/21/2013
LOS ANGELES (AP) -- Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.... Details

Should we let wunderkinds drop out of high school?
5/21/2013
NEW YORK (AP) -- Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser communications systems. This spring, his mom, Penny Mills, let him drop out of 11th grade. She says she "could see how much of the work he was doing at school wasn't relevant to what he wanted to learn."... Details

Tumblr CEO's mom gushes over billion-dollar baby
5/20/2013
NEW YORK (AP) -- As a teenager, Tumblr CEO David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the precocious, computer-savvy kid decided to drop out altogether to devote more time to his passion for technology.... Details

Topix Real Estate

Aucklanders in exodus to Hamilton
5/21/2013

Aucklanders are looking as far away as Hamilton to buy homes as more people find themselves squeezed out of their local real estate market.

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Rescue slow at US-owned Freeport copper mine, body count leaps to 21...
5/21/2013

The death toll from a mine tunnel collapse in eastern Indonesia has risen to 21, the American operator said, as rescuers searched for another seven workers now also presumed dead.

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Luxury lofts, commercial space listed for lease at Ypsilanti's Thompson Block
5/20/2013

Thompson Block owner Stewart Beal provided a rendering of what the Thompson Block site will look like by the time construction is completed.

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Realtors lament lack of houses to sell as they enter 'prime time'
5/20/2013

As Realtors enter the peak home selling season, Terry Westbrook, president of the Grand Rapids Association of Realtors has one complaint.

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Indianapolis area home sales jump nearly 20 percent
5/20/2013

Sales of existing homes in April surged again in the Indianapolis area. Sales jumped 18.7 percent, to 2,629, from the same month a year ago in the 13-county metro area, the Metropolitan Indianapolis Board of Realtors said.

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MSNBC.com Real Estate

Vacation home sales sizzle; rentals book up 
5/20/2013
In the kitschy community of St. Michaels on the Maryland shore, businesses are gearing up for the official start of the season: Memorial Day weekend. Trucks carrying dozens of bicycles unload into waterside racks and shopkeepers move their brightly-colored wares out onto the sidewalks. For real estate rental agents, though, the heavy lifting is mostly done. The biggest houses are already booked."T...
    


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US home builders feeling fairly upbeat
5/15/2013
U.S. home-builder confidence in the market for single family homes rose in May amid rising home prices despite increasing building materials costs, an index showed on Wednesday.The National Association of Home Builders/Wells Fargo Housing Market index edged up three points to 44, from a downwardly revised 41 in April. Economists in a Reuters survey were expecting a reading of 43. Any number ov...
    


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Mansions in Gatsby country going cheap (relatively) 
5/14/2013
In Jay Gatsby's time, the mansions along Long Island's Gold Coast were famous for their excess and price tags. Now, they're more famous for their price cuts. Hit hard by the recession, the grand estates and megahomes lining the North Shore have seen price cuts of up to 50 percent. Inventory remains high and homes are sitting on the market for an average of six months or more, brokers say. Big...
    


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Celebrity real estate: Jillian Michaels lists LA home
5/14/2013
This week in celebrity real estate, The Biggest Loser's Jillian Michaels listed her Los Angeles home, daughter of Ron Howard, Bryce Dallas Howard sold her house, and it was revealed that Reese Witherspoon bought the home next door to her spread in Brentwood.Jillian Michaels lists LA home in 2.45 millionFor sale: a home literally built on sweat and difficult workouts. Jillian Michaels, the raspy-vo...
    


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Housing's spring bloom 'stuck' because of tight supply
5/10/2013
UPDATED 12:34 p.m. EDT -Like many things in the spring, housing supply is supposed to grow. That is because warmer weather and the convenience for families of moving during the summer make spring the busiest home-buying season historically. That is not the case this year. Home sales have been "stuck," according to Lawrence Yun, chief economist for the National Association of Realtors, because ther...
    


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HUD Newsroom

Basic Environmental Review Training
5/9/2012
HUD Region 8's 2012 edition of the annual, comprehensive, environmental review training course with be offered from June 20-22, 2012 live in Denver. Also via video-conference to the five HUD Region 8 Field Offices. Register online for Basic Environmental Review Training Event Date, June 20, 2012 - June 22, 2012. Details

Housing Choice Voucher (HCV) – Homeownership Option 10 Year Asset Exclusion
1/27/2012
January 27, 2012 HUD published Notice PIH 2012-2 (HA). The notice provides guidance on including the value of a home in net family assets starting in the eleventh year of homeownership under the HCV program. Details

Family Unification Program (FUP) Survey
1/27/2012
On January 27, 2012, HUD published an information collection notice in the Federal Register regarding its intent to conduct a survey for research on the role of FUP vouchers in providing housing for youth aging out of foster care. The comment due date is March 27, 2012. Details

Study of PHA Engagement with Homeless Households
1/25/2012
On January 25, 2012, HUD published a Federal Register notice regarding a study to explore and document how PHAs currently serve and interact with homeless households. The comment due date is February 24, 2012. Details

Family Unification Program (FUP) Application Forms
1/25/2012
On January 25, 2012, HUD published an information collection notice in the Federal Register regarding FUP application forms to be used as part of the HUD SuperNOFA process. The comment due date is February 24, 2012. Details

   
New York Times Real Estate

The Appraisal: Gulliver Seeks Rental: The Newfound Fascination With Tiny Dwellings
5/20/2013
Few are keen to crumple themselves and their belongings into a tiny apartment and call it home, yet the eagerness to explore these spaces seems to spread like a determined little wildfire.
    


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First Rentals: Native New York Style
5/17/2013
College graduates who grew up in New York know what they are up against when they move back.
    


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Currents | Open: Where Did the Kitchen Go?
5/17/2013
Effeti USA’s first showroom opens at the Terminal Stores building, showcasing two new kitchen designs by the Buratti brothers, including one that keeps the ovens and fridge hidden.
    


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Currents | Shows: Two Decades of Blenko Glass
5/17/2013
A show at DDC will offer a retrospective of architectural-scale glass designs by resident artists at the Blenko Glass Company.
    


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City Room: Big Ticket | $29.78 Million for Town-House-Size Living
5/17/2013
An 8,500-square-foot triplex, with seven bedrooms and eight baths, was created by combining two condominium units and was the most expensive residential sale of the week.
    


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Wall Street Journal Real Estate

Green With Ivy in Chicago
A late-1800s home on Chicago's Gold Coast is wrapped in greenery and flanked by tour-worthy gardens. Details

Ackman, Investors in Deal to Buy N.Y. Penthouse
Hedge fund billionaire William Ackman and an investor group are in contract to buy a New York penthouse for over $90 million; Ron Radziner sells his California home for $4.4 million. Details

Can This House Sell for $190 Million?
An eye-popping price tag in Greenwich, Conn., is a new test of the ultra-high-end property market. Details

Artists Aim for the Heights in Jersey City
An arts district approved for a section of Jersey City's Heights neighborhood could spur new development and bring more creative types to an area that is already home to many artists. Details

Prospect Park South Keeps 'Rural Beauty'
Prospect Park South, a landmarked Brooklyn neighborhood of detached houses spread out along gracious tree-lined streets, is drawing more young families priced out of surrounding areas. Details

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