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Wednesday, February 22, 2012
Latest Affordable Housing News
AP Top Business News

Stocks lower day after Dow's blip above 13,000
2/22/2012
NEW YORK (AP) -- A day after Dow 13,000, investors took a break.... Details

Rising sales point to better year for housing
2/22/2012
WASHINGTON (AP) -- The housing market is flashing signs of health ahead of the spring-buying season.... Details

Obama seeks corporate tax rate cut, loophole limit
2/22/2012
WASHINGTON (AP) -- President Barack Obama on Wednesday proposed a lower corporate tax rate and an end to dozens of loopholes he said helps companies move jobs and profits overseas. "It's not right and it needs to change," he said.... Details

A comparison of corporate tax proposals
2/22/2012
A comparison of corporate tax proposals by President Barack Obama, House Ways and Means Committee Chairman Dave Camp, R-Mich., and GOP presidential hopefuls Mitt Romney, Rick Santorum, Newt Gingrich and Ron Paul:... Details

Fantasy camp for those who love to fly
2/22/2012
ABOARD AMERICAN AIRLINES FLIGHT 9454 (AP) -- Eric Mueller's vacation started when his plane filled with smoke. Soon, people slid down an emergency chute, inflated life vests and climbed into a raft.... Details

Topix Real Estate

Home prices at lowest point in more than 10 years
2/22/2012

Home prices fell to their lowest point in more than a decade in January, which helped to lift the pace of home sales, according to a report from an industry trade group.

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Home sales jump more than 4 percent in January
2/22/2012

Sales of previously occupied homes rose in January to the highest pace in nearly two years, flashing modest signs of health ahead of the spring-buying season.

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Selecting The Right Real Estate Agent
2/22/2012

Selling a home today is not like it used to be back in the middle of this decade.Quite honestly when you needed to sell a home back then it was as easy as convincing a dog that table scraps taste better than what's in his bowl. Boy has the Real Estate landscape changed!

To continue reading see selecting a Real Estate agent. Details

Prominent Real Estate Agent Accused of Fraud
2/22/2012

High profile real estate agent Eric Elegado, his wife Charmagne and seven associates are charged with conspiracy to commit mail and wire fraud, wire fraud, conspiracy to commit money laundering and other charges involving an alleged mortgage loan fraud.

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Local Real Estate Agent, Wife Face Federal Fraud Charges
2/22/2012

A well-known real estate agent with a big presence in the San Diego community is facing accusations of mortgage fraud.

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MSNBC.com Real Estate

Housing market perks up, but prices are still falling
2/22/2012


Though the pace of home sales picked up last month as the economy and job market improved, home prices have yet to show any meaningful turnaround.Though the pace of home sales picked up last month as the economy and job market improved, home prices have yet to show any meaningful turnaround.




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Home sales jump to fastest pace in almost 2 years
2/22/2012

Sales of previously owned homes surged in January to the fastest pace since May 2010 in another sign that the housing market is slowly making some headway against its longest dip since the Great Depression.Sales of previously owned homes surged in January to the fastest pace since May 2010 in another sign that the housing market is slowly making some headway against its longest dip since the Great Depression.




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2/22/2012

John Schoen offers tips on housing, rates
2/22/2012

TODAY Money expert and msnbc.com senior writer John Schoen joined us for a live web chat Wednesday to talk about the housing market. TODAY Money expert and msnbc.com senior writer John Schoen joined us for a live web chat Wednesday to talk about the housing market.




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A space on the mantel: Homes of Oscar nominees
2/22/2012

The movers and shakers of the movie-making industry have checked off most of the red-carpet events this awards' season: Critics' Choice Awards, Screen Actors Guild Awards and Golden Globes. Next up? The granddaddy of 'em all: The Academy Awards.The movers and shakers of the movie-making industry have checked off most of the red-carpet events this awards' season: Critics' Choice Awards, Screen Actors Guild Awards and Golden Globes. Next up? The granddaddy of 'em all: The Academy Awards.




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HUD Newsroom

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

2012-2 Guidance on Public Housing Operating Funds
1/20/2012
On January 20, 2012, HUD published PIH Notice 2012-1 (HA). This Notice describes eligible uses of operating subsidy for PHAs. Details

   
New York Times Real Estate

Where the Secrets Were Kept
2/21/2012
In some New York City homes, tap the walls or peer into the back of a closet, and who knows what you might find. A hidden staircase, a secret passageway, or walls that pivot could lead to unknown territory.

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Big Deal: Big Deal - Brazil Booms, and Brokers Smile
2/21/2012
Well-off Brazilians are flocking to New York, where they are snapping up expensive apartments. And in Miami, they are propping up a moribund market.

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The Hunt: The Hunt | Proud to Be a Renter
2/21/2012
After years of “dumpy apartments,” Jazon Zaler decided he wanted a nice place, which meant recent construction and a doorman building.

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The Appraisal: Not Grumbling About Rent by 2nd Ave. Subway Construction
2/21/2012
On Second Avenue, a new corridor of real estate bargains has opened for those willing to live with the inconveniences of construction.

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Square Feet: In Historic Stamford Town Hall, an Incubator for New Ideas
2/22/2012
Town Hall in Stamford, Conn., will become home to an incubation center — a place where potential entrepreneurs receive access to investors, work space and mentoring.

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Wall Street Journal Real Estate

A Hunter's Ranch House
This hacienda-style ranch house is part of a sprawling development in Okeechobee, Fla., that offers quail hunting and amenities such as a 600-foot zip line across a lake. Details

Existing-Home Sales Rise 4.3%
Sales of previously occupied U.S. homes rose last month to the highest level in more than 1½ years, while the inventory of unsold homes contracted to a level economists consider healthy, positive signs for housing. Details

Should Mortgage Rates Even Be Lower?
According to a key historical measure, rates should be even lower. The wide spread between mortgage rates and mortgage-backed bonds suggests the gears of the banking system are gummed up. Details

Toll Brothers Posts Loss
Toll Brothers reported a quarterly loss as fewer deliveries and increased cancellations weakened revenue, but the home builder said contracts are picking up. Details

Rural Population Stagnates
The nation's rural regions saw much slower population growth over the past decade, reflecting a drop in the number of jobs in these often-isolated areas. Details

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