Sellers Test Housing Market Amid Rising Prices

Inventories in Atlanta were 13.9% above last years level. Other gains were reported in Orlando, Fla. (up 7.1%); Orange County, Calif. (6.9%); Miami (5.1%); Philadelphia (4.2%); and Phoenix (2.8%). Listings stood 23.3% below last years levels in Detroit and were down by 20.1% in Boston, 17.9% in Denver and San Diego, and 14.8% in Dallas. Median asking prices nationally were unchanged from July at $199,900, which represented a 6% increase from a year earlier.
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Public Housing Activists: CHA’s Plan To Purge 47,000 People From Wait List ‘Unacceptable’

At the hearing Wednesday, CHA officials said the MTW plan calls for an additional 220 housing units to be delivered in 2014 through the Real Estate Acquisition Program, the way in which CHA buys and receives units from residential building sellers. Additionally, 302 new project-based voucher units in Chicago will be delivered through the Property Rental Assistance Program , which offers payment contracts to property owners for multiple units. After these 562 housing units are brought online, CHA expects to have 89 percent, or 22,287 units, of property management companies baltimore the Plan for Transformations 25,000-unit target completed by the end of 2014. Even so, Wilson said CHA is still dragging its feet on living up to various promises. CHA said they would be finished with their Plan for Transformation by 2010 and 25,000 replacement units would be built, and its 2013, and they have not done that, he said.
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