Very belated correction: A year ago I pointed out a New York Times article that warned real estate agents against describing an apartment building as “family friendly.” The reason, supposedly, was that you might be perceived as discriminating against childless couples. What I failed to notice was that an official of the Department of Housing and Urban Development wrote to the Times a couple of weeks later saying that in fact there’s nothing wrong with calling a building family friendly. Here’s a link to the letter in the Times. Hat tip to Dave Johnson, a reader of Hot Property who pointed out the NYT letter a couple of days ago.
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.