1. The National Association of Realtors reports that sales of single-family homes fell by 13 percent last year, the biggest decline since 1982 [AP]
2. The Bloomberg administration predicts that property transfer tax receipts will fall by 24.2 percent in the next fiscal year [NYO]
3. Congressional leaders say that an economic stimulus package will include an overhaul of the Federal Housing Administration’s mortgage insurance program and an increase in the size of loans that Fannie Mae and Freddie Mac can buy [CQ]
4. Bowery Hotel drops rent on full-floor loft from $40,000 to $30,000 per month [Curbed]
5. Domino Sugar condo project in Williamsburg gets plans ready for Landmark Commission [Curbed]
6. Congestion pricing plan still up for debate [Sun]
7. The Fed’s rate cut could boost the mortgage industry [WSJ]