City unemployment hits 10.3 percent, Paterson proposes $5 billion budget cut … and more

1. Paterson proposes $5 billion budget cut [NYT]
2. City unemployment hits 10.3 percent [NYT]
3. Rumors are swirling that Hempstead’s Lighthouse project may be kaput [Curbed] 

4. A look inside Victoria’s Secret’s new Soho location [Racked]
5. East End homeowner offers up free house in North Haven, turned down by Habitat for Humanity [Curbed]
6. Town of Sleepy Hollow drawing in residents, tourists on Halloween [NYT] 

7. Ponzi-schemer Allen Stanford’s trial delayed by two months [NY Mag]
8. Congress debates homebuyer tax credit extension [CNN Money via Realtor Mag] 

9. Home builders’ bonds surge as optimism spreads [Reuters] 

10. Fed is reportedly divided over how tax credit expiration will affect housing market [Associated Press via Realtor Mag]
11. Homebuyers looking to use tax credit up front in sale [Inman]