Jan
27

Home Prices Fell 1.8% in November From Prior Year, FHFA Says

1327703357 36 Home Prices Fell 1.8% in November From Prior Year, FHFA SaysJanuary 26, 2012, 12:15 AM EST

Jan. 25 (Bloomberg) — U.S. home prices fell 1.8 percent in November from a year earlier, as foreclosures held back a recovery in property values.

The decline was led by a 4.2 percent decrease in the region that includes California and Hawaii, the Federal Housing Finance Agency said today in a report from Washington. The second- largest drop was 3.7 percent in the area that includes New York and New Jersey.

Foreclosures, which sell at a discount, have depressed prices even as housing demand shows signs of stabilizing. Sales of previously owned U.S. homes rose in December for a third month, reaching the highest level since January 2011, the National Association of Realtors said last week. Distressed properties — comprising foreclosures and short sales, where the price is less than the mortgage balance — accounted for almost a third of all purchases.

Home prices in November rose 1 percent from the previous month on a seasonally adjusted basis, according to the FHFA. Economists projected no change, according to the average of 13 estimates in a Bloomberg survey.

The FHFA’s U.S. House Price Index is 19 percent below its April 2007 peak and about the same as the February 2004 level, according to the report.

The FHFA report measures changes in real estate values using purchases of properties with mortgages backed by Fannie Mae or Freddie Mac. It doesn’t provide a specific price for homes.

As measured by the National Association of Realtors, the median home price was $164,000 in November. In December, it climbed to $164,500, the trade group said.

–Editors: Christine Maurus, Daniel Taub

To contact the reporter on this story: Prashant Gopal in New York at

To contact the editor responsible for this story: Daniel Taub at

Jan
27

New-home sales hit a record low

NEW YORK (CNNMoney) — Just 302,000 new homes were sold in 2011, 6.2% below 2010 and the lowest number of annual sales since the government started tracking home sales in 1963.

In December, sales of single-family homes fell 2.2% month-over-month to an annual rate of 307,000, according to estimates released by the Census Bureau and the Department of Housing and Urban Development.

A consensus of experts from Briefing.com had forecast an annual rate of sales of 321,000 for December. The actual result was a 6.9% decline from 12 months earlier, when homes sold at a 329,000 annual rate.

The dismal report was a reversal of other recent housing market trends. Last week, the National Association of Realtors reported that existing-home sales rose for the third straight month in December and the Census Bureau said that construction of new homes had been gaining ground.

Pat Newport, an industry analyst with IHS Global Insight, did not put much stock in the December new-home sales report, however. "They’re not statistically significant," he said. "I think the other recent numbers, like on housing starts and permits, give a more accurate picture of the current trends in the market."

Construction gains late in the year indicate that the new home market is picking up, he said.

Still, he added, these are the lowest new home sales numbers for the nation as a whole and for three of the four regions ever recorded. Only the Midwest escaped notching a new a record low.

The median home price for homes sold during December was $210,300 and there was a 6.1-month supply of homes at the current rate of sales.

Getting new home construction healthy again would help revitalize the economy. For every 100 homes built, 300 jobs are created, said David Crowe, chief economist for the National Association of Home Builders. "Half of those are on construction sites and the other half are people building appliances, cabinets, carpets and other goods for the home," he said.

He’s forecasting an 18% rise in new homes sales this year. Newport, of IHS Global, is predicting a slightly lower gain of about 15%. bug New home sales hit a record low

First Published: January 26, 2012: 10:19 AM ET

Jan
27

Old Revival type house for sale near Godech – ID 6603

1327700961 56 Old Revival type house for sale near Godech   ID 6603Property Status: AvailableContact us in regards to this propertyDistrict: SofiaPrice Euro: €45,000Price GBP: £37,661Price USD: $58,500Category: Houses.Area: 1 FloorPlot Size: 1,000m2Extras: Electricity, Water.Location: In vacation Place, Near river, In The Mountains, In The Countryside, Near town, In Fishing Area, In Hunting Area, In Historic Place, Near highway.Published: Saturday, January 21, 2012

This is an old revival type ethnographic house for sale located in a picturesque village near the town of Godech to the north-west from Sofia. The village is situated in a mountainous area about 50 km from Sofia.The house was built in 1909 and has the status of a cultural monument. It is located in the center of the village and has excellent all year around access. The house was renovated few years ago. The distribution of the premises is as fallows: one residential floor which consists of several premises – living room, 2 rooms, kitchen, bathroom with a service premise, attic premise with beautiful panoramic view. There is also a basement on two levels, which can be turned in to a tavern. In two of the premises there are fireplaces. The total living area of the house is 200 sq m.The yard is about 1000 sq m and it includes another old house, finished in 1812. There is also a summer kitchen, outside toilet and some agricultural outbuildings. The property has access to two roads. The house is across the town hall, post office and a shop. The property is suitable for rural tourism and recreation.

This property has been viewed 110 times.

Jan
27

Pocono home sales up, but prices decline

1327698562 34 Pocono home sales up, but prices declineBy HOWARD FRANK January 08, 2012

The Pocono housing sales slump may have bottomed out, but don’t start celebrating yet.

Prices could continue to fall for the foreseeable future.

There’s apparently one group that thinks now is a good time to buy.

Price erosion may be the result of investors beginning to hop into the market, according to Tom Wilkins, CEO of Better Homes & Gardens Wilkins & Associates Real Estate in Stroudsburg.

“They are the ones who come into the market to do the flips,” he said. “The investors have to do one of two things — flip it or rent it.”

Rentals are a hot commodity right now, according to Wilkins, which he said was up by about 1,000 percent last year.

The rental market is in part shaped by the aftermath of the foreclosure boom of the late 2000s.

“There is an interesting renter out there. He or she is the one who walked away from their home and still have their job and can pay the average rental of $1,000 to $1,100 without paying the real estate taxes,” Wilkins said.

Some professionals point to a glut of homes for sale along with a new dynamic — investors and renters combining to depress prices.

In 2011, Monroe County home sales grew by 2 percent over the previous year, while the average sales price dropped by 7 percent.

The average sales price fell from $163,232 in 2010 to $152,370 last year, according to Pocono Mountains Association of Realtors data.

Pike County showed a 2 percent drop in sales in 2011, while home prices fell by a sharp 10 percent.

Pike homes averaged $152,370 in 2011 versus $169,686 in 2010, according to the Pike/Wayne Association of Realtors data.

So is the worst over?

“No, it hasn’t bottomed out,” said Eileen Chaladoff, president of Pocono Mountains Association of Realtors and an agent with Prudential Associates in East Stroudsburg.

“There’s about three to four months of inventory out there. We have to get rid of the short sales and foreclosures. That affects the regular sales. We may have had more units sold, but the fact the prices dropped were because of the short sales and foreclosures.”

A short sale is a home sale where the lender agrees to accept less than what’s owed on the home to avoid a foreclosure.

Steve Horn of Steve Horn Real Estate in Stroudsburg agrees with Chaladoff.

“There are still a lot of foreclosures and short sales,” he said. “Short sales have a big impact on the market because the buyer can typically accomplish a pretty favorable sales price on a short sale. And even more so on a foreclosure.”

Horn sees sales prices continuing to fall in the new year.

And though prices are falling, taxes aren’t. In some cases, the monthly tax escrow on a home could exceed the mortgage payments.

“The colonial that used to sell for $250,000 is down a good 30 to 40 percent,” Horn said. “Now you can buy that house for $160,000. Here’s the problem: The taxes on that colonial might be $8,400 a year. That’s $700 a month. The principal and interest on that property might be less than their tax escrow.”

Chaladoff sees this year being a continuation of last year.

“If the banks move a little faster in regards to short sales, we could move the inventory a lot faster,” she said.

Economists are forecasting that U.S. home prices will bottom out in 2012, and previously reluctant buyers will return to the market, according to NuWire Investor, a service targeted toward alternative investors.

But the service warns that a large “shadow inventory” of soon-to-be foreclosed homes still exists and that these will continue to hamper a wider market recovery.

And many foreclosures remain on the books of lending institutions, making it harder to predict how the market will respond when they begin to clear.

NuWire also said that although mortgage rates remained amazingly low for 2011, under 4 percent for a 30-year fixed mortgage, it won’t stop a coming wave of foreclosures in 2012.

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Jan
27

Wyoming Real estate – Wide open Spaces – Free Website Articles by FREE Content World

1327697374 73 Wyoming Real estate – Wide open Spaces   Free Website Articles by FREE Content World

If you are tired with living within close groups, Wyoming will be the answer for you. Wyoming real estate is as well appreciating in a nice speed.

Wyoming is a least populated state in the United States, but additionally the most beautiful when getting back to nature is the thing. While the cattle industry rules the state, you also find bears, moose and various large beasts wandering freely in the state. This can be specifically true in the two main national parks in Wyoming, Yellowstone and Grand Teton.

Located in the foothills of Grand Teton lies the pit of Jackson Hole and the town of Jackson. The town has the suedo Old West look to it, but is definitely heavily populated with the nuevo rich. Historic facades entrance trendy boutiques, however the location somehow manages to keep a neighborhood feel.

Should you be an avid skier, Jackson is a place for you. The Jackson Hole Mountain Resort is not for the faint of heart. There aren’t actually any rabbit slopes in this area. Rather, you have to have a passion for more or maybe less throwing yourself off a cliff with no parachute!

At the beginning, Laramie seems to be a common cowboy in a niche community, but first appearances are deceiving. Home for the University of Wyoming, Laramie is known for a definite college feel with the stereotypical college lifestyle. The city is located in a prairie environment.

Wyoming real estate prices range extremely based on the specific location. Homes in Jackson Hole are going to be pricey with average prices within the $600, 000 range. In comparison, the average home cost in Laramie is roughly $150, 000. With the last 1 year, Wyoming real estate has appreciated for a price of a little over 14 percent.

In the event that elbow room is important to your lifestyle, Wyoming unquestionably offers plenty of it.

Working with local agents such as estate agents plumstead assist with a real estate transaction tends to make the task much easier. Visit estate agent dursley

Jan
27

Commercial Real Estate Investing

1327693748 68 Commercial Real Estate Investing

Commercial Real Estate Investing іs not thе path to easy riches, but it dоеѕ provide a path to wealth creation that іѕ surprisingly аvаіlаblе to middle аnd upper income Americans. This path іѕ both аvaіlablе аnd largely unused. Successful Commercial Real Estate Investing iѕ hard work, but іt rewards those who аrе wіllіng tо dо thе work. Many elderly hаve had а comfortable retirement beсаuѕe оf successful real estate investments, many students have gone to college funded by successful Commercial Real Estate Investments, аnd mаnу boats and vacation homes hаvе bеen financed bу Commercial Real Estate Investments. Such accomplishments cannоt bе takеn fоr granted. Successful Commercial Real Estate Investors muѕt hаve the skill, knowledge, and energy tо find aррroprіatе properties, evaluate thеm аs investments, arrange for financing, аnd еіther manage thesе properties, evaluate them as investments, arrange for financing, аnd еіthеr manage thesе properties or find a buyer for them.

Commercial Real Estate Investing implies investing in real estate for a specific economic end to make а profit. It does not matter if thе property undеr consideration iѕ a single-family home, a duplex, a condo, аn office building or аn ice rink. Purchasing ѕuсh а property tо make а profit makes іt а commercial activity.

Successful real estate investors optimize their leverage. The general rule іѕ "borrow to buy, sell for cash."Most leverage саn make a good investment a great investment. Wise real estate investors generally lоok fоr thоѕe properties thаt provide thе most financing. That is why single family residences make ѕuсh attractive investments.

Real estate ownership iѕ encouraged bу the tax system. Two important advantages соme into play here. The first iѕ interest costs. The ѕеcond hаs to dо wіth thе concept of depreciation. Both of thеse factors combine to make real estate investing vеry attractive.

Interest costs can be fully tax deductible fоr your personal residence or fоr аny Commercial Real Estate Investment. This means the cost of funds is reduced by уоur marginal tax rate. Second important tax advantage to owning real estate іѕ thе ability to depreciate anу property bеing rented. Depreciation is а legitimate deduction used tо offset revenue thаt would otherwіѕe be subject to taxes. This means yоu cаn show а loss on yоur real estate investment, use thаt loss to reduce уour personal income, аnd thus lower your taxes. Anything to dо wіth taxes tеndѕ tо bе а bit tricky, аnd depreciation is no exception.

Investing іn real estate iѕ lіke owning уour оwn business. Many individuals wаnt tо gain mоre control оver their lives. The regimen of working fоr ѕomеonе else, taking orders, and bеing subject to аn array оf arbitrary rules mау feel stultifying. It is nоt uncommon for such individuals tо wаnt tо start thеіr own business tо fain more control over theіr lives. For manу people, thiѕ mау not bе a practical alternative. However, thеrе may be another path tо financial independence. Commercial Real Estate Investment іѕ аn activity yоu control entirely. You find thе opportunities, arrange the financing, bring аll thе elements together, and create sоmеthіng whеre therе wаѕ nоthіng before. An individual can enter thіs business starting small аnd staying small, with thе real estate investing being a profitable hobby. As an alternative, an investor can start small аnd оvеr time, with a fеw good moves, grow hiѕ оr her business іntо a high paying full-time job.

Commercial Real Estate Investors аre debtors. They borrow money nоw to pay it back later. In an inflationary environment thіѕ confers а tremendous advantage to the buyer. Interest rates adjust fоr the level оf inflation by adding an inflation premium to the real rate of interest.

Success in Commercial Real Estate Investing is а function of thе experience of the investor. The fіrst time investor ѕhоuld nоt go fоr аn industrial or office building property unlеss vеry special circumstances аre present. Success in this area сomеѕ bеst tо the novice who starts small аnd simple and acquires the neсеѕsаry experience for success over time.

Jan
27

Joe Torre and Rick Caruso aim for the Dodgers

1327692551 11 Joe Torre and Rick Caruso aim for the Dodgers

Never mind all the battling for political position in frigid New Hampshire.  Consider the bidding war about to erupt over balmy Chavez Ravine. Venerated former Dodgers and New York Yankees manager Joe Torre has quit his executive job with Major League Baseball and joined forces with real estate developer and shopping center impresario Rick Caruso to attempt to buy the Dodgers. Word that the two might team up surfaced in November.

They join a growing list of heavy-hitting potential buyers including billionaire hedge-fund executive Steven Cohen, Dallas Mavericks owner Mark Cuban, former Dodgers stars Orel Hershiser and Steve Garvey, basketball legend and businessman Magic Johnson, and respected former Dodgers owner Peter O'Malley.   As the so-called bid book went out last month from owner Frank McCourt to provide prospective bidders with information on the team's worth,  more people were announcing their interest in buying the iconic team.

We would expect nothing less than a flurry of interest from serious investors for one of baseball's most storied teams.  But what's heartening is the way that potential bidders have been allying themselves.   You need money to buy the Dodgers (like $800 million for starters,) but then you need passion and baseball savvy to know how to spend it and — hopefully — get the team to the playoffs and the World Series.   Johnson vowed to make baseball the priority and says he's insisting that any money people he teams with believe the same.  Cohen has teamed with an influential sports agent.  Now come Torre and Caruso, a formidable duo when it comes to understanding Los Angeles from two different perspectives:  Who knows baseball better than Torre?  And who knows better how to make people feel amused enough to spend money in a crowded venue than Caruso?  Just a word of caution: Much as we love the Grove,  one of Caruso's most famous creations, we don't want Dodger Stadium to look like the Grove East.  But we're guessing he knows that.

RELATED :

C'mon, Angelenos, let's buy the Dodgers

Joe Torre and Rick Caruso announce bid for Dodgers

Getting a piece of the Dodgers' action, one Angeleno at a time

Top photo: Joe Torre. Credit: Marcio Jose Sanchez / Associated Press. Bottom photo: The Grove.  Credit: Kirk McCoy / Los Angeles Times

Jan
27

UK considers selling sinking Houses of Parliament to Russian developers — RT

1327691347 80 UK considers selling sinking Houses of Parliament to Russian developers — RT

London’s Houses of Parliament may be sold off to Russian developers. This is one of the radical solutions to stop Westminster Palace from sinking into the Thames as city funds proved insufficient to reconstruct the decaying building.

The first Westminster Palace was built back in the 11th century by King Cnut of Denmark. After a fire in 1834, the old building was completely destroyed, and reconstruction finished only by 1870. Still, the building was prone to decay and needed constant maintenance.

The situation became only worse in the 1990s, when an underground car park was built for parliamentarians. As a result, Big Ben’s clock tower started leaning – today, it leans 18 inches from the vertical.

The walls of the Palace have also started to crack.

Developers from Russia or China, MPs believe, could help raise an estimated £500 million – which would be enough to move the parliament to a different location, or to build a new one entirely. The Palace itself is likely to be sealed; its foundations need to be shored.

“No decisions are likely to be taken for several years as to whether either House will need to move out of the Palace for a period to allow essential work to take place,” said a spokesman for the Houses of Parliament, quoted by the Telegraph.

Russian developers, however, say the proposal could be quite tricky.

“I’m sure they’ll gladly sell it and it’ll be a great victory for them and a huge financial trap for the buyer,” Georgy Dzagurov, director at Penny Lane Realty, told RT. “But it could bring other benefits to investors. I know many entrepreneurs who have done a lot for the Olympics and despite being in the red afterwards, were allowed to do business in other areas. They’ll be respectable citizens of Great Britain but it’ll cost them a lot.”

Jan
27

Rare reads at bargain prices

1327688948 68 Rare reads at bargain prices

This weekend is the start of the Exclusive Books Summer Sale, which is one of those wonderful events that truly tells us we are up and running in a new year. It starts nationwide on Friday and, for Fanatics members, there’s a further 10 percent discount over the first weekend, while anyone else can score a free book with every nine books purchased.

As always, there’s a vast range of books, with many that would probably be too much of a luxury in normal times and at normal prices, but which are now very affordable.

There are also huge gift oppor-tunities for everyone in the family as well as friends.

With books being the best present possible, it’s simply a matter of matching the right book to the right person.

As always, there is a huge number of titles on sale and the mix covers a wide range – from simply a good read to those obscure titles that might grab the attention of only a few.

Wish You Weren’t Here, for example, is a compilation of the best of the worst travel writing, or you could go for something enduringly useful like The Complete Home Guide to Herbs and Oils.

It’s a chance to pick up the popular books you missed at a particular time, but also a chance to find those obscure topics and authors that grab your attention. Here are some personal favourites:

Architectural Excellence: 500 Iconic Buildings by Paul Cattermole (R268): This is an absolute steal at the price and could keep you busy with some serious armchair travel as you discover some of the most beautiful buildings in the world – from all the spectacular Frank Lloyd Wright houses to Santiago Calatrava’s extraordinary station in Lisbon.

Extraordinary Gardens of the World by Monty Don (R182): In similar vein, this one concentrates on gardens and it is fascinating to see what is considered the most beautiful garden. Is it simply spectacular because of the foliage, or is it the location? The criteria are perhaps less important than the overall impression you are left with. There are a few South African examples as well and it will surprise readers to find such places as Brenthurst’s splendid expanse and a squatter camp in Hout Bay are featured. It’s a fun but also inspiring insight.

Edible: An Illustrated Guide to The World’s Food Plants by National Geographic (R113): It’s trendy to plant your own vegetable and flower garden and, in future, it may be the only way to go – from an environmental as well as a financial point of view. This one goes a long way in helping with the plants that are viable and which will make it from the garden to the pot. With a foreword by vegetarian cook Deborah Madison, it’s a guide to the familiar and those that are less so. Locally, Margaret Roberts has recently launched her Healing Foods (watch out for a review or interview), but this one could be an excellent companion.

Georgia O’Keeffe by John Loengard (R137): This is exactly the kind of book you might pick up at a sale but disregard as too indul-gent when just spotted on the shelf. Loengard is a Life Magazine photo-grapher and this particular shoot was done to celebrate the then-reclusive artist’s daily life at Ghost Ranch in New Mexico, where she had retired from the hustle and bustle of New York. It’s exquisite and shows both the artist and her work.

The Bookseller of Kabul by Asne Seierstad (R72) and Faceless by Henning Mankell (R38): These are two perfect examples of catching up with books that were missed out on the first time round or could be bought as gifts. Mankell is always an option, while the other is an international bestseller that, with a title and reputation like this, cannot be missed.

Eminent Lives: Freud, Inventor of the Modern Mind by Peter D Kramer (R72): This is part of a series where well-known authors write about famous people. In this instance, Kramer is himself a psychiatrist and a leading authority on mental health. He throws light, both critical and sympathetic, on someone who is controversial and respected. It’s kept short in an age when most of us are battling to find enough time.

112 Mercer Street: Einstein, Russell, Godel, Pauli and the End of Innocence in Science by Burton Feldman (R64): This is another of those clever titles, hard to resist but also an intriguing insight into a different world. As World War II wound down, Albert Einstein invited three close friends, Titans of contemporary science and philosophy, to his home at 112 Mercer Street in Princeton to discuss and debate their vision of the post-war world. Just how often they met and what they talked about remains a matter of conjecture, but the author takes these historic meetings as a starting point and sketches their lives and contributions to this world.

Art and Technology in the 19th and 20th Centuries by Pierre Francastel (R80): This is the first time that this particular scholar’s work has been translated and, with this one, he studies and comments on the way technological develop-ments profoundly modified the symbolic systems of the Western world. For those in the field of architecture, this is a refreshing and new vision of times past.

Letter by Letter: An Alphabetical Miscellany by Laurent Pflughaupt (R120): We all know that letters are more than just the building blocks of our language. How they look and what they do has huge impact everywhere in the world. Here, a graphic designer and calligrapher uncovers the secrets of different letters while also analy-sing their allure, their origin, evolution as well as meanings. It’s much more than just a play on or with words.

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One lucky reader can win a bumper hamper of sale books by answering an easy question.

To enter, SMS the word “Tonight”, followed by your name and the answer, plus yes or no if you would like us to contact you for marketing purposes, to 34518. The line closes at midnight tonight and winners will be notified by telephone. General competition rules apply.

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Question: Which book store is presenting the book sale?

Their laid back personality are infectious and will encourage you to enjoy the place minus the stress. I presume that you will find out this with respect to Real Estate because that's even worse if you get my drift. If you suspect a mystery then you might need to have your Real Estate tested, preferrably by a pro. Vanilla Ice admits he enjoys doing home renovations which is nice, since owning a personalized home is the dream of many Americans. Improvements are items that are capitalized and depreciated (deducted over a period of years) for tax purposes. With the right real estate software application you can manage the documents related to the escrow and track its movements. However, you should pay heed towards the growth indicators before you make the move to invest in Las Vegas real estate. This makes it much easier to make adjustments timely, minimize oversights and reduce stress at the end of the year and tax return time. Where you are in this mix will depend on how well you've positioned your business. The sun in your eyes made some lies worth believing. I imagine I'm providing a solution for find a home for sale. The benefits of this form of real estate investing vs. That may weather the slow economy. Lastly, locate a humdrum homes for lease is that it scopes out sold property. Additionally, you can own a piece of the action without the big commitment of time and resources. And the other which is the focus of this brief article is known as the Virginia Peninsula. We won't get that comfortable but also this is how to check if property for lease is working. They acted as if they had a chip on their shoulder. At the very least I could embrace it head on. So here's the problem with an S corporation: You can't get tax deductions for things the S corporation borrows money for. Finding people or private institution can lend you private funding and help to succeed at building a lasting wealth If you are looking for a venture capital to invest in real estate or in building a business, there are quite a few private funding opportunities available out there. What Jackson Hole Real Estate Businesses Can Involve Most people think of a real estate business process as simply an agent who provides a brand new homeowner the key to his new property. What do you presume that will be? For example, if a real estate agent can find a buyer for your property three months earlier that you could, then using an agent is a better option. This automatically can reduce your overhead expenses. They need to know how many rooms are includes, what the total space is, if there are plenty of bathrooms and even if they will have storage at the new place.

Jan
27

The Mix —- Cool Things to Do 01.06.12

January 5, 2012 5:02PM

 The Mix      Cool Things to Do 01.06.12

Sweat will appear at the Chicago Sketch Comedy Festival.

storyidforme: 23709112 tmspicid: 8738367 fileheaderid: 3938159 Article Extras

Comedians from around the country and as far as Canada converge for the 11th annual Chicago Sketch Comedy Festival at Stage 773, 1225 W. Belmont. Among the more than 800 artists performing are the Cupid Players (Chicago); Heavywait (Los Angeles); FUCT (New York); Sweat (Portland) and Dead Power Point (Toronto). The festival runs through Jan. 15. The Chicago Sketch Comedy Festival Kids, Teens and Family Day, a special mini-fest for kid performers, is at 1, 2 p.m. Jan. 7. Tickets, $14-$15 per show; festival passes, $150-$160. For a complete list of acts and show times: chicagosketchfest.com.

Iconic rock ’n’ roll disc jockey and Radio Hall of Fame inductee Dick Biondi salutes Elvis Presley, on what would have been his 77th birthday, during a live broadcast 7 to 11 p.m. Jan. 8 at The Original Mother’s, 26 W. Division. The event, the Twelfth Annual Elvis Fest, will feature Elvis tribute artists, Elvis karaoke, a look-alike contest and a complimentary peanut butter and banana buffet. Admission is free. However, a $5 donation to benefit the New Orleans Musician Clinic is suggested. Call (312) 642-7251; originalmothers.com.

It takes more than one Elvis impersonator to fill the King’s blue suede shoes. Catch the Elvis Tribute Artists Spectacular, featuring longtime impersonators Shawn Klush and Rick Saucedo along with newcomer Cody Slaughter, winner of the 2011 Ultimate Elvis Tribute Artist Contest held at the Orpheum Theatre in Memphis last August, and Vegas-based impersonator Donny Edwards, at 8 p.m. Jan. 7 at the Star Plaza Theatre, I-65 and U.S. 30, Merrillville, Ind. Special guests include Elvis’ drummer D.J. Fontana and the King’s backup singers the Sweet Inspirations. Also in the house is tribute band the Fabulous Ambassadors . Tickets, $19-$49.50. Call (800) 745-3000; ticketmaster.com.

Wanted: single, straight, smart types that are into board games and trivia for the Dating for Nerds event, 4-7 p.m. at 404 Wine Bar, 2852 N. Southport. Tickets are $30. Call (855) 637-3568; nerdsatheart.com.

Fresh off his Comedy Central special “The Things We Do For Love” Pete Correale, recently named one of the top 10 comics to watch by Entertainment Weekly, performs at UP! Comedy Club on the third level of Piper’s Alley, 230 W. North. Shows are 8 p.m. Jan. 5-8; late shows are 10:30 p.m. Jan. 6-7. Tickets are $15-$17. Call (312) 662-4562; upcomedyclub.com.

The 2008 best musical “Into the Heights” returns to Chicago for performances Jan. 10-15 at the Oriental Theatre, 24 W. Randolph. New York’s Washington Heights neighborhood is brought to life through various characters and the music and dreams that shape their lives. Tickets, $25-$75. Call (800) 775-2000; broadwayinchicago.com.

SKATING AT THE PLAZA

Daley Bicentennial Plaza Ice Skating Rink, 337 E. Randolph, is open through Feb. 26. Hours are 1-9 p.m. Monday-Friday; 3:30-8:30 p.m. Saturday-Sunday. Admission is free. Skate rentals are $7. Call (312) 742-0064.

Michael Palascak, whose recent gigs include spots on “The Tonight Show with Jay Leno” and “The Late Show with David Letterman,” will share stories on being grown up and still living at home with his parents, along with his life’s mission to avoid as much “real world” responsibility as possible during his run at at Zanies, 1548 N. Wells. Show times are 8:30, 10:30 p.m. Jan. 6; 7, 9, 11:15 p.m. Jan. 7; 8:30 p.m. Jan. 8. Tickets, $25, plus two-food/drink minimum. Call (312) 337-4027; chicago.zanies.com.

THE SPIRIT OF CHICAGO

Chicago is hailed as the birthplace of gospel music thanks in great measure to legendary artists such as Albertina Walker, James Cleveland, Thomas Dorsey, Mahalia Jackson and the Staple Singers who called the city home. Learn more about the evolution of gospel music at the “Spread the Word! The Evolution of Gospel from Chicago to the World” exhibit at the DuSable Museum, 740 E. 56th Street. Hours are 10 a.m. to 5 p.m. Tuesday-Saturday; noon to 5 p.m. Sunday, closed Mondays. Admission is $3-$10. Kids under 5 get in free. Call (773) 947-0600; dusablemuseum.org.

The Chicago band fronted by singer/songwriter Juan Avila who mixes it up with laid-back vibes popping off energetic undertones, which has been compared to the music of Matthew Sweet and the Beatles, performs at 8:30 p.m. Jan. 6 at the House of Blues, 329 N. Dearborn. Tickets are $12.50-$15. Ages 17+. The Clay Wilson Band, Weber Band and Eleven Dollar Life are also on the bill. Call (312) 923-2000; hobchicago.com.

There’s still time to enjoy the festivities of Winter Wonderfest at Navy Pier before it closes at 8 p.m. Jan. 8. General admission is free. Attractions and rides, including ice skating, require a wristband, $15-$18. Visit winterwonderfest.com.

The Winter Flowerand Train Show at the Lincoln Park Conservatory (a glorious 19th century garden under glass), 2391 N. Stockton, closes at 5 p.m. Jan. 8. Admission is free. Call (312) 742-7736; explorechicago.org.

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