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‘Real Housewife’ Teresa Giudice’s Auction Goes Global |
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| There was so much interest in the auction of the belongings of Real Housewife Teresa Giudice, the auctioneer has opened up bidding online.
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‘Free Stimulus’ via Refinancing, Debate Grows |
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| Some argue that refinancing is a slam-dunk economic stimulus.
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Hooters Expanding, Seeks New Locations In Turkey, India, Japan |
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| Hooters is looking to bring its “delightfully tacky yet unrefined” dining experience to Turkey, India and Japan.
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Paulson: Revamp Homeownership Policy, After Market Stabilizes |
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| Once the housing market is stabilized, the federal government should dial down its support for policies that promote homeownership over other investments, writes former Treasury Secretary Hank Paulson.
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Feds Not Impressed by Vegas Builder’s Generous Incentives |
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| Federal authorities accused a Las Vegas home builder on Wednesday of defrauding lenders by inflating home prices.
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Fighting Foreclosure with Cornbread |
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| A Georgia woman hopes she can sell enough cornbread to buy her house out of foreclosure.
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Real Estate News: More Record Lows for Mortgages |
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| Here is a look at real-estate news in today's WSJ:
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Volcker: Fannie and Freddie ‘Need to Go’ |
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| Fed Reserve Chairman Paul Volcker says Fannie and Freddie "need to go," and says the mortgage market needs to be reconstructed.
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Long Island: Nice Place To Build, If You Dare |
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| Long Island, N.Y. is known for a contradictory mix of things, from beautiful beaches to hideous strip malls. Here's something else: It's possibly the toughest market in the country for apartment development.
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Popular ‘Zero Down’ Mortgage Program Makes Comeback |
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| One of the nation's last sources of zero down financing for home loans appears to be making a comeback.
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Real Estate News: California’s Building Bust Choking Off Jobs |
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| Here is a look at real-estate news in today's WSJ:
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More Homeowners Putting in Cash to Refinance |
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| Second quarter data from Freddie Mac, the mortgage investor, released Wednesday confirms a trend of “cash-in” refinancings.
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Bad Bet: Pinnacle Cuts Its Losses on Atlantic City |
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| After its losing bet on Atlantic City, Pinnacle Entertainment is giving up its plan to build a Las Vegas style resort on the city's storied boardwalk.
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Low Mortgage Rates Leave Buyers Unmotivated |
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| Mortgage rates are low. Very low. But so is buyer interest.
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Gothic Decor: Buyer Turn-Off or Enticement? |
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| The unique Gothic decor at this Austin home could spook buyers.
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Real Estate News: Home Prices Rise, But Expectations Fall |
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| Here is a look at real-estate news in today's WSJ:
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Teresa Giudice Auction: Live Like a ‘Real Housewife’ |
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| Bidders will soon get the chance to live just like a Real Housewife.
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Real Estate News: Supply of Homes Set to Grow |
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| Here is a look at real-estate news in today's WSJ:
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The Threat of ‘Sidelined’ Home Sellers |
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| Will a flood of home sellers topple the housing market's new-found stability?
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Report: Foreclosures Reduce Home Values by 27% |
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| On average, foreclosures reduce the value of a house by 27%, says a new paper from an economist at the Massachusetts Institute of Technology and researchers at Harvard University.
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Financial Overhaul Includes $1 Billion in Mortgage Aid for Unemployed |
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| The bill allocates $1 billion for borrowers who could normally afford their payments but have fallen behind due to unemployment.
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Mortgage Delinquencies Fall in June, Still Near Record Highs |
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| After rising in May, the rate of mortgage delinquencies and foreclosures fell in June.
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Real Estate News: Investors Sink More Cash Into Housing |
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| Here is a look at real-estate news in today's WSJ:
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HUD Warns Lenders on Discrimination of Expectant Mothers |
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| The U.S. Department of Housing and Urban Development will initiate an investigation of mortgage lenders that discriminate against potential borrowers who are pregnant or experiencing a short term disability, following a report by the New York Times that spotlighted the practice.
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Government Mortgage Mods: Failure, or Just Flawed? |
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| A series of data and reports this week begs the question: Has the Obama administration’s signature effort to help prevent foreclosures been a total flop—or just a partial one?
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Ranieri: Mortgage Securities Didn’t Cause Housing Crash |
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| Lewis Ranieri, the father of mortgage securitization, wants people to know his creation isn't to blame for the housing crash.
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Jamie Dimon’s Chicago House: Old Listing, New Interest |
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| It might not be fresh to the market, but the listing for JP Morgan CEO Jamie Dimon's Chicago house is getting plenty of new attention.
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Real-Estate News: Loan Mod Mishaps, Homes with Tennis Courts |
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| Here's a look at real-estate news in today's WSJ:
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For Bakersfield Builder, Rentals Are ‘Cutting-Edge’ Solution |
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| The housing crash has forced a California land developer to don a different hat: Landlord.
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Real Estate News: Home Resales Fall, Bay Area’s Uneven Recovery |
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| Here is a look at real-estate news in today's WSJ:
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Awful Real-Estate Listing Photos: How Not to Take Them |
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| With the market in a post tax-credit slump, you'd think home sellers would be bringing their A-game in trying to unload their property. But a search through some recent home listings reveals some pretty horrid house photos.
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Economists Take Gloomier Views of Housing Market |
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| Housing analysts are taking a dimmer view of the outlook for U.S. home prices amid signs of weaker demand.
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Primary Sources: Washington Investigates Retirement Communities |
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| Developers aggressively built continuing-care retirement communities, or CCRCs during the boom, and concerns have mounted over what happens to residents when CCRCs run into financial distress. You can now view two reports that cast light on some of the risks to the retirees who sign up for these communities.
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Zandi on Housing: ‘Stop Subsidizing Housing Industry with Tax Deductions’ |
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| Moody's Analytics Chief Economist Mark Zandi has some bold advice for the housing industry: It should push to limit the mortgage interest and property tax deductions that have helped to fuel U.S. home sales for decades.
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Builders: Consumers Too Gloomy To Buy Houses |
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| Homebuilders say sales are slow because consumers are gloomy, about the economy, the president and the Gulf Oil Spill, among other concerns.
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Dentists Drill Into the Distressed Property Biz |
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| It isn't just professional investors who are looking for distressed properties. Doctors and dentists are getting into the act.
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Bad News for U.K. Commercial Property |
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| The U.K. commercial property market appears to be losing steam. People who care about U.S. real estate should take note.
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Mortgage Rates Fall to 4.59%, Enough To Move Demand |
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| Record low mortgage rates spurred an uptick in new-purchase mortgage applications last week for just the second time in the past two months, while more Americans also applied to refinance, according to the Mortgage Bankers Association.
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Real Estate News: Housing Stalls, Japanese Castle Hits Market, ‘Mad Men’ Style |
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| Here's a look at real-estate news in today's WSJ:
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Cosmopolitan Confusion: Vegas Condos Converted to Hotel Rooms…Maybe |
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| Plenty of people fight to escape of condo deals inked at the housing boom's sky-high prices, but the battle over condo units at one Las Vegas development has gotten pretty surreal.
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Lowest Level of Housing Activity Since WW II |
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| Analysts reacted largely negatively to Tuesday’s starts numbers. Here’s what Street-watchers are saying:
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Solving Haiti’s Housing Problems with Old Tires, Bottles |
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| Architect Michael Reynolds thinks he has an answer for rebuilding in post-earthquake Haiti: earthships, eco-friendly homes built out of waste materials.
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Real Estate News: Housing Starts Decline, Morgan Stanley Ponders Property |
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| Here is a look at real-estate news in today's WSJ:
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Why Housing Data Are Misleading: The Tax Credit Angle |
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| The question at issue: Did the tax credit bring new buyers into the market? One economist says no.
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Moody’s: Commercial Real Estate Prices Rise in May |
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| In another sign the national commercial property market is on the mend from a brutal downturn, U.S. commercial real estate prices rose increased 3.6% in May.
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Housing: Right Back Where We Started? |
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| These days, it seems like everyone, from the analysts to the big builders, is talking about how July 2010 looks a whole lot like April 2009, when the market was just emerging from the darkest days of the financial meltdown.
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Real Estate News: Waiting for Beijing to Turn Real Estate Around |
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How Financial Overhaul Changes the Mortgage Market |
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| The financial-regulatory overhaul promises some big changes concerning how Americans go about getting a mortgage.
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Real Estate News: Mortgage Rates Are Mostly Flat |
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| Here is a look at real-estate news in today's WSJ:
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Cost of FHA Mortgage Set to Rise for Some |
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| The costs of getting a mortgage backed by the Federal Housing Administration are about to go up for some home buyers.
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Trouble Ahead? Housing Inventory Rises in Many Markets in June |
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| The number of homes listed for sale grew in many U.S. cities in June, a month that typically brings a slowdown in listings.
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Need to Sell Your House? Cut the Price |
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| Home sellers learned a painful lesson in June: if you want to sell right now, lower the price.
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Real Estate News: California Files Suit Against Fannie, Freddie |
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| Here is a look at real-estate news in today's WSJ:
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Home Builder Stocks: In the Canoe, the Deflated Raft or the Double-Dip? |
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| Are homebuilders beginning to feel the effects of the so-called double-dip recession?
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Real Estate News: Mortgage Applications Tumble |
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| Here is a look at real-estate news in today's WSJ:
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Survey: Few Homeowners Have Buyer’s Remorse |
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| Hey homeowners, do you regret buying your house?
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Real Estate News: Homeowners vs. Home-Loan Buyers |
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| Here is a look at real-estate news in today's WSJ:
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Elegant Home, Price Slashed…Tainted Chinese Drywall Included |
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| Realtors in Williamsburg, Va. are taking caveat emptor to a whole new level.
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Real Estate News: Limbaugh Condo Sale, Jones Lang Inks Mall Deal |
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| Here is a look at real-estate news in today's WSJ:
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Bella and Edward Who? Real-Estate Tycoon Deconstructs ‘Twilight’ |
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| Real-estate mogul Tom Barrack opines on the pop-culture teen vampire phenomenon.
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Real Estate News: Mortgage Rates Hit New Low |
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| Here is a look at real-estate news in today's WSJ
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Real Estate News: Apartment Vacancies Fall, Rents Rise |
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| Here is a look at real-estate news in today's WSJ.
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German Real-Estate Fund Tests Washington Office Market |
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| KanAm Grund, a German real estate fund, is testing the high-end market for the nation’s capital again.
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Real Estate News: Home-Efficiency Program Takes Hit |
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| Here is a look at real-estate news in today's WSJ
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Which Builders Have the Biggest Gulf Coast Exposures? |
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| A new report looks at how the public homebuilders could be exposed to the Gulf Coast oil spill.
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Signs of Improvement Are Fleeting for Mortgage Delinquencies |
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| Mortgage delinquencies may be hitting a plateau rather than declining, according to data from LPS Applied Analytics.
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Real Estate News: Office Vacancy Rate Keeps Climbing |
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| A daily roundup of real-estate news in today's WSJ.
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Real Estate News: Mortgage Rates Drop to Record Lows |
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| Here is a look at real-estate news in today's WSJ.
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Congress Extends Flood Insurance Program As Hurricane Hits Gulf |
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| Congress passed a measure to reauthorize the flood insurance program through Sept. 30.
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Mel Gibson Unloads Greenwich Estate At Discount |
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| "Braveheart" star Mel Gibson sold his 75-acre Greenwich estate for about 40% less than the initial asking price.
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Brokers Mobilize Against Proposed Mortgage Rules |
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| Mortgage brokers are fighting new mortgage lending rules aimed at preventing another debacle.
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Mortgage Rates Plunge to 4.58%, But Housing Looks Weak |
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| Mortgage rates have fallen to their lowest levels of the last 50 years, and yet signed home-purchase contracts plunged by 30% in May from April.
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Real Estate News: China News Agency Nears Times Square |
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| Here is a look at real-estate news in today's WSJ:
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Congress Approves Tax Credit Closing Deadline Extension |
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| Congress approved late Wednesday an extension to the June 30 closing deadline for the home buyer tax credit, hours before it was set to expire.
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Golden State: Builder Raises Cash With Eye on California Recovery |
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| In this post-crash world, digging up $100 million for a home builder is not an easy task.
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Real Estate News: Chinese Bank Makes Foray Into U.S. |
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| A daily round-up of real-estate news in today's WSJ.
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Builder Price Cuts Could Delay Sector’s Recovery |
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| Builder Lennar Corp. recently cut some Las Vegas prices more than 15%, but that isn't enough to encourage buyers.
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Should Lenders Go After Borrowers Who ‘Walk Away’? |
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| Fannie Mae's announcement that it would seek tougher penalties against borrowers who default on mortgages that they can afford to pay has sparked a range of reactions.
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Will Congress Extend the Tax Credit Closing Deadline? |
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| The House of Representatives voted on Tuesday to extend by three months the closing deadline for the home buyer tax credit, setting the stage for a possible last-minute reprieve with Wednesday’s deadline looming.
The extension of the tax credit worth up to $8,000 isn’t a “sure thing” yet. The Senate still needs to pass the House measure, and President Obama would have to sign it into law.
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Real Estate News: A Look at Case-Shiller, by Metro Area (June Update) |
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| Here is a look at real-estate news in today's WSJ.
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Congress Appears Unlikely to Extend Tax Credit Closing Deadline |
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| An effort to extend a deadline for home buyers who are eligible to receive a tax credit worth thousands of dollars appears unlikely to succeed.
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How Far Underwater Do Borrowers Sink Before Walking Away? |
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| A Federal Reserve study finds that "strategic" defaults accelerate when a borrower owes 62% more than the value of his or her home.
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Real Estate News: Home-Buyer Tax Credit Extension Unlikely |
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| A daily roundup of real estate news from the Wall Street Journal.
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Study: Nearly One in Five Mortgage Defaults Are ‘Strategic’ |
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| A new report estimates that nearly one in five mortgage defaults through the first half of 2009 were "strategic."
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Real Estate News: States Get U.S. Funds to Aid Homeowners |
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Mortgage Rates Set New Record at 4.69%, So Why Is Demand Weak? |
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| Mortgage rates, at an average 4.69%, have fallen to their lowest levels in more than 50 years. So why is loan demand so weak?
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Real Estate News: Prisoners Cashed In on Home Buyer Tax Credit |
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Lennar: We’ve Hit “Rocky and Sloppy” Housing Market Bottom |
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| Just how bad is a world with no home buyer tax credit? Ask home builder Lennar Corp.
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How Risk-Retention Rules Could Boost FHA Loans |
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| The debate over whether to exempt certain mortgages from "risk-retention" rules in the financial-regulatory overhaul bill could become a case-study in the unintended consequences of lawmaking.
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To Compete in Dry Market, Builders Grow Green Business |
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| Home builders, aware they can't cut prices low enough to compete with bargain foreclosures and existing homes, are increasingly playing up their green homes.
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Some Mortgage Mods Work! At Least for a While |
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| Though the failure rate on modified home mortgages is still very high, it’s getting a bit better.
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Realtors Score a Win on Seller Financing |
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| The National Association of Realtors succeeded in its efforts to kill a provision in the financial-overhaul bill pending in Congress that would have put curbs on the practice of seller financing.
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Fannie Wants To “Lockout” Borrowers Who Strategically Default |
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| Fannie Mae said on Wednesday that it would "lockout" borrowers from getting a new loan for seven years if they "strategically default" on a property.
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Housing: How Bad Will It Get? |
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| A "double-dip" may be in store, certainly the indicators are there.
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Real Estate News: New Home Sales Plunge; Home Price Outlook Darkens |
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| Here is a look at real-estate news in today's WSJ:
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David Siegel’s Unfinished Mansion Raises the Bar on Excess |
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| Recently listed at $75 million, this unfinished Florida mega-mansion boasts 13 bedrooms, 23 full bathrooms, a 6,000-square-foot master suite, with plans for a rotating bed on a platform, and three pools.
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Real Estate News: Housing on the Rocks |
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| Here is a look at real-estate news in today's WSJ:
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Study: Subprime Lending Fueled by Campaign Cash |
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| A new study finds that the mortgage industry boosted its campaign contributions to congressional districts that had a large share of subprime borrowers during the housing boom.
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The Vast Foreclosure Backlog Shrinks a Bit |
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| The home-foreclosure crisis will be with us for years, but here’s a small sign of progress.
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California’s Tax Credit Bidding ‘Hasta La Vista’ To Buyers |
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| California is burning through the cash it has set aside to entice first-time home buyers to purchase homes.
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