Residential Property News
News
Home Magazine a Victim of Housing Woes
The publisher of Home said it is pulling the plug on the struggling magazine. The downturn in the real-estate market has cast doubt on reader and advertiser appetite for "shelter" publications that tell people how to spruce up their homes.
FDIC Unveils IndyMac Plan
The FDIC unveiled a plan to help borrowers of failed thrift IndyMac in order to keep consumers in their homes and limit the government's potential losses.
Debt Costs Stoke Fears for Freddie
Freddie Mac was forced to offer unusually rich terms in a $3 billion auction of its debt, fueling concerns about a possible bailout for the mortgage giant and its sibling, Fannie Mae.
Wachovia Unloads Troubled Loans
A venture headed by LandCap is buying $40 million in troubled land and construction loans from Wachovia.
Housing's Chill Hits Apartments
The specter of job losses is beginning to take a toll on apartment buildings as would-be renters are doubling up in apartments or moving in with friends and families.
Housing Downturn Hits Home Depot
Home Depot's profit fell 24% on lower sales as the home-improvement retailer struggled to sell big-ticket items. (Home Depot conference-call transcript)
Mortgage Securities Stir in U.K.
Alliance & Leicester, a British bank, sold about $745.7 million of high-quality bonds backed by home loans this week in a rare sign of life in the market for mortgage securities.
Here's Donald, to Assist Ed McMahon
Donald Trump is negotiating a deal that would allow Ed McMahon to avert foreclosure and remain in his Beverly Hills, Calif., home.
Japan Developers' Woes Grow
Japan has seen a raft of property developers go to the wall this year as banks have refused to refinance their loans. Analysts say the bankruptcy filings are likely to set off a vicious cycle that will weigh on the sector's shares in the coming months.
Skyline Gets Facelift Ahead of Asian Games
Ultramodern skyscrapers, new stadiums and a 610-meter-high television and sightseeing structure are in the works in Guangzhou, China's manufacturing hub, as it prepares to host the Asian Games in 2010.
Your Taxes at Work
The fate of a proposed $2.1 billion expansion of the Mall of America depends on how much money the City Council and the Port Authority of Bloomington, Minn., are willing to put up for infrastructure.
Lavish Condo Project Struggles
The struggle of 100 Eleventh Avenue, a glitzy condominium development on Manhattan's west side targeting well-heeled buyers, shows there's no such thing as a sure thing in the current wretched credit climate.
