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2008/10/31

Real Estate Update

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The Wall Street Journal Real Estate

October 31, 2008 -- 9:30 a.m. EDT

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As the luxury real-estate market slows to a snail's pace, real-estate brokers find themselves struggling to sell a growing number of "trophy homes." - Photos: Homes Too Over-the-Top to Sell?

http://online.wsj.com/article/SB122541894252786951.html?mod=djemRealEstate

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Baseball player Steve Finley and his wife have put their beachfront house on the market ... Former Tyco chief executive Dennis Kozlowski, currently in prison, has cut the price on his Nantucket, Mass., estate ... and more. - Photos

http://online.wsj.com/article/SB122542650651787395.html?mod=djemRealEstate

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Nevada leads the U.S. in the proportion of households whose mortgage debt exceeds the current estimated value of their homes. - Data: The share of mortgages under water in all 50 states

http://online.wsj.com/article/SB122541431498786575.html?mod=djemRealEstate

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Now is a good time for older homeowners to give property to their kids but still remain in the home with a qualified personal residence trust.

http://online.wsj.com/article/SB122531955605681949.html?mod=djemRealEstate

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Borrowing costs for Fannie and Freddie are rising, instead of falling like the government had envisioned. - Q&A: Ex-Fannie Mae Chief Mudd

http://online.wsj.com/article/SB122531026792281313.html?mod=djemRealEstate

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Wynn Resorts is moving ahead on a $2.3 billion Las Vegas resort at a time when rival casino companies are pulling back on projects.

http://online.wsj.com/article/SB122532358533882169.html?mod=djemRealEstate

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The U.S.'s latest plan to aid homeowners could move up to three million people into more-affordable mortgages.

http://online.wsj.com/article/SB122531677860781723.html?mod=djemRealEstate

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Westfield Mall, the largest mall in a European city, opens Thursday, but its timing couldn't be worse. Britain's economy is sliding into a recession.

http://online.wsj.com/article/SB122532222242982013.html?mod=djemRealEstate

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A high-profile British developer has defaulted on a $365 million loan for prime land it bought in Beverly Hills as part of a plan to build luxury condos.

http://online.wsj.com/article/SB122532158922982061.html?mod=djemRealEstate

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Trump's tallest construction project, a 92-story Chicago skyscraper, is facing challenges as loans come due.

http://online.wsj.com/article/SB122523704293478077.html?mod=djemRealEstate

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