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2008/11/27

Real Estate Update

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The Wall Street Journal Real Estate

November 27, 2008 -- 11:00 a.m. EST

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Entrepreneurs are rushing to set up online marketplaces in an attempt to cash in on the market for bulk sales of foreclosed homes.

http://online.wsj.com/article/SB122765299132257847.html?mod=djemRealEstate

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New-home sales tumbled 5.3% to the lowest level in 17 years during October, while prices kept retreating.

http://online.wsj.com/article/SB122771251156859761.html?mod=djemRealEstate

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The Federal Reserve's attempt to stabilize the housing market set off a chain reaction that dropped rates and spurred a burst of refinancing activity by borrowers eager to lower mortgage costs. - Heard on the Street: Rewarding Risk-Takers - Deal Journal: Paulson Plan 'Truly Idiotic' - Video: Paulson Looking to Boost Lending

http://online.wsj.com/article/SB122765938507058417.html?mod=djemRealEstate

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The record plunge of the commercial real-estate securities market has claimed its first major casualty: a $1.5 billion fund with investors including Ross Perot.

http://online.wsj.com/article/SB122766089914158557.html?mod=djemRealEstate

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The Dallas-Fort Worth region's retail sector is under pressure. Developers have bet big on its increasing population and the economy's links to the energy sector.

http://online.wsj.com/article/SB122765218066557803.html?mod=djemRealEstate

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One consolation is emerging as the stocks of property companies get pounded: some firms are more willing to disclose the details of their financings.

http://online.wsj.com/article/SB122763616083656959.html?mod=djemRealEstate

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Home builders are railing against the FDIC, saying the agency is cutting off construction financing from seized banks and demanding early repayment of current loans.

http://online.wsj.com/article/SB122765327405657891.html?mod=djemRealEstate

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Today more than 20 communities across the country are named Plymouth. Here are homes for sale in three of those towns.

http://online.wsj.com/article/SB122712249188741549.html?mod=djemRealEstate

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Activist investor William Ackman sees something in debt-laden mall owner General Growth Properties that most others don't.

http://online.wsj.com/article/SB122765555619658067.html?mod=djemRealEstate

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The housing market's collapse is forcing more people to choose between paying the mortgage and the doctor.

http://online.wsj.com/article/SB122754689689653489.html?mod=djemRealEstate

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