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2008/12/08

Real Estate Update

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The Wall Street Journal Real Estate

December 8, 2008 -- 11:00 a.m. EST

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A survey showed 10% of U.S. households with mortgages are behind or in foreclosure, pressuring Washington to help distressed borrowers. - Consumer Borrowing Fell in November - Housing: Downside of News on Lower Rates - House Talk: Is It Time to Buy?

http://online.wsj.com/article/SB122848957359182795.html?mod=djemRealEstate

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The federal program to redevelop neighborhoods blighted amid the housing crisis is barely up and running. But already, many localities are frustrated by the small sums involved. - Map: Troubled Neighborhoods | Photos

http://online.wsj.com/article/SB122842744052980695.html?mod=djemRealEstate

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Demand for limited-edition contemporary furniture has faded at the biannual Design Miami fair.

http://online.wsj.com/article/SB122843935023381625.html?mod=djemRealEstate

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Homes in ski towns with well-established winter-sports schools and plenty of family activities.

http://online.wsj.com/article/SB122841626842380089.html?mod=djemRealEstate

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Ford Models founder Eileen Ford cut the price of her New Jersey mansion by 19%, Calvin Klein co-founder Barry Schwartz is putting a bayfront parcel up for sale, and more. - Photos

http://online.wsj.com/article/SB122842671758280633.html?mod=djemRealEstate

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Real-estate investment trust CNL Lifestyle Properties is expected to announce that it will acquire three U.S. ski resorts for $132 million.

http://online.wsj.com/article/SB122843720196781403.html?mod=djemRealEstate

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Treasury is considering a temporary government-backed securities effort to get banks to grant new mortgages at rates as low as 4.5%. - Vote: Do you support the government's plan? - Journal Report: The Future for Home Prices

http://online.wsj.com/article/SB122833771718976731.html?mod=djemRealEstate

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Bernanke urged the government to consider sweeping steps to prevent foreclosures, including buying risky mortgages and refinancing them under more favorable terms to homeowners.

http://online.wsj.com/article/SB122840828019379675.html?mod=djemRealEstate

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J.P. Morgan seized tens of millions of dollars of collateral from a fund run by Guggenheim and started to auction it off following the fund's failure to come up with additional capital to meet margin calls.

http://online.wsj.com/article/SB122835257996177659.html?mod=djemRealEstate

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If the Treasury succeeds in getting mortgage rates down to 4.5%, should you take the bait and buy a home? Our columnist weighs the pros and cons.

http://online.wsj.com/article/SB122842410459080525.html?mod=djemRealEstate

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