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2008/12/30

Real Estate Update

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The Wall Street Journal Real Estate

December 30, 2008 -- 11:00 a.m. EST

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Instead of a hearty hello, you might greet your neighbors with a cheery ciao if you lived in one of these U.S. towns that share their names with cities in Italy.

http://online.wsj.com/article/SB123058102831040279.html?mod=djemRealEstate

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Home prices slid as the economic downturn deepened in October, according to S&P/Case-Shiller. Prices in the Sun Belt continued to be hit hardest. - Sortable Chart: Prices by Metro Area - Econ Newsletter: Click here to sign up

http://online.wsj.com/article/SB123064533193442343.html?mod=djemRealEstate

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Fashion designer Domenico Vacca, who bought and renovated a New York City condominium earlier this year, and then relisted it, has now reduced the price to $8.9 million -- still 45% more than he paid.

http://online.wsj.com/article/SB123013467100233009.html?mod=djemRealEstate

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If you thought shopping malls were a nightmare in the run-up to the holidays, just try owning one now that there is nothing left to do but take down the tinsel.

http://online.wsj.com/article/SB123050739970838189.html?mod=djemRealEstate

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Hotel real-estate investment trust Ashford Hospitality said it will cut jobs, freeze its payroll and reduce benefits as it looks to boost its liquidity.

http://online.wsj.com/article/SB123051244433138519.html?mod=djemRealEstate

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Fixed-rate home mortgage rates declined again this week, with the 30-year loan setting another record low.

http://online.wsj.com/article/SB123025073099834337.html?mod=djemRealEstate

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Big-city condos close to some of America's great concert halls.

http://online.wsj.com/article/SB123013756129733125.html?mod=djemRealEstate

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Soho China tried to save a historic district in Beijing, but instead one of China's best-known firms found itself locked out of revenue.

http://online.wsj.com/article/SB123006399599230901.html?mod=djemRealEstate

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Across the globe this December, funds that invest government money have been among the few buyers of big-ticket properties.

http://online.wsj.com/article/SB123007427940131477.html?mod=djemRealEstate

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A deepening recession and tight credit conditions are compounding problems in the housing market, suggesting that declines in home prices may continue well into 2009. - Economists React: Will Mortgage Rates Help?

http://online.wsj.com/article/SB123003859646029853.html?mod=djemRealEstate

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