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2009/01/02

Real Estate Update

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The Wall Street Journal Real Estate

January 2, 2009 -- 11:00 a.m. EST

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The Palmazes dreamed of a 100,000-square-foot wine cave. The neighbors weren't happy.

http://online.wsj.com/article/SB123085057130947469.html?mod=djemRealEstate

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A buyer is ready to plunk down $1.65 million, but the seller owes more than that on the house. What to do?

http://online.wsj.com/article/SB123073464556545579.html?mod=djemRealEstate

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From property-themed haiku to TARP limericks, this year's Wall Street crisis inspired a crop of financial poetry.

http://online.wsj.com/article/SB123068329002444149.html?mod=djemRealEstate

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Los Angeles's newest luxury hotels are showing signs of strain as room occupancy rates fall.

http://online.wsj.com/article/SB123068396065044229.html?mod=djemRealEstate

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The effort to give bankruptcy judges the power to rewrite mortgages is gaining steam. - Chart: Mortgage Modification Proposals - Find foreclosure prevention services, by state. - Mortgage-relief programs to help stressed borrowers.

http://online.wsj.com/article/SB123068005350543971.html?mod=djemRealEstate

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The global economic crisis has taken its toll on real-estate deals in practically every market. Here is a scorecard of how some of them fared this year. - Photos: Real-Estate Fallout

http://online.wsj.com/article/SB123067589466443733.html?mod=djemRealEstate

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The Spanish island of Ibiza is known both for its natural beauty and nightlife. Take a look at one house in the island's San Jose neighborhood that is on the market for €6.5 million, or $9.25 million.

http://online.wsj.com/article/SB122851283643283775.html?mod=djemRealEstate

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A measure of October home prices dropped by the sharpest annual rate on record. Separately, consumer confidence hit a new low in December. - Video Analysis: What's in Store for Housing Markets - Sortable Chart: Prices by Metro Area - Discuss: When will U.S. home prices hit bottom?

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

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Cities that haven't seen steep drops in housing prices, such as New York, may be in the worst shape because they have further to fall. - Video Analysis: What's in Store for Housing

http://online.wsj.com/article/SB123068142001844023.html?mod=djemRealEstate

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REITs have suffered their worst year on record, with a key index down 40%. Industry experts see a rebound in '09.

http://online.wsj.com/article/SB123067570012543757.html?mod=djemRealEstate

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