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2009/01/03

Real Estate Update

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The Wall Street Journal Real Estate

January 3, 2009 -- 11:00 a.m. EST

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A small shack in Arizona with a $103,000 mortgage helps explain how a series of bad decisions can add up. - Photos: Ms. Halterman's Home - Video: In Arizona, a $103,000 Shack

http://online.wsj.com/article/SB123093614987850083.html?mod=djemRealEstate

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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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The recent slide in energy prices is little consolation for U.S. homeowners, many of whom anticipated lower heating bills this winter but are now finding just the opposite.

http://online.wsj.com/article/SB123093865371150145.html?mod=djemRealEstate

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The National Association of Realtors said an increase in fees by Fannie Mae "imposes major new costs" on home buyers and people trying to refinance into more affordable mortgage loans.

http://online.wsj.com/article/SB123094029211850265.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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