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2009/02/25

Real Estate Update

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The Wall Street Journal Real Estate

February 25, 2009 -- 11:01 a.m. EST

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The cost of owning versus renting is swinging back in favor of homeownership in some markets. - Home Prices Continue to Post Record Declines - Sortable Chart: Home Prices, by Metro Area

http://online.wsj.com/article/SB123552129423664663.html?mod=djemRealEstate

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Texas financial R. Allen Stanford's legal problems are fueling concern that European buyers of luxury vacation homes in Florida may lose their deposits.

http://online.wsj.com/article/SB123542643962352853.html?mod=djemRealEstate

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One group is being left out of Washington's mortgage-crisis plan: borrowers with loans too big to qualify for government backing. - Photos: Outer Limits - Housing: Hardest-Hit Markets Unlikely to Get Relief

http://online.wsj.com/article/SB123543726577454673.html?mod=djemRealEstate

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Bank of America avoided the excesses of many rivals during the housing boom, but its performance isn't nearly as impressive with regard to mortgage-backed securities.

http://online.wsj.com/article/SB123552887436966255.html?mod=djemRealEstate

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St. Joe Co. swung to a loss as Florida's largest private-property owner recorded $55.8 million in write-downs and write-offs on goodwill and the value of projects under development.

http://online.wsj.com/article/SB123547913940358761.html?mod=djemRealEstate

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The White House is trying to ensure its housing-relief program will help only genuinely needy homeowners, but some critics say that it will also aid those who don't need -- or deserve -- the help. - Video: Obama Reveals Plan to Help Struggling Home Owner

http://online.wsj.com/article/SB123517426207837283.html?mod=djemRealEstate

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The housing market is still crucial to the recovery of other markets, yet it still hasn't found a bottom.

http://online.wsj.com/article/SB123551869079164039.html?mod=djemRealEstate

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As the gloom in global real-estate markets continues to spread, European property companies are rushing to raise capital as a last resort to remain liquid.

http://online.wsj.com/article/SB123550388633061989.html?mod=djemRealEstate

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Home construction fell a seventh straight month, down 16.8% during January, and a sign of future building tumbled as high inventories and the recession sent builders into further retreat. - Economists React: Housing Starts Not Dead, Yet

http://online.wsj.com/article/SB123496050359510503.html?mod=djemRealEstate

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Obama's plan comes with incentives for lenders to ease mortgage payments for struggling borrowers -- but also with a cudgel: If the mortgage industry doesn't modify loans, bankruptcy judges may cut payments more sharply.

http://online.wsj.com/article/SB123500438418718061.html?mod=djemRealEstate

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