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2009/03/26

Real Estate Update

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The Wall Street Journal Real Estate

March 26, 2009 -- 11:00 a.m.

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Located on Cape Elizabeth, this home hit the market three years ago with an asking price of $10.485 million. Now it is listed at $5.75 million.

http://online.wsj.com/article/SB123800333064240249.html?mod=djemRealEstate

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New-home sales rose in February for the first time in seven months. California's existing-home sales rose 83% from a year earlier. - Economists React: Has Housing Hit Bottom? - Video: Higher Prices May Follow Home Sales

http://online.wsj.com/article/SB123798406285137541.html?mod=djemRealEstate

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The federal government's gauge of home prices rose in January for the first time in 10 months.

http://online.wsj.com/article/SB123790736606125797.html?mod=djemRealEstate

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Reno, Nev.'s new baseball stadium is set to open next month, but the proposed entertainment district next to the ballpark is struggling to get going.

http://online.wsj.com/article/SB123794967236534183.html?mod=djemRealEstate

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A recent exchange between Colony Investors and its vested pension funds show how tensions are mounting for companies that manage increasingly troubled real-estate holdings.

http://online.wsj.com/article/SB123794923628534045.html?mod=djemRealEstate

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Wharf (Holdings) said its 2008 underlying profit slid 29% as sharply lower property sales more than offset rental income growth.

http://online.wsj.com/article/SB123800764535840581.html?mod=djemRealEstate

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A number of shopping developments are slated to open this year, even though many will be less extravagant than initially envisioned.

http://online.wsj.com/article/SB123794125131932665.html?mod=djemRealEstate

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Some U.K. REITs could breach the rules that give them REIT status, testing their ability to survive and compelling the government to either let the weakest go out of business or ease restrictions.

http://online.wsj.com/article/SB123791757044127541.html?mod=djemRealEstate

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The recent drop in interest rates will prompt about 18% of U.S. households with mortgages to refinance this year, Jay Brinkmann, chief economist of the Mortgage Bankers Association, said.

http://online.wsj.com/article/SB123794433924233255.html?mod=djemRealEstate

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With foreigners returning home and banks reining in loans, the global crisis has shattered Singapore's goal of reinventing itself as a financial and entertainment hub like Dubai or Monte Carlo.

http://online.wsj.com/article/SB123791824683327661.html?mod=djemRealEstate

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