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2009/05/15

Real Estate Update

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The Wall Street Journal Real Estate

May 15, 2009 -- 11:00 a.m.

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Neal McDonough, the "Desperate Housewives" villain, lives the suburban dream among white picket fences that the sitcom mocks. - Photos: At Home in Suburbia

http://online.wsj.com/article/SB124234083260221217.html#mod=djemRealEstate

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Bank of America's chief executive Kenneth D. Lewis has cut the price of his South Carolina vacation house 13% to $3.3 million. | Photos

http://online.wsj.com/article/SB124234886648122139.html#mod=djemRealEstate

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These buildings in New York City, Denver and the U.K. come with a famed architect's signature. - Photos: Tour the three homes

http://online.wsj.com/article/SB124234978479922211.html#mod=djemRealEstate

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A construction-management consulting group is suing Fontainebleau Las Vegas, a $3 billion luxury resort under construction, for wrongful termination and breach of contract.

http://online.wsj.com/article/SB124234504312621655.html#mod=djemRealEstate

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Minorities in the U.S. increased their levels of homeownership at a faster clip than whites during the housing boom, a report shows. - Greenspan: Fed Didn't Feed Housing Bubble - Econ: Home Prices vs. Jobless Rates, by Metro Area - House Talk: Put Savings in SF Real Estate?

http://online.wsj.com/article/SB124214925172111415.html#mod=djemRealEstate

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Short interest in real-estate investment trusts dropped 1.1 percentage points during the last two weeks of April.

http://online.wsj.com/article/SB124217060811912709.html#mod=djemRealEstate

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Corus's warning that it could be placed into receivership by regulators has set off a scramble among real-estate investors hoping to pick up its nonperforming loans.

http://online.wsj.com/article/SB124216836791112603.html#mod=djemRealEstate

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India is trying to stem a growing housing crisis by moving slum dwellers into new homes. But for some, the solution has been worse than the problem. - Photos: Rehabilitating the Urban Poor - Video: Slum Dwellers Rue High Rises

http://online.wsj.com/article/SB124232405677020383.html#mod=djemRealEstate

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Our columnist advises a renter who has saved $1.5 million after working for four years at a hedge fund. Should this renter invest in some property in San Francisco?

http://online.wsj.com/article/SB124179174029300911.html#mod=djemRealEstate

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The median price for a single-family house fell 14% to $169,000 in the first quarter from a year earlier. - Econ: Home Prices and Jobless Rates, by Metro Area

http://online.wsj.com/article/SB124217092693512789.html#mod=djemRealEstate

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