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2009/06/04

Real Estate Update

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The Wall Street Journal Real Estate

June 4, 2009 -- 11:00 a.m.

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A speculative skyscraper rising in Times Square is causing budget problems in Springfield, Mo., showing how widely the commercial-property collapse has spread. - Video: N.Y. Real-Estate Pangs Felt Far Away - Photos: Skyscraper Stings Springfield, Mo.

http://online.wsj.com/article/SB124406283335082517.html#mod=djemRealEstate

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This lake-front compound has played host to the owners' eight children and 28 grandchildren over the years. Now it's seeking another family--at a price tag of $14.9 million.

http://online.wsj.com/article/SB124404518288981643.html#mod=djemRealEstate

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Home builders Toll Brothers and Hovnanian posted smaller losses amid signs of stabilization in the housing market. - Deals: M&A Boom is Far Off for Home Builders - Developments: Housing Shows Signs Of Stabilizing, But Rising Interest Rates Could Mar Outlook

http://online.wsj.com/article/SB124402433271280917.html#mod=djemRealEstate

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An index of pending home sales increased for the third month in a row, another sign that the housing market may have begun to recover. - Housing: More price drops to come?

http://online.wsj.com/article/SB124395144013576881.html#mod=djemRealEstate

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The refinancing boom has been good to mortgage lenders. Banks' profits on mortgage originations jumped in the first quarter.

http://online.wsj.com/article/SB124398799569879487.html#mod=djemRealEstate

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The housing crash left many home builders with a glut of unsold inventory, but some are starting to build spec homes again to stay competitive.

http://online.wsj.com/article/SB124404033500281397.html#mod=djemRealEstate

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Real-estate brokers, mortgage bankers and others will appear before Congress to ask the government to continue to intervene in the home-mortgage market after the foreclosure crisis ends.

http://online.wsj.com/article/SB124397764189078745.html#mod=djemRealEstate

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Melco's CEO said "the worst times in Macau are already over" as he launched the territory's newest casino and resort. - Photos: City of Dreams Opens

http://online.wsj.com/article/SB124384773768871741.html#mod=djemRealEstate

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The number of borrowers at least two months behind on their mortgage rose for the ninth quarter in a row, hitting 5.22%.

http://online.wsj.com/article/SB124385425510071885.html#mod=djemRealEstate

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Looking to refinance? If you haven't locked in, you may already be too late, writes Brett Arends. - Earlier: Is Your Home A Good Investment?

http://online.wsj.com/article/SB124381108186970343.html#mod=djemRealEstate

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