President Obama's latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won't derail a possible $20 billion settlement for underwater and foreclosed homeowners.
Home prices posted a steep, month-over-month drop in November, falling 1.3%, according to the latest S&P/Case-Shiller 20-city report. Prices fell in 19 of the 20 cities the index covers.
Just 302,000 new homes were sold in 2011, 6.2% below 2010 and the lowest number of annual sales since the government started tracking home sales in 1963.
Weyerhaeuser is that rare company for which money does grow in trees, says Mad Money's Cramer, discussing the stock's recent run, and 2.8% yield, with Daniel Fulton, Weyerhaeuser Company CEO, adding "We are more optimistic this year as we head into 2012."
London is home to some of the world's most opulent hotels, but with five-star rooms in short supply during the Olympic Games this summer; wealthy visitors are increasingly turning to private homes to meet their accommodation needs.
China's fledgling services sector weakened in January as property tightening measures weighed on demand, the official purchasing managers' survey showed on Friday, reinforcing the case for policy easing to bolster economic growth.
A Goldman Sachs Group Inc. real-estate fund that has walked away from a number of struggling investments is taking a different approach with a Chicago skyscraper, deciding to fight its creditors rather than surrender ownership of the building.
Demand and rents are up as the housing crisis and tighter lending standards have left many people unable to or wary of purchasing a home. So finding a deal requires compromise and negotiation.
The estate of Lehman Brothers Holdings Inc. is now the owner of a Montana ski and golf resort, after assuming control of the assets of Moonlight Basin Ranch LP.
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