Real Estate News

 
Mortgage probe unveiled as foreclosure talks loom
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.              
Obama expands foreclosure prevention program
The Obama administration is taking another swing at improving its main foreclosure prevention program.              
Home prices post steep decline
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.              
The housing recovery that wasn't
FORTUNE -- Over the past few months, a spate of good news about the U.S. housing market has led some to think a recovery is finally on the horizon.              
New-home sales hit a record low
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.              
 
 
 
WTC museum cost overrun baffles NYC mayor
              
Cramer's Money Tree Stock: Weyerhaeuser
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."              
NYSE stocks posting largest percentage increases
A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:              
London Homeowners Cash In on Olympic Visitors
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 Property Developers See Big Drop in January Sales
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 Clear Merger of Equals
With twin entrances, the home of two Massachusetts doctors celebrates its historical origins as two side-by-side duplexes.              
Lehman to Block Zell's Archstone Deal
The estate of Lehman Brothers Holdings Inc. is planning this week to use $1.33 billion in cash to buy a 26.5% stake in apartment giant Archstone.              
Goldman to Fight Over Hancock
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.              
Navigating a Tight Rental Market
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.              
Lehman's Estate Gets Montana Resort
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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