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Window Shopping: Where Apartments and Art Converge

Two condominium conversions currently under way in Chelsea have embraced Art with a capital A.


Big Deal: How to Dress a Lobby

Vera Wang, the designer first known for her couture wedding dresses, is in the midst of creating a large work in plaster for the lobby of the Onyx Chelsea condominium.


In the Region | Long Island: Energy Saving: A Status Report

New standards for energy efficiency are being adopted on Long Island, town by town.


In the Region | Orange County, N.Y.: Equal Opportunity Design

A development in the town of Woodbury will offer 130 homes designed for people 55 and over, in addition to 320 homes designed for families of any age.


In the Region | Connecticut: Urging Inclusion in a Changing City

Plans for gleaming towers and posh restaurants in Bridgeport are cause for concern among some community advocates.


Mortgage rates down on weak home sales

Long-term mortgage rates came down this week on news that home sales and prices fell to lows not seen in several years, according to surveys conducted by Freddie Mac and Bankrate.


Washington Mutual Calls For Mortgage Disclosure

The company is asking mortgage brokers to provide more information to borrowers amid criticism that poor disclosures have led many borrowers to take out loans they couldn't afford.


Real-Estate Woes Help Apartment REITS

Real-estate speculators are turning unsold homes into rentals, creating a 'shadow market' that has made investors jittery about real-estate investment trusts.


Countrywide Tells Workers, 'Protect Our House'

The lender is launching a public-relations campaign aimed at repairing its reputation. It hired WPP Group's Burson-Marsteller.


Developers Seek More Hotel Rooms For Hot Area in San Diego

A vacant lot near Petco Park was once slated for a sleek 43-story luxury condo project. Now the tower's developer is weighing whether to cash in on the area's strong tourism industry.


Archstone Flip For $1.4 Billion

Tishman Speyer Properties and Lehman Brothers have lined up a joint-venture partner to take most of the load of the California properties it is acquiring in its buyout of Archstone-Smith.


Bargain-hunters flock to foreclosure auctions

Even during a drenching rainstorm two weeks ago, more than 30 groups of potential buyers toured an 814-square-foot condominium in West San Jose, seemingly defying conventional wisdom about the sluggish real estate market.


Mortgage applications dip 2.7%

Mortgage applications in the U.S. fell 2.7 percent last week as purchases declined to the lowest since April and refinancing cooled. The Mortgage Bankers Association’s index of applications to buy a home or refinance a loan dropped to 636.7 from 654.2 the prior week.


How to Sell in a Down Market And Get a Deal on a New Home

This week's Open House takes a look at tactics for setting an asking price, surfing the Web for discounts on newly built homes, houses on the auction block, bidding wars in New Jersey, fleeing Florida property taxes and suburbs not hit by the housing slump.


Help for Homeowners Facing High Mortgage-Rate Resets

Many programs offer to bail you out of an impending home-loan increase. Do any really help?


Luminent Could Lose REIT Status Because of Subprime Woes

Luminent Mortgage Capital Inc. which invests in mortgages and mortgage-backed securities, says credit-market instability has hurt its business.


Mortgage adjustments are harder

NEW YORK -- A cancer diagnosis forced Lindsey Jennings to give up his government job. With less income, Jennings feared he might lose the home he and his wife Pearl built near Atlanta almost 20 years ago. So he asked for help.


Value of offices sold in S.F. plunges 24% as lenders tighten amid subprime woes

The value of San Francisco office buildings sold in the third quarter fell 24 percent as potential buyers found it more difficult and costly to borrow money. Sixteen office sales totaling $447.5 million were completed, compared with 13 transactions with a combined value of $591.


Japan Developer Strikes Hotel Deal

Mitsui Fudosan will buy a 33.16% stake in Imperial Hotel for $750.3 million, becoming its largest shareholder.


Rising Costs Weaken Florida's Allure

The state has been a magnet for mobile Americans for almost a century, but less so now. A rebound would likely require housing prices to fall further than they already have.


In Your 70s, Weighing Whether To Buy a Home or Rent

The decision depends on your finances but also on your lifestyle and how much maintenance you want to put into a home.


Should You Buy Into a Community With a Homeowners' Association?

Often, home buyers don't fully realize the trade-off they're making when they move into neighborhoods ruled by such organizations.


Texas housing market likely to outdo U.S. as a whole, economist says

While Texas has so far escaped the worst ravages of the housing bust, the state won’t be totally unscathed by mortgage problems and overbuilding, a top economist warns.


Homeowners Turn Remodeling Sessions Into House Parties

People looking to save money on renovations are inviting friends over for 'fun' evenings of ripping out walls and laying floors. But adding a few cocktails to the mix can produce less than satisfactory results.


Model Lists Her Penthouse For a Pretty Penny

Gisele Bundchen puts her Manhattan pad on the market. Actor Nicolas Cage relists his Bel-Air house for $35 million. Cosmetics billionaire Ronald Lauder sells three acres in the Hamptons.

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