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Real estate company says Bay Area foreclosures soaring

A report out from a realestate information company says the number of homes being foreclosed on in the Bay Area continues to soar. RealtyTrac says 1,635 Bay Area households were notified last month that their properties were scheduled for foreclosure auctions.


Countrywide CEO may face probe

Countrywide Financial said Thursday its mortgage fundings for last month fell 44 percent from the same period a year ago, and the mortgage...


Realtors slash sales forecast

WASHINGTON -- This year's decline in existing home sales will be steeper than previously anticipated, a trade group for real estate agents predicted Wednesday.


Now That Housing Has Soured, Renters Are Glad They Didn't Buy

Volatile home prices and homeowner's struggles to make mortgage payments assure some non-property owners that having ignored temptation to buy during the real-estate boom was the right decision.


Home Depot Wants To 'Romance' Women

The retailer has unveiled plans for stores that have a focus on bath and kitchen products and design showrooms. The new locations will use softer lighting and easier-to-reach shelves.


IRS Steps Up Scrutiny On Popular Tax Strategy

The IRS is taking a closer look at like-kind exchanges, which are used by many real-estate investors.


Los Angeles Seeks to Boost Its Business District

The city's first downtown supermarket in 50 years is drawing more than grocery shoppers: It's feeding potential buyers to new lofts above it, half of which are already sold.


Strip-Mall Vacancies At 5-Year High

Weak housing sales nudge rate higher. Rentals of retail space in weak markets are getting hit disproportionately hard.


Mexican Industrial City About to Get a Makeover

A slew of modern office buildings is on tap for Monterrey which anchors a warehouse region where everything from refrigerators to auto parts are assembled and stored.


Nuclear Plants Preferred Over Casinos, Landfills

General Re is putting a Greenwich, Conn., waterfront office building on the market. Plus, Americans would rather have a new nuclear-power plant in their town than a casino or a landfill, a survey shows.


Why homes are lost studied

Susan Foley, recently appointed “foreclosure czar” for the city of Denver, has seen firsthand the impact of people losing their homes.


Lower risk of home-price decline

An index that charts the risk of home-price declines across the United States is giving Silicon Valley a slightly improved forecast.


Dallas-Fort Worth continues to rate as one of the most stable markets in the country for home values

A study released Tuesday by home mortgage insurer PMI Group predicts there is less than a 10 percent chance D-FW prices will fall during the next two years. Nationwide, the odds are more than 30 percent of a decrease in home prices. The mortgage insurance company, based in Walnut Creek, Calif.


Consumers Struggle to Refinance While Buyers Bail on Condos

This week's Open House looks at bubble bloggers' newfound acceptance, how failed housing deals may come to bite one lender, homeowners struggling to get a loan in California, more subprime woes and what's ahead for home builders.


Four Ways to Fend Off Foreclosure

Marshall Loeb offers tips on how to avoid losing your home if you can't pay back your loans.


Home Loans to Illegal Immigrants Sturdy But Show Some Cracks

A number of factors -- including a possible government crackdown on illegal workers and a slowdown in job prospects for undocumented laborers -- threaten the ability of these borrowers to keep paying.


Struggling St. Joe Slashes Its Dividend and Payroll

The Florida landowner plans to cut or transfer hundreds of jobs, cancel its dividend and push to sell its land, in another sign of the painful real-estate downturn in the state.


Housing Woes, Liquidity Test Spain's Banks

Spanish lenders are bracing for tough questions on how they will weather a downturn in the domestic real-estate market and cope with funding that has become more expensive and less plentiful.


In Cornwall, Restoring a Modern

With its extensive coastline, rolling farmland and mild climate, the southwestern county of Cornwall, England, is a popular place for vacation homes.


Despite 19% September drop in pre-owned market, prices increase

North Texas home sales plunged in September. The 19 percent drop in sales of pre-owned homes was the largest annual decline in more than seven years. But even with the slide in sales, area home prices stayed positive – up 3 percent for the month.


Watching Contractors Work Can Be Like Waiting for Paint to Dry

Working from home is a privilege but can be trying when one's house is under construction. Nancy Keates on wishing the people she hired would pick up the pace.


A New Mortgage 'Cop' Targets Wall Street

Ohio Attorney General Marc Dann is investigating the way investment banks packaged mortgages into securities and how credit-rating companies evaluated them.


House Prices Fall in Europe As Borrowing Costs Rise

Housing prices in the United Kingdom Spain and France have fallen in recent months. Economists warn that the malaise could spread to other European countries.


Better Homes Real Estate To Be Revived by Realogy

The owner of Coldwell Banker and Century 21 real-estate brands plans to relaunch a brokerage chain after reaching a licensing agreement with magazine publisher Meredith for the brand name.


Japan's Property Market Still Has Allure

Goldman Sachs and Aetos Capital intend to bid as much as $1.1 billion for the shares of Tokyo-based property developer Simplex Investment Advisors.

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