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Real Estate News

WSJ.com: Real Estate
Fannie to Aid Underwater Loans
Fannie Mae is preparing a program of refinancing mortgages for people who owe more than the current value of their homes. The plan is the latest twist in efforts to contain the surge in foreclosures in much of the U.S.
[Published: Fri, 09 May 2008 19:14:00 EDT]

Russia's Abramovich Buys Colorado Ranch
Russian oil magnate Roman Abramovich has bought a Colorado ranch for $36.3 million … Baseball great Henry "Hank" Aaron has listed his West Palm Beach, Fla., home that borders a golf course for $900,000 … plus more. Photos
[Published: Thu, 08 May 2008 23:59:00 EDT]

How to Find Foreign Home Buyers
June Fletcher explains how to find real-estate agents who focus on foreign buyers – critical now as these home hunters see U.S. properties as bargains.
[Published: Thu, 08 May 2008 22:46:00 EDT]

For Mortgages Underwater, Help Swims In
A small fish with a healthy appetite for mosquito larvae is being pressed into service in California, Arizona, Florida and other areas struggling with foreclosures. The problem: swimming pools of abandoned homes have turned into breeding grounds.
[Published: Fri, 09 May 2008 08:35:00 EDT]

House Passes Homeowner Aid
The House passed a package of measures aimed at tackling the housing crisis, but bickering signaled turbulence ahead for the legislation.
[Published: Fri, 09 May 2008 00:03:00 EDT]

Mortgage Firms Cool to Principal-Cut Plan
A major provision of the housing-market legislation passed by the House Thursday might not help as many borrowers as some expect, trade groups that represent mortgage companies say.
[Published: Fri, 09 May 2008 02:42:00 EDT]

Real-Estate Drop Has a Green Lining
Developers are dropping plans to build on some choice pieces of land and instead are selling it for such uses as public parks and nature preserves.
[Published: Fri, 09 May 2008 00:21:00 EDT]

Source of House Data Skews Loan Losses
Wachovia and Washington Mutual are using housing-market data that might be less-negative than those used by other lenders.
[Published: Wed, 07 May 2008 23:56:00 EDT]

More Homes Hit Market in April
The supply of homes available for sale in major metropolitan areas edged higher in April, new data show.
[Published: Wed, 07 May 2008 22:33:00 EDT]

Keeping Families Above Water
The latest flash point in the debate over the nation's bursting housing bubble is this: Since so many American houses are worth less than their mortgages, should the government do more to get lenders to settle for less than the full debt, even if it may cost taxpayers some money?
[Published: Thu, 08 May 2008 23:09:00 EDT]

Hope Arises for Housing-Bill Deal
A Bush economic adviser said differences between Democrats in Congress and the White House on a housing bill aren't "insurmountable."
[Published: Thu, 08 May 2008 04:26:00 EDT]

Home-Appraisal Row May End Up in Court
New York Attorney General Cuomo may face legal challenges to his effort to overhaul the way homes are appraised across the U.S.
[Published: Wed, 07 May 2008 22:18:00 EDT]

Judge Rejects Countrywide Settlement
A bankruptcy judge has rejected Countrywide's proposal to settle accusations that it fabricated evidence used in a bid to foreclose on a home.
[Published: Wed, 07 May 2008 22:49:00 EDT]

Property Mogul Poised to Fall Again
Ian Bruce Eichner is on the verge of losing control of his Las Vegas casino-resort project -- 16 years after a similar loss in Times Square. His roller-coaster track record shows that in commercial real estate, failure on an epic scale need not be a career killer.
[Published: Fri, 09 May 2008 09:27:00 EDT]

Real-Estate Drop Has a Green Lining
Developers are dropping plans to build on some choice pieces of land and instead are selling it for such uses as public parks and nature preserves.
[Published: Fri, 09 May 2008 00:21:00 EDT]

Wachovia's Big-Loan Executive Is Leaving
Wachovia's Robert Verrone, known for his deal making, is expected to leave. The bank's first-quarter loss will widen due to new write-downs.
[Published: Wed, 07 May 2008 09:03:00 EDT]

Progress Is Slow in Coming to Hard-Hit City
Decades after deep job cuts in the steel and manufacturing plants, Gary, Indiana's residents and real estate still bear the scars.
[Published: Tue, 06 May 2008 21:02:00 EDT]




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Featured Properties:
Corner Lot w/ Views!
Los Osos real estate: Corner Lot w/ Views! 0.09-acres
0.09-acres MLS
$199,000
Ocean & Rock View Lot!
Los Osos real estate: Ocean & Rock View Lot! 1.22-acres
1.22-acres MLS
$425,000
Buildable Los Osos Lot!
Los Osos real estate: Buildable Los Osos Lot! 2.55-acres
2.55-acres MLS
$599,900
Brand New & Rock Views!
Los Osos real estate: Brand New & Rock Views! 3-bd, 2½-bath
3-bd, 2½-bath MLS
$1,099,900
Desirable Morro Heights!
Morro Bay real estate: Desirable Morro Heights! 2-bd, 2-bath
2-bd, 2-bath MLS
$400,000
Ocean Views!
Morro Bay real estate: Ocean Views! 1-bd, 1-bath
1-bd, 1-bath MLS
$379,500
 

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