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Below are the latest real estate news headlines for buyers and sellers.
WSJ.com: Real EstatePeople Who Live in Glass Houses Wall-to-wall windows have become a signature of chic urban living, from Minneapolis to Miami. But some residents say the reality can be less glamorous.Read Article Thu, 28 Aug 2008 23:20:00 EDT Fannie, Freddie Impact on Banks Downplayed Federal bank regulators said they believe a plunge in the preferred shares of Fannie Mae and Freddie Mac would have limited impact through the banking system.Read Article Thu, 28 Aug 2008 21:43:00 EDT Mortgage Rates Fell in Week Rates on fixed-rate home mortgages fell this week, following reports of weakness in the economy. But rates on adjustable-rate mortgages rose slightly.Read Article Thu, 28 Aug 2008 21:37:00 EDT Paulson Cuts Price of Hampton Home John Paulson cuts the price on his Hamptons home; Manhattan's Spence School buys a townhouse; NBA's Ray Allen trims the price of his Washington home, while a few miles away MLB's Jay Buhner lists his house.Read Article Fri, 29 Aug 2008 00:32:00 EDT Hochfelder Accused of Larceny in Deals New York real-estate investor Adam Hochfelder has been arrested for allegedly "stealing more than $17 million from a panoply of banks and individuals."Read Article Thu, 28 Aug 2008 10:06:00 EDT Learning to Embrace the Change Order Nancy Keates discovers that the human desire to re-think decisions inevitably leads to changes in homebuilding plans. Those changes often mean big cost overruns – but sometimes, they can also translate to big savings.Read Article Wed, 27 Aug 2008 10:21:00 EDT Fannie Names New CFO, Risk Chief Fannie Mae shook up its top ranks, announcing its chief business officer and two others are leaving as it moves to save capital. Shares surged 15%.Read Article Thu, 28 Aug 2008 08:59:00 EDT Housing Market Still Under Pressure Home prices are improving in some parts of the country but still falling sharply in hard-hit places like Phoenix, as the weak housing market and shaky consumer confidence continue to weigh on the battered U.S. economy.Read Article Wed, 27 Aug 2008 09:01:00 EDT FHA Raises Premiums for Home Loans The Federal Housing Administration raised the premiums it charges for insuring that mortgages will be repaid to 1.75% of the loan amount.Read Article Wed, 27 Aug 2008 09:00:00 EDT Hedge Funds Help Fill a Gap More investors seeking financing to acquire office towers, retail stores and hotels are left with little choice but to turn to so-called hard-money lenders, lightly regulated businesses that charge high interest rates for short-term loans. Among the biggest players in the hard-money arena are hedge funds.Read Article Wed, 27 Aug 2008 09:16:00 EDT
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