Thursday, August 28th, 2008
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%.
Archive for August, 2008
Thursday, August 28th, 2008
Rebuilding Ground Zero is arguably the greatest political and bureaucratic fiasco in the history of the world. Planner Edward J. Logue would have provided the leadership that the 9/11 site needed desperately and never had.
Wednesday, August 27th, 2008
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.
Wednesday, August 27th, 2008
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.
Wednesday, August 27th, 2008
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.
Wednesday, August 27th, 2008
Related has built signature buildings that helped to transform neighborhoods in Manhattan, Phoenix and South Florida. Now, the big-market developer is attempting a $3 billion redevelopment to transform Snowmass, Colo.
Monday, August 25th, 2008
Existing-home sales climbed in July, rising more than expected, but inventories expanded and prices kept dropping. The median home price was $212,400 in July, down 7.1% from a year earlier.
Monday, August 25th, 2008
There's no guarantee that the housing market will turn around soon—but some builders are offering discounts that make it worth jumping now. June Fletcher offers tips on how to negotiate for a great deal.
Monday, August 25th, 2008
The U.S. Treasury will likely be forced to inject funds into Fannie Mae and Freddie Mac, some top economists think, but they're not sure whether it will be enough to bolster the sagging economy.
Monday, August 25th, 2008
This week brings several key gauges of housing, and they are mostly expected to keep moving in the wrong direction.
