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Below are the latest real estate news headlines for buyers and sellers.
WSJ.com: Real EstateHome Magazine a Victim of Housing Woes The publisher of Home said it is pulling the plug on the struggling magazine. The downturn in the real-estate market has cast doubt on reader and advertiser appetite for "shelter" publications that tell people how to spruce up their homes.Read Article Thu, 21 Aug 2008 17:02:00 EDT FDIC Unveils IndyMac Plan The FDIC unveiled a plan to help borrowers of failed thrift IndyMac in order to keep consumers in their homes and limit the government's potential losses.Read Article Wed, 20 Aug 2008 20:13:00 EDT Debt Costs Stoke Fears for Freddie Freddie Mac was forced to offer unusually rich terms in a $3 billion auction of its debt, fueling concerns about a possible bailout for the mortgage giant and its sibling, Fannie Mae.Read Article Wed, 20 Aug 2008 14:32:00 EDT Wachovia Unloads Troubled Loans A venture headed by LandCap is buying $40 million in troubled land and construction loans from Wachovia.Read Article Wed, 20 Aug 2008 15:13:00 EDT Housing's Chill Hits Apartments The specter of job losses is beginning to take a toll on apartment buildings as would-be renters are doubling up in apartments or moving in with friends and families.Read Article Thu, 21 Aug 2008 00:25:00 EDT Housing Downturn Hits Home Depot Home Depot's profit fell 24% on lower sales as the home-improvement retailer struggled to sell big-ticket items. (Home Depot conference-call transcript)Read Article Tue, 19 Aug 2008 22:10:00 EDT Mortgage Securities Stir in U.K. Alliance & Leicester, a British bank, sold about $745.7 million of high-quality bonds backed by home loans this week in a rare sign of life in the market for mortgage securities.Read Article Tue, 19 Aug 2008 21:48:00 EDT Here's Donald, to Assist Ed McMahon Donald Trump is negotiating a deal that would allow Ed McMahon to avert foreclosure and remain in his Beverly Hills, Calif., home.Read Article Wed, 20 Aug 2008 15:30:00 EDT Japan Developers' Woes Grow Japan has seen a raft of property developers go to the wall this year as banks have refused to refinance their loans. Analysts say the bankruptcy filings are likely to set off a vicious cycle that will weigh on the sector's shares in the coming months.Read Article Thu, 21 Aug 2008 17:07:00 EDT Skyline Gets Facelift Ahead of Asian Games Ultramodern skyscrapers, new stadiums and a 610-meter-high television and sightseeing structure are in the works in Guangzhou, China's manufacturing hub, as it prepares to host the Asian Games in 2010.Read Article Tue, 19 Aug 2008 19:48:00 EDT
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