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Home 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.
FDIC Unveils IndyMac PlanThe 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.
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Debt Costs Stoke Fears for FreddieFreddie 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.
Wachovia Unloads Troubled Loans
A venture headed by LandCap is buying $40 million in troubled land and construction loans from Wachovia.
Housing's Chill Hits ApartmentsThe 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.
Housing Downturn Hits Home Depot
Home Depot posted a 24% decline in net income amid continued pressure in the housing and home-improvement markets, but the retailer kept its full-year outlook unchanged.
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.
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.
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House of the Week
Bella Vista in San Francisco: Tour a 16,000-square-foot Italianate villa that has seven bedrooms and bathrooms, three powder rooms. Built in 1905, it is in San Francisco's Cow Hollow Section and has views of the Golden Gate Bridge and Alcatrez Island.
Settling in the Convention Cities
Denver becomes a veritable zoo for the politcal animals coming to town for the Democratic National Convention from August 25-28, and about 45,000 people will attend the Republican National Convention from Sept. 1-4 in St. Paul, Minn. For homebuyers of any stripe, here are three homes in each city at three price points. — Emily Glazer
Modernism for the Masses
What's most impressive about Charles Eames's House, officially known as Case Study House #8, is the modesty of everything, the easygoing relationship between structures and site.
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Aug 21,
10:43 am
Courtesy of Property Shark
Dawn Wotapka reports:
Sales volume and prices of New York, Los Angeles and San Franciscos rental apartment buildings suffered a major setback in the second quarter, compared with a year earlier. But there were also glimmers of hope, particularly on the West Coast, according to a quarterly report released by [...] Aug 20,
5:11 pm
Donald Trump, Getty Images
Real estate mogul Donald Trump isn't the only person interested in buying Ed McMahon's home, the Los Angeles Times reports.
Broker Alex Davis of Hilton & Hyland in Beverly Hills has told the Los Angeles Times that an anonymous second buyer has made an offer on the six-bedroom home. In June, McMahon [...]
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