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The developers planning to build a $100 million Islamic center near the World Trade Center site are nearly a quarter-million dollars behind on real estate taxes and late fees.


World Trade Center - Islam - Real estate - New York City - September 11 2001

West End Avenue and vicinity was once a stronghold of town houses. Three of the now-rare breed bear distinctive traces of the attentions of recent owners.

On Lake Waramaug, a converted boathouse has a stone foundation, a wraparound deck and direct access to the water.

The wealthy and celebrities often buy property under limited liability companies, often with whimsical names.

Once a grand mansion steps from Central Park, it had fallen into disrepair. Now it is for sale for $8.95 million.

The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak.


Contract - Business - National Association of Realtors - Residential Housing - Construction and Maintenance

The home builder's stock soars 11% after an announcement that there will be no action taken as result of an investigation into the company's accounting procedures.

Shares of Los Angeles-based KB Home soared on Wednesday after the home builder said an investigation by the Securities and Exchange Commission into the company's accounting and disclosure procedures had concluded and no enforcement action would be taken.

Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.


Foreclosure - United States - Local government - Non-profit organization - Real estate

Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments.


Mortgage - Loan - Business - Financial services - United States

Rising numbers of real-estate owned properties (REOs) and delinquencies are creating excess supply in housing markets across the country, putting additional pressure on prices already under stress from the post-tax credit drop in demand, according to the August report from Metrostudy, a leading provider of secondary and primary market data.

A broad swath of homeowners — those not headed for the worst-case scenario of foreclosure — are nonetheless grappling with the impact of lost home equity.

Foreclosure - Real estate - Business - Investing - Mortgage loan

The Standard & Poor's/Case-Shiller index shows a modest 1% gain over May figures, with prices in Los Angeles, San Diego and San Francisco increasing. However, some experts predict that the expiration of federal tax credits will have a negative effect.

A closely watched national index showed Tuesday that home prices rose in June, the last month that a federal tax credit probably boosted sales. Many experts predict a drop in values in coming months without the popular government stimulus.

Morris Bailey and Dennis Gomes are paying $35 million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues.

Real-estate funds saddled with boom-time properties are getting relief from Wall Street firms and other investors hoping to capitalize on their need for cash.

A half-dozen buildings on Second Avenue will house ventilation equipment, disperse smoke and allow for evacuation from subway tunnels in emergencies.

Developers in Midtown are refurbishing older buildings, using tax credits and public financing, as much as they are building from scratch.

The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years.

A Jacksonville hotel missed paying its mortgage despite $5 million in help from the Hyatt chain.

A one-bedroom condo in Philadelphia, a three-bedroom bungalow in Tennessee and a two-bedroom house in Wisconsin.

The Dutch company's expansion has yielded disappointing results due to the weak economy, competition and the difficulties of exporting Western shopping concepts to a country steeped in different traditions.

HUD Secretary Shaun Donovan created turmoil in the real estate industry when he said on CNN Sunday that a restoration of the homebuyer tax credit is "not off the table" and that it is "too soon to say" whether the administration's credit tax credit, which expired April 30, will be revived.

Kerry Properties bought a luxury residential site in Kowloon Tong for a higher-than-expected price at a government land auction.

Home prices rose in June for the third straight month amid a burst of home-buying due to tax incentives that have since expired.


Home - United States - Accounting - Tax - Conferences

You look back 10 years, what did you get? A little bit cleaner and deeper in debt. With apologies to Tennessee Ernie Ford, that’s a brief synopsis of how U.S. home life has changed during the past decade.


United States - Tennessee Ernie Ford - Tennessee - Government - Shopping

Real estate investigation, a big business in a borough like Manhattan with plenty of rent-regulated apartments ripe for exploitation, has picked up in the past year.

Simon Property Group said that it closed on its acquisition of Prime Outlets, which had come under FTC scrutiny for possible antitrust concerns.

The number of first-time homebuyers who purchased a home in July showed a significant drop-off compared with recent months after the expiration of the federal tax credit, new research shows.The new study by Campbell Surveys found that first-time homebuyers accounted for just 39.1 percent of purchases last month - the lowest reading in at least a year. As recently as this March, the ratio had been as high as 48.2...

While the downfall of Fannie Mae and Freddie Mac has long been deemed to be the result of purchasing bad mortgages, a new report from the Federal Housing Finance Agency says that wasn't the biggest issue.The report said that a much bigger factor on the companies' massive financial losses was their role as a guarantor of other mortgages, and not their own loan portfolios.Both Fannie and Freddie's loan portfolios did...

The role of the U.S. government in the housing and lending markets, is being reexamined. Treasury Secretary, Timothy F. Geithner, contends that the government's involvement in programs such as Freddie Mac or Fannie Mae has put it at too much risk, yet not so much that there is no place for the government within the housing market."There is a strong case to be made for a carefully designed guarantee in a reformed...

While the number of homeowners who are left paying an underwater mortgage is dropping, a new report shows that the decline doesn't mean the market is healthy.According to the research firm CoreLogic, the number of upside down mortgages fell from 11.2 million in the year's first quarter to 11 million this last quarter - approximately 23 percent of mortgages. In addition, another 2.4 million borrowers had less than 5...