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June 17, 2009 — 11:00 a.m.
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Condos Vie for U.S. Seal of Approval
A glut of new condominiums has prompted developers to use new marketing ploys to sell their units. One popular move: get a government stamp of approval for the entire building.
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A Castle in the Berkshires
Designed by Stanford White at the end of the nineteenth century for the widow of a railroad tycoon, this home on 64 acres is listed at $12.5 million.
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For a Green Thumb, Just Add Water
New “EZ” gardening products target first-time growers who want their own fresh food but don’t have the time — or desire — to toil away cultivating soil, weeding and fertilizing.
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Single-Family Home Starts Jump Again
Home construction rose 17.2% in May, with single-family starts up a third-straight month. Industrial output and producer prices fell.
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Lehman Property Boss Returns
Mark Walsh, the executive who loaded Lehman with toxic property investments, is part of a group that will take over the bankrupt firm’s real-estate private-equity arm.
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Warnings Preceded Lender’s Fall
Federal regulators repeatedly expressed concern with Downey Financial’s risk management and high concentration of risky mortgage loans before the bank’s failure.
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Home-Builder Confidence Falls
Confidence faltered in June among U.S. home builders, who were left uneasy by a rise in mortgage rates.
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Mortgages Climb Past 5.5%
Home-mortgage rates took another leap this week, bringing the average rate on a 30-year fixed-rate mortgage to its highest in seven months, Freddie Mac reported Thursday.
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Freddie’s Interim CEO Tries to Shed Job
John Koskinen has helped salvage a bankrupt railroad and owned an unprofitable soccer team. Now, he is running Freddie Mac and trying to find a new CEO and finance chief.
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Apartments in Hesse’s Home
Two apartments in the house where Hermann Hesse wrote some of his novels are for sale. Plus, James Schamus wants Hollywood to keep Ingmar Bergman?s estate as a film center. | Photos
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