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>Latest Housing News From Wall Street Journal

>Construction is proceeding on the Charlotte tower that was to have become Wachovia’s new headquarters, shown in a rendering. The bank’s sale raises many questions.

October 16, 2008 — 9:14 a.m. EDT

Fan-Fred Targeted in Mortgage Mess

Fannie Mae and Freddie Mac have become prime suspects in the political debate over who caused the mortgage meltdown.

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Living the High Life

Perched on high, penthouses offer breathtaking skyline views and often provide more privacy and space than units on lower levels. See three on the market today — in Boston, New York and Miami.

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Mall Shares Slide on Retail Fears

Stocks of mall owners slid by 14% as the sharp drop in retail sales stoked fears of higher vacancy rates and declining rental rates for landlords.

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Jersey City’s Boom Is Set Back

After years of speculative building, public-relations campaigns and plenty of dreams, Jersey City, N.J., is starting to resemble New York City’s sixth borough.

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No Quick Fix for Housing Prices

The rescue plan for the U.S. financial industry doesn’t directly address the root cause of the crisis: falling home prices.

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Housing Bubble Bursts in London

The financial crisis is taking a heavy toll on London’s once-thriving property market.

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With Wachovia’s Fall, BofA Stands Alone

Charlotte office-building owners may need to brace for demand to soften and office rents to decline as this banking center’s property market feels the impact of the financial crisis.

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Corus’s Condo Crater

Corus Bankshares has taken ownership of a 765-unit development in Panama City Beach, Fla., for which it lent $146 million.

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U.K. Property Firms Retrench

Commercial-property companies in the U.K. are selling assets and putting developments on hold.

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Merrill Targets Asian Real Estate

Merrill Lynch raised $2.65 billion for an Asian real-estate fund in a sign that investors see opportunities in the region’s weakened property markets.

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