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The Wall Street Journal Online - Real Estate Update Email
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October 18, 2008 —

The One Place on Earth

Why a family vows to rebuild their home on Galveston Bay after Hurricane Ike destroyed it.

* * *

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.

* * *

Housing Starts Hit 17-Year Low

Housing starts slid 6.3% in September, the third straight monthly decline. Consumer sentiment fell sharply.

* * *

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.

* * *

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.

* * *

FDIC Chief Criticizes Rescue

FDIC Chair Sheila Bair criticized the rescue plan for not addressing foreclosures, highlighting a rift between her and other senior officials.

* * *

Venture Strikes Land Deal

CIM is leading an investor group that paid $48 million to buy a 68,000-acre California ranch with plans to develop it as a wind farm.

* * *

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.

* * *

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.

* * *

Housing Bubble Bursts in London

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

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