Real Estate News

A venture headed by LandCap is buying $40 million in troubled land and construction loans from Wachovia.

Freddie 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.

The 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.

Home Depot's profit fell 24% on lower sales as the home-improvement retailer struggled to sell big-ticket items. (Home Depot conference-call transcript)

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.

Shares of Fannie Mae and Freddie Mac plunged amid concerns that the providers of funding for U.S. home mortgages won't be able to avoid a government bailout.

Donald Trump is negotiating a deal that would allow Ed McMahon to avert foreclosure and remain in his Beverly Hills, Calif., home.

When it comes to housing, it's a buyer's market -- especially for first-time home buyers eligible for new tax breaks.

Hong Kong's former top housing official Leung Chin-man stepped down as executive director and vice chairman of New World China, as the firm acknowledged that accusations of a conflict of interest had taken a political toll.

Ultramodern skyscrapers, new stadiums and a 610-meter-high television and sightseeing structure are in the works in Guangzhou, China's manufacturing hub, as it prepares to host the Asian Games in 2010.

The fate of a proposed $2.1 billion expansion of the Mall of America depends on how much money the City Council and the Port Authority of Bloomington, Minn., are willing to put up for infrastructure.

The struggle of 100 Eleventh Avenue, a glitzy condominium development on Manhattan's west side targeting well-heeled buyers, shows there's no such thing as a sure thing in the current wretched credit climate.