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The troubled industry seeks a $15,000 credit for all home buyers, replacing a smaller incentive enacted this year that it contends failed to stimulate demand.
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REAL ESTATE
The seven-story project by developers Jerry Snyder and Michael Wise would open in 2011 on a Wilshire Boulevard site. >>
THE ECONOMYMortgage rates are still declining >>It affirms commercial real estate unit's profit outlook and says its consumer-finance unit has adequate reserves. >>
Are homeowners in denial? >>
Would-be borrowers who have been flooding lenders with phone calls find that standards have changed. >>
REAL ESTATE
The Frank Gehry-designed shopping center will feature a broad plaza surrounded by curving walls that open both to the street and toward the beach. >>
A building boom is endangering some of the most precious flora and fauna in Europe, and sucking an already arid region dry. >>
MORTGAGES
Borrowers could see rates fall, but investors in Fannie and Freddie may get hit hard. >>
MORTGAGES
A sharp drop in prices is cited, along with the resetting of ARM loans in California and Florida. >>
HOUSING
The state's 7.4% unemployment rate, a 12-year high, reflects job losses in sectors dependent on the real estate market. >>
NATION'S HOUSING
Websites hawking fake documents facilitate loan scams >>
A 15.4% quarterly drop is the largest in 20 years for one major indicator. June prices decline 25.3% in L.A. and Orange counties compared with last year, the index shows. >>
Tenants subsidized by federal Section 8 funds are finding themselves out of a home when the landlord defaults. >>
IN BOX
Dear Karen: My home business is growing and I'm considering a move to an office space. How do I decide whether to do it? Answer: Budget out your first-year office expenses and determine whether your revenue can keep pace. Figure in overhead, such as utilities and equipment, and personnel (you may need to hire an office manager or receptionist). Don't forget the loss of your home office tax deduction. >>
NATION'S HOUSING
-- Have the real estate valuation shenanigans and inflated home appraisals that characterized the boom years disappeared from the marketplace? >>
RETAIL
Stores feel the pinch as consumers shift to bargain hunting >>
Mortgage application volume fell last week to its lowest level in nearly eight years, the Mortgage Bankers Assn. said Wednesday. >>
RETAIL
Norbert Olberz has sought for decades to develop a commercial hub in La Cañada Flintridge that would contain his company's headquarters and a flagship store. >>
Housing prices are falling, and first-time buyers can't get credit. Sound familiar? >>
NATION'S HOUSING
Loan expenses will vary based on risk factors such as borrowers' credit scores, down payment size and type of loan. >>
The sale to Thompson National is one of the larger commercial real estate transactions this year. >>
Many consider the $59.2-million shopping center, slated to open in 2010, critical to Pacoima's economic revival. Half the center's permanent jobs are to be set aside for locals. >>
FROM OUR BLOGS
Mortgage insurer PMI Group's latest report on the risk of falling home prices concludes there are "two distinctly different paths" right now: Most of the nation's housing markets are showing signs of improvement, but bubble-inflated markets in California and Florida are showing signs of further deterioration amid rising foreclosures. >>
FROM OUR BLOGS
Lending units of KB Home, Lennar, Richmond American and other builders steered buyers into risky mortgages, a report by the group says. >>
REAL ESTATE
Maps, data, detailed listings come with some sites. But 'most visited' doesn't necessarily mean 'most helpful.' >>
OUT THERE
In the inland city, sold as a sort of Napa of Southern California, as many as 15% of the 22,500 single-family homes may be bank-owned or in some stage of foreclosure. >>
To some in Boyle Heights, a work made of tiles proposed for the Hollenbeck police station contains too many Latino stereotypes. >>
The residential boom many expected in an area with 'rough edges' didn't happen. Now, condo prices are skidding. >>
The transformation of office buildings into residential addresses fuels a resurgence of L.A.'s storied boulevard. >>
As the economy takes a toll on plans, observers focus their concern on two mega-projects: Grand Avenue and Park Fifth. >>
MORTGAGES
Defaults are climbing among option ARMs. Many require minimal monthly payments and no proof of income. >>
Plan calls for 1.25% levy on all residential and commercial property policies. Foes say it is a tax. >>
Tax revenue is down considerably across the nation, creating budget shortfalls and forcing hard choices on what to cut. >>
Vietnamese Americans are lured to the Texas city by cheap real estate, a lower cost of living and a burgeoning cultural enclave. >>
The suicidal killer, Robert Hawkins, stole his stepfather's rifle. The killing was over before police could arrive on the scene. >>
THE ECONOMY
The White House's move to deal with the growing foreclosure rate comes amid concerns about the '08 elections. >>
REAL ESTATE
The median last month was $444,000, down 8% from a year earlier. >>
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