WSJ Real Estate
COMMERCIAL REAL ESTATE Mortgage Firms ‘Churning’ Refinance Loans to Veterans
Joe Raedle/Getty Images
A government agency is targeting lenders who aggressively push military veterans to refinance their home loans, leading the borrowers in some cases to rack up thousands of dollars in unnecessary fees.Chinese Developers Face Debt Reckoning After Boom
Greg Baker/AFP/Getty Images
A wave of local-currency debt coming due next year alongside new stricter lending rules are bearing down on China’s developers and posing a risk to the country’s economy. The twin threats combined with a widely expected property market slowdown portend a shift in fortunes for many home developers after they rode a housing boom and strong profits in this year’s first half.Housing Market Tilts Toward Sellers as Inventory Shrinks [WSJ Pro]
Swayne B. Hall/Associated Press
A housing-inventory shortage is creating a seller’s market, with strong demand pushing up prices even as the pace of home sales declines. Economists said the imbalances shown in two separate housing-market reports released Tuesday are likely to worsen in the coming months.
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An enormous ranch that borders the city limits of Fort Worth, Texas—and has been in the same family for five generations—is heading to market seeking $95 million.Levittown’s Luxury Makeover
Heather Walsh for The Wall Street Journal
When newlyweds Jean and William Heacock moved into their new 800-square-foot home in 1950, it had four small rooms, a carport and a built-in television—just like every other house on its street in Levittown, N.Y. Today, that Levitt ranch home has morphed into a 2,700-square-foot Mediterranean-style villa with a wrought-iron balcony and a stone and stucco façade. As America’s first planned suburb approaches its 70th anniversary, a look at how homeowners have upgraded their properties—sometimes beyond recognition.At One57, a Design in Search of a Homeowner
Evan Joseph Images
New York interior designer Jamie Drake was hired to create a luxurious living room for nobody in particular. His client was Extell Development Co., the company behind One57, an exclusive Manhattan condo building that overlooks Central Park. To lure prospective buyers, Extell asked Mr. Drake, of New York-based Drake/Anderson, to design and furnish a roughly 4,200-square-foot model apartment. The budget: over $1 million.
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- Alice Waters on Her Childhood Garden and France’s Slow-Food Revolution
Durston Saylor/Houlihan Lawrence
This owners of this New Canaan home took cues for the many floor-to-ceiling windows from the famous architect’s nearby Glass House.GREATER NEW YORK REAL ESTATE Manhattan Real-Estate Sales Rise, but Not for the Priciest Properties
Agaton Strom for The Wall Street Journal
Manhattan’s “ultraluxury” residential market—apartments priced at $10 million or more—stumbled in the third quarter while sales strengthened among lower-priced, albeit still expensive, properties. Meanwhile, a blizzard of price cuts by apartment sellers in the Manhattan market earlier in the year is beginning to slow, suggesting the market might have found a new balance at lower prices, brokers said.
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