'3 Hebrew Boys' Fraud Trial to StartSource: TheState.com
Jury selection is scheduled to start today in the federal case of three Columbia-area men accused of running the $82 million "3 Hebrew Boys" investment scheme.
1 in 5 Homeowners Underwater: Would YOU Walk Away?Source: realestate.yahoo.com
...Fewer walking away than you think
Almost 20% of homeowners - or 8.3 million people - are "underwater" on their mortgages, owing more than their properties are worth. Another 2.2 million are near that drowning point, known as "negative amortization."

This must have been the quickest advert made in history! One minute, John McCain cannot remember how many houses he owns while being questioned in an interview on Politico, and the next minute the Obama Team has an advert attacking that poor memory, reminding him of just how many …
Central Phoenix condos will offer green luxury livingSource: The Arizona Republic
Real estate may be lagging in many areas in the Valley, but the demand for sustainable luxury living remains high, some say. A developer plans to bring a high-end project for those potential homeowners to central Phoenix.
New York Condos Lure Deal-Seeking Europeans Source: The New York Times
The sidewalks of Manhattan are crammed this month with European tourists on shopping sprees, picking up gifts that cost far less in the United States than they do at home because of the weak dollar. But they are not just crowding into boutiques and department stores.
Real estate: Buy, sell, or hold?Source: CNN
From suburban porches and city terraces, they're gawking at a housing world gone mad. Just 18 months ago, folks on a tony Linden Lane or a leafy Boxwood Court were astounded to see the colonial their neighbors bought for $600,000 in 2000 sell for $1.5 million after multiple bids.

CNBC's "Realty Check" reported today that home prices are falling at "a record pace." The national Q3 percentage drop year over year was 4.5%. This could affect jobs, taxes, and general growth in the market. So what do we do with all this "doom and gloom?"
Book-Cadillac condos: Hot, hot, hot (Detroit Renaissance)Source: CNET News.com
Despite southeastern Michigan's sickly housing market, condominium sales have been brisk at the 1924 building, being revived as a hotel, restaurant and residential complex. Already, 61 of 67 condominiums in the Louis Kamper structure are spoken for.
North Myrtle Beach HotelsSource: myrtle-beach-hotels.alldirectory.info
North Myrtle seashore is nine miles along the northern coast of South Carolina. It is north of Myrtle seashore and just south of Barefoot corridor. It is stillnesser than its sister city, Myrtle seashore.
Boom of condo crash loudest in MiamiSource: The Orlando Sentinel
MIAMI - The champagne-popping days are over for Natalie and David Luongo, who banked enough money flipping a South Florida condo three years ago to stage a $100,000 wedding.
Condos for $1Source: stuckonthepalmetto.blogspot.com
Condos are going to be auctioned off to the highest bidder with no minimum bid. So if you bid a buck, and no one outbids you, the pad is yours!! The blogpost links to an article about the auction, a review of the apartments, and some opinions about the auction itself.
Mortgage acceleration without extra payments?Source:
What if you could get a 15 year amortization with a 30 year payment? Now that would be tremendously helpful, wouldn't it? You can actually envision a day that you actually pay off the house! Seems impossible right now for most of us but that is exactly what is available through …

The national real estate downturn has affected the Minneapolis-St. Paul market very hard. Since January 2006, over 2500 Minneapolis area homes have been sold at foreclosure auctions.