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Yahoo! News: Business - Real Estate
Court battle set over giant NYC housing complex (Reuters)
Reuters - The future of an 80-acre New York apartment complex will be at stake on Thursday as a judge considers whether a venture led by a prominent hedge fund investor may conduct a foreclosure auction.
Banks to allow local groups to buy foreclosures (AP)
AP - Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.
Mortgage applications rise 2.7 pct on low rates (AP)
AP - Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments.
Construction activity declines 1 percent in July (AP)

\"InAP - Construction spending tumbled in July to the lowest level in a decade, as the housing market struggles in the weak economy and without a popular home-buying tax credit.
Gold, silver rise as investors seek safer assets (AP)
AP - Wary investors turned to gold Tuesday, sending the price to its highest level in two months, despite slightly more optimistic economic news.
Stock investors brace for another ugly September (AP)

\"FILEAP - The economy is weakening, home sales are plunging and stocks are on a long slide. Now comes something even scarier for investors — the beginning of what is traditionally the worst month in the market.
Forget Treasuries. Buy Convertibles Instead. (The Motley Fool)
The Motley Fool - The recent pullback in the stock market has many investors running for cover. Meanwhile, fear of an imminent double-dip recession and concerns about renewed pressure in the housing market has pushed bond prices to historic highs, reducing bond yields and creating an income crunch for savers. Throughout 2010, billions of dollars have gone into bond mutual funds, and the trend shows no sign of reversing anytime soon.
No decision on reviving homebuyer credit: Donovan (Reuters)

\"AReuters - The Obama administration has not decided whether it should resurrect a popular tax credit for first-time homebuyers, Housing and Urban Development Secretary Shaun Donovan said on Sunday.
2 new programs planned to help homeowners (AP)
AP - The Obama administration's top housing official says several new programs are in the works to help try to revive the housing market.
Architectural gems languish on Calif. home market (AP)

\"LaAP - The home sale slump has left some dwellings designed by Frank Lloyd Wright and other architectural luminaries languishing on the Southern California market.
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