<< Return to Real Estate News main menu WALL ST. JOURNAL REALTY NEWS WSJ.com: Real Estate Shocks in Commercial Mortgage Trigger Selloff in REIT Stocks These days, everything has a knock-on effect. Earlier in the week, an analyst report on the potential default of a couple of commercial-mortgage deals caused a big hit to the corresponding credit market. That, in turn, has caused a selloff in the stocks of REITs. Only a Buyer Knows a Home's Value The one point of widespread agreement in the real-estate industry: there is no single accurate index of home prices. Global Crisis Douses Hawaii Tourism High fuel prices, the bankruptcy filings of Aloha and ATA, and the nationwide slump in consumer confidence have slammed Hawaii's tourism industry. Fannie, Freddie Halt Foreclosures Fannie and Freddie suspend foreclosure sales and evictions on certain properties until January as it prepares for its loan-modification program. (Statements) Treasurys Gain, and Bonds Feel Pain Credit markets were at crisis levels, as investors flocked to Treasurys while dumping bonds tied to commercial real estate and corporate debt. Staci Coleman Telephone (615) 250-7706 Mobile (615) 424-8201 Contact Staci

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