Monday, September 10, 2007

Tampabay.com - "Trump condos still up in air" (9-8-07)

"This week was supposed to climax Trump Tower Tampa's two-year pursuit of financing. Area developer SimDag LLC promised either to seal a deal to build the $300-million luxury high-rise or concede defeat and refund buyers' deposits on condominiums costing up to $6-million."

The San Diego Union Tribune - "Job losses seen as sign of rising risk of recession" (9-8-07)

"The nation's job market took a serious and unexpected turn for the worse last month, raising the risk of a recession and putting added pressure on the Federal Reserve to keep the ailing housing industry from infecting the rest of the economy. The Labor Department reported yesterday that 4,000 jobs were lost from July to August, with the deepest cuts coming in industries connected to housing, such as construction and manufacturing."


Los Angeles Times - "U.S. housing woes go south -- to Baja" (9-8-07)

"The ripples of the U.S. real estate boom began washing up on the shores of this beach town a few years ago. Californians, feeling flush from the steep run-up in housing values stateside, pulled equity from their primary homes and snapped up vacation properties in northern Baja California as if they were buying $10 lobster dinners."

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