WALL ST. JOURNAL REALTY NEWS WSJ.com: Real Estate Foreclosures Increase Again The rate of U.S. home mortgages overdue or in foreclosure surged again in the second quarter, a survey found. Toll Brothers Swings to Loss Toll Brothers swung to a loss as the U.S. housing-market declines led to more write-downs for the builder and sales continued to fall. California Seeks to Curb Sprawl California lawmakers passed a bill aimed at cutting carbon-dioxide emissions by requiring cities and counties to prevent urban sprawl and improve public transportation. GMAC to Shrink ResCap Business GMAC and its ResCap unit plan to close all 200 GMAC Mortgage retail offices and cut 5,000 jobs, in a plan that could lead to savings of $1 billion. U.K. Aims to Revive Housing Market Britain's Brown unveiled the first in a series of measures to prop up the housing market and boost his approval ratings. Starwood, Sands Plan Vegas Venture Starwood Hotels' high-end St. Regis brand will make its first appearance on the Las Vegas Strip under a deal in which Starwood will manage a condo development for Las Vegas Sands. JESSICA ECK BROKER, OWNER, REALTOR® (612) 251-5884 SARA SCHULMAN BROKER, OWNER, REALTOR® (612) 386-0990   TWIN CITIES | MINNESOTA FAX: 1-866-388-6260

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