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Australian Residential Sales Start Weakly In 2012

New home sales in Australia began 2012 on a weak note, a disappointing outcome given there was also a fall in December last year, according to the Housing Industry Association, the voice of Australia's residential building industry.

Multi-million dollar resort on Dubai’s World island project cancelled

A five star villa resort located on one of the man made islands on Nakheel's The World development in Dubai is set to be cancelled by the emirate's real estate regulator, it is reported.

Fannie Mae and Bank of America's Bad Romance; Mortgage Meltdown Killed Relationship

Like scorned lovers, Bank of America (NYSE:BAC) and Fannie Mae, the government-controlled mortgage giant, are having a very public falling out.