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WSJ.com: Developments

J.P. Morgan?s Dimon Slashes Home Price
In what might be labeled a fire sale, J.P. Morgan CEO Jamie Dimon has chopped the asking price for his Chicago home by more than 25%.







Sunstone?s Deal for Big San Diego Hotel Scuttled
All isn’t sunny in San Diego. Developer Doug “Papa Doug” Manchester’s deal to sell the Manchester Grand Hyatt convention center hotel in San Diego to Sunstone Hotel Investors Inc. is off.







A Grain of Salt on Thursday?s Pending Sales Report
Economist David Rosenberg urged a note of caution when reading Thursday's positive pending home sales report.







Real Estate News: Mortgage Rates Fall to 4.32%
Here's a look at the real estate news in today's WSJ.







As Foreclosures Trickle Up, Hamptons Home Goes to Auction
A Hamptons home heads for the auction block as foreclosures trickle up.







Real Estate News: Pending Sales Rise in July
Here's a look at the real estate news in today's WSJ:



Residential Properties Ltd.

Pending Home Sales Rise in July: Stocks gained on Thursday after the National Association of Realtors reported that pending sales rose by 5.2% in July. Five Mistakes Home Buyers Make: From snubbing the real-estate agent, to failing to determine how much a buyer can truly afford, this list should help avoid some common pitfalls. Surprising Shelter: Real-Estate Funds Gain: Despite continued bad news about the economy and real estate's role in it, mutual funds and exchange-traded funds in the real-estate sector have rebounded during this past year. Fed's Pianalto: Multiple Solutions Needed on Housing: The housing crisis needs multiple, coordinated policy solutions, Federal Reserve Bank of Cleveland President Sandra Pianalto told a conference on Thursday. House of the Day: Providence Poet House: The poet who's lived in this 6,800-square-foot former carriage house finds it well-suited for writing. The Rhode Island home features seven bedrooms and an indoor fire pit.







Builder Bummer: Big Land Auction Cancelled
Today we wrote about the excitement surrounding a big California land auction that was set for Thursday. Well, the bidders should just stay home.







One Michigan County Offers Free Land
Muskegon County in Michigan is bartering land for jobs as its unemployment rate soars past the national average.







Serial Killer?s Former California Home Sells
Barbara Holmes and Tom Williams got a killer deal in the foreclosure auction for their new Sacramento home.







Congressman Wants U.S. Open Back In Forest Hills
As the fight to save the West Side Tennis Club's stadium continues, Rep. Anthony Weiner has asked the U.S. Tennis Association to consider holding one match a year at the decaying Queens facility.