The federal government takes over mortgage giants Fannie Mae and Freddie Mac. Congress approves a spending package worth up to $700 billion in an effort to snap the credit crunch. IndyMac Bank fails. Bank of America absorbs Countrywide, JP Morgan Chase picks up Washington Mutual Bank, and Wells Fargo & Co. grabs Wachovia Corp. Zillow and Redfin announce layoffs. Help-U-Sell and LandAmerica enter bankruptcy proceedings, Canada’s Brookfield Residential Property Services buys GMAC Home Services LLC.

The real estate landscape has changed much in the past year — and it ain’t over yet.

Inman News is compiling a list of the top real estate news stories of 2008, and we want your input.

Please send us your pick for the real estate industry’s top news event of the year, and a brief description of why you believe it is so important.

We’ll be compiling your responses and will publish some comments in upcoming articles.

To participate, send an e-mail to: readeropinion@inman.com. Use "Top Story" as the subject line, give us your pick for the top news event of the year, and add a brief comment about why it is so important. Please include your name, title, company name and your location (city and state) in your response.

You can also add your comments to this article (below).

 

***

What’s your opinion? Leave your comments below or send a letter to the editor.

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