Industry NewsMarkets & Economy

A grim 2008 in real estate

A look back at the year's top stories

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Editor's note: The following stories, published this year by Inman News, describe some of the most momentous events impacting the real estate industry in 2008. For more news highlights, click to view "2008: The Year of the Bailout," an Inman News Special Report. (Inman News will not publish on Thursday, Jan. 1, and Friday, Jan. 2. Happy New Year's to all of our readers.) The Federal Reserve and federal government worked to lessen the impact of a financial disaster in 2008 through a series of unprecedented actions that included pumping hundreds of billions of dollars into banks and other financial companies and the takeover of secondary mortgage giants Fannie Mae and Freddie Mac. Following is a list of 10 top news stories in 2008: 1. 'Frannie' bailout makes money cheaper, not easier The federal government took over Fannie Mae and Freddie Mac in September, a drastic move intended to keep the government-sponsored entities afloat and restore some stability for the c...