What's Hot on HousingWatch This Week

There's no good news from the Dallas real estate scene this week, with a resort slipping into foreclosure and the area's most famous spec house selling for 30% under asking price. See what other (and hopefully better) news we had for Dallas-ites and everyone else this week on HousingWatch:

1. Texas Luxury Housing: Four Seasons Las Colinas Foreclosed
The effects of the bleak Dallas real estate market have reached even the storied Four Seasons hotel chain, with their Irving, TX Las Colinas resort skidding into a $122 million foreclosure. Will the surrounding housing developments feel a ripple? Read more.

2. Dallas' Most Expensive Spec Home Ever Sells for 30% Under Original Price
And speaking of the bleak Dallas real estate market... The $18 million home that seemed purpose-built for a resident like George W. Bush with its concrete shell, built-in bomb shelter, and copious parking for Secret Service agents, has just sold for a stingingly low $12.5 million after two years on the market. Read more.