Word: california
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Dates: during 2000-2009
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Even if the tax credit is extended, don't expect it to trigger a quick housing rebound. Although home prices have plunged about 30% on average from their peak in mid-2006, with certain markets in Florida, California and Nevada seeing prices plummet as much as 70%, they haven't troughed yet. With foreclosures still rising and unemployment expected to approach 10.5% in mid-2010, home prices are expected to tumble another 10% over the next six months before bottoming, says Robert Stevenson, managing director at Fox-Pitt Cochran Caronia Waller. And he expects prices to remain depressed until...
...Democrats, the volunteers focused most intensely on the Maine referendum, known as Proposition 1. The Democrats have been teaming up with the QSA to campaign against Prop 1 every Sunday for the past month. “Especially after Prop 8 passed last year and eliminated gay marriage in California, it’s definitely an important race,” Wenger said...
...Still, with the loss in Maine, the focus inevitably turns back to the courts, and for now that means back to California. That's where former U.S. Solicitor General Ted Olson and powerhouse attorney David Boies have brought a suit insisting that the Constitution forbids any law that prohibits gay marriage. Bonauto won't comment on the criticism that gay-rights groups heaped on Olson when he filed the case, saying it was premature given the heavily conservative bent of the federal judiciary. But she said to win across the country, gay-rights supporters must press the marriage case wherever...
...Maine's vote, much like all of the states before it, including California's vote on Prop 8 a year ago, will do little to slow the fight over gay marriage. Not in Maine, where Tuesday's vote was only the equivalent of a veto and can be easily reversed by lawmakers when they next meet, and not in the rest of country, where the issue continues to roil courthouses and statehouses alike. "Ultimately, this is going to have to have a national resolution," says same-sex-marriage activist Mary Bonauto, one of the nation's top lawyers involved...
...Pushing the issue to the courts, however, has paid uneven dividends for gay-marriage supporters. While courts have followed Massachusetts' lead in Vermont, New Hampshire, Iowa, Connecticut and California, voters who have had a chance to weigh in have uniformly rejected that thinking...