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...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 at least 2011. (See high-end homes that won't sell...

Author: /time Magazine | Title: Should the Home Buyers' Tax Credit Be Extended? | 11/4/2009 | See Source »

Still, many analysts believe the 2009 stock run-up among homebuilders has gotten ahead of the sector's pending recovery. "The stocks have gone too far, too fast," says Rob Stevenson, managing director at Fox-Pitt Cochran Caronia. Stevenson isn't surprised by the insider selling at Toll Brothers: "We think the group has gotten overvalued and that a pullback is likely." After all, he notes, "they're still not producing a profit...

Author: /time Magazine | Title: Insider Selling at Toll Brothers Concerns Investors | 9/25/2009 | See Source »

...think you're seeing the cycle repeat itself all over again, and Starwood and all of these guys are seeking to capitalize on the dislocation in the credit markets and purchase distressed debt that's out there," says Fox-Pitt Kelton Cochran Caronia Waller analyst Matthew Howlett...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

...smashed." At Elaine's restaurant on Manhattan's upper East Side, tables were moved outdoors for a block party. The guests included Woody Allen, Al Pacino, Andy Warhol and Designer Calvin Klein. At One Fifth, a Greenwich Village restaurant decorated with fittings from the cruise ship R.M.S. Caronia, a patron quipped: "We've hit an iceberg." Pianist Nat Jones scrounged a candle to light his keyboard and played It Ain't Necessarily So. Unfortunately...

Author: /time Magazine | Title: THE BLACKOUT: NIGHT OF TERROR | 7/25/1977 | See Source »

Cruises come in all shapes and sizes, from the Caronia's annual round-the-world ($2,875-$ 14,000) to Eastern Steamship Corp.'s all-expenses weekend sprees starting at $59 between Miami and Nassau. There are special cruises emphasizing bridge (with Charles Goren), culture (Japanese brush painting and photography). And for the "adventurous"-meaning those with a hankering for hardship, seamanship, courtship or strong drink-there is something called a "Windjammer Cruise...

Author: /time Magazine | Title: Recreation: Down to the Sea | 5/15/1964 | See Source »

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