Word: dropping
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...worth paying, many people would probably say that one that helps build a foundation under the value of their own homes is high on the list. The process may create an atmosphere that looks and feels like socialism, but if the net effect is that the drop in housing prices is reversed in short order, even free-market advocates may tolerate this plan rather than watch the world burn...
...This program has powerful underlying economic logic, even though it might initially seem to be the creation of lunatics. When a home goes into foreclosure, it lowers the value of all the nearby homes. The sharp drop in home prices over the past two years has, as a root cause, the abandonment of properties, which adds to housing supply in a disorderly manner. After a foreclosure, a house is not sold based on economic logic but on the desire of banks to stay out of the business of owning residences. The National Association of Realtors said the average value...
...dismal. "What we have to do is make sure the passionate fan becomes more passionate," says Burton. "We have to make sure the casual fan becomes the passionate fan." There's just one crucial thing Burton and NASCAR can't do for their fans. They can't drop more cash in their pockets...
...overvalued. Economists disagree by how much, and the answer changes from region to region. Houses in Cleveland are undoubtedly cheap. They could use some new home buyers there. But if we're still not in the ballpark of normality overall--and certain market watchers think we might see prices drop an additional 10% to 15% nationally before this thing is over--then spending billions to spur on buyers won't be a magical fix. "To prop up prices above fundamentally justified levels is throwing good money after bad," says Joe Gyourko, professor of real estate and finance at the University...
...soda, the beverage of choice for whatever letter generation the day’s youth happens to have been prescribed, “responsibility” is not a word that comes to mind when one thinks of Pepsi.In response to a recent two to five percent drop in sales across different PepsiCo. properties, the Pepsi cans, bottles, and advertisements with which we are all familiar have been redesigned. The original white tilde has shifted into a sort of off-kilter, swirling “smile,” the size of which differs between Pepsi products...