Word: droppingly
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...Miami for a generation," Zalewski told TIME. "Well, at least seven years," he said before modifying his forecast yet again. "Let's go with a decade," he finally concluded. Let's. The latest Case-Shiller Home Price Index for a 20-city composite showed that prices recorded a 1% drop in August and were down 16.6% for the past 12 months. Miami had a 1.8% monthly drop and a 28.1% tumble over the past year; in San Francisco, it was -3.5% monthly and -27.3% for the year...
...Chicago's market is faring better than many. Roughly 75% of the 4,900 condominium units under construction in Chicago's downtown are already sold. But it's not out of the woods just yet - next year, the number of new units coming onto the market is expected to drop to 4,600, but only 60% are sold, according to Appraisal Research Counselors, a consulting firm that tracks downtown Chicago real estate. Developers are considering alternatives like offering rentals, establishing rent-to-own plans and dropping sales prices. Talk of new projects has ceased...
...assessor, there are 926 new or expanding businesses in Charlotte through the first three quarters of this year, compared with 898 at the same time in 2007. Retail vacancies are at 5.9%, the lowest rate since 1988. There were 9,552 new jobs created, though that marked a 15% drop from the same period last year...
...along with it, in what is now the biggest decline in bank shares in 21 years and the latest sign that the global economic crisis is spreading further into Japan's financial system. Mitsubishi UFJ and Mizuho Financial Group, Japan's second largest bank, led the fall with shares dropping 15%, followed by an 11% drop in the shares of Sumitomo Mitsui Financial Group, Japan's third-largest lender...
...foreign fighters from Syria into Iraq was Washington's chief complaint with Damascus following the 2003 invasion. Analysis of al-Qaeda documents seized by American troops in Sinjar in northern Iraq last year suggested that 90% of foreign fighters entering Iraq came from Syria. However, the figures have dropped significantly, according to U.S. officials. In July, an estimated 20 fighters per month were reported to be entering Iraq, an 80% drop compared with a year earlier. In September, Secretary of State Condoleezza Rice told the pan-Arab daily Al-Hayat that the number of foreign fighters crossing from Syria into...