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...tree-covered hummock, and almost as soon as herpetologists Shawn Heflick and Greg Graziani hop off the airboat armed with snake hooks, they find a 10-foot Burmese python slithering through the mud. Graziani swoops down and grabs the angry serpent's tail while Heflick goes for the other end. After a brief struggle, during which Heflick gets his hand bloodied by a sharp snake tooth, they pull the python's head, with its camouflage-like design, into their clutches. "It was trying to cool off deep down there in the slime in this heat," says Heflick, lifting the python...
...Iran Cracks in the Cabinet Following Iranian President Mahmoud Ahmadinejad's controversial June 12 re-election and the violent protests it sparked, a series of dismissals and resignations in his inner Cabinet have complicated efforts to put together a new government before the end of August. The departures appear to represent an ongoing schism among Iranian hard-liners in the protests' aftermath...
...that are for sale by desperate, underwater owners. Through the Robertses' kitchen window, they can see tall weeds in the empty lot next door. Their house was built in 2005, but then the crash came. The builder has yet to return to finish the development. (See pictures of high-end homes that won't sell...
...Normal Now, there are signs in some places that we are nearing an end to the downward spiral that reduced house prices 32% nationwide and, according to the Mortgage Bankers Association, erased $3.5 trillion worth of home equity. New-home sales are ticking up, and for the first time in three years, the S&P/Case-Shiller home-price index, which tracks changes in home prices in 20 U.S. cities, has shown a monthly gain...
More important than absolute prices, though, is how they relate to what people earn. To gauge housing affordability, the data shop Fiserv compares the cost of houses with household income. By that count, homes nationwide at the end of March were only 7% more expensive than they were in 2000, before the bubble. In some markets - including Phoenix, Atlanta, Las Vegas and San Jose, Calif. - they were actually cheaper. In a way that they haven't in a very long time, home prices are starting to make economic sense...