Word: evens
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Certain markets are faring better than others. Boston, parts of southern California, Houston and Dallas have seen sales and prices start to pick up. Even though California was the epicenter of the boom and bust, prices have bottomed in many of its markets, especially for entry-level buyers. "Whenever a foreclosed property comes onto the market [in California], usually there are 10 people ready to jump on it," says Yun. The weakest markets include Florida, Las Vegas and Phoenix, which saw the largest pricing gains in the bubble years, as well as Michigan and Ohio, where job losses have been...
...might take even longer for true strength to be evident in the housing market. "Recent estimates suggest that it would take about 33 months to clear all troubled mortgages at the current pace of liquidations," wrote Merrill Lynch analyst Michael Hanson in a recent note. Alex Barron, founder and senior research analyst at Housing Research Center LLC, has similar worries: "We need to be concerned about the homes that are significantly underwater but haven't yet defaulted," he says. "It may take another two, three or four years before we're well on our way towards a real recovery...
...similar report in 2002 estimated that only 10% of the gorillas' habitat would remain by 2032. But the authors say even that dire prediction was optimistic. At the time, researchers did not predict the rise in Chinese demand for timber or the extent of mining in Congo. "Ten years ago, when we did the other report, China and the rest of Asia were not major players in Africa, and now China has up to 40% of the wood-and-mineral trade," Christian Nellemann, a U.N. Environment Program official and the report's lead author, tells TIME. "We have new satellite...
...Even with the stellar efforts of their party leaders, though, the victory would not be possible without the audacity of individual Democrats in the House and Senate. Healthcare was a bitterly divisive issue, and the American public trended toward opposition to the bill. Democrats in more conservative districts who voted for the law jeopardized their popularity and possibly even their jobs. It is rare in this era of campaign individualism for politicians to place principles before reelection, and those Democrats who accepted this risk deserve recognition. Considering this political gamble, constituents in favor of the new healthcare law should show...
...Restaurant Week ends today. Since there’s really only day left, we thought we’d suggest a few local Cambridge options where you can enjoy either a two-course lunch for $15.10, a three-course lunch for $20.10, or a three-course dinner for $33.10. Even if you don’t have time, make time, as subsidized HUDS alternatives are few and far between...