Word: forecaster
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...price-rent ratio is based not just on home prices but on the cost of rentals too. So to figure out what will happen to home prices, you first have to make some assumptions about what will happen in the apartment market. Property & Portfolio Research does such a forecast, which is how Economy.com parlays price-rent ratios into projected house-price appreciation. Those figures tell us that the housing market remains a lumpy place - were price-rent ratios to return to normal, San Antonio would see a 22% drop over five years while San Diego would experience a 28% gain...
Sales and gaming taxes fill up about two-thirds of the state's coffers. In the past few years, tax revenues for Nevada had been gaining at a double-digit rate. Now they are forecast to shrink 9% in 2009. The state is probably going to have to cut in places like education and social services - and get creative with some new taxes on business. Even the Chamber of Commerce, usually an ardent opponent of business taxes, has discussed raising taxes for the first time...
...holiday party for the city, offering two hours of free wine and beer. "It keeps up the energy of the place," says Shalala, "and it's good for employee morale." People who came in for drinks stayed to eat and gamble; that night the hotel beat its forecast take...
Israel's strike on Gaza had been expected for days, but it was still a surprise when it finally came. Taking advantage of good weather, which is forecast to last at least three days, Israeli planes bombed some 40 Palestinian police stations, posts and other targets early Saturday morning, killing more than 150 people, including a number of senior Hamas military leaders. The first strikes came in a coordinated three-minute blitz...
...stay afloat by delaying commissioning of newer competitors. "Projects that have only just got underway, which are aimed at opening in 2010-11, will be put off," says Jain of JLLM, "They will face constraints in terms of financing and ability to complete projects, as well as downbeat forecast for the sector. This will reduce the pressure on [room rates] by keeping competition down." That may be a relief to some players, but will be small consolation for the industry as a whole...