Word: forecasts
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...sellers' markets for the last five years, and they're transitioning to buyers' markets," says David Lereah, chief economist for the National Association of Realtors (NAR). "Sales go down and prices follow. Sellers are stubborn, so there's a standoff." Lereah says he'll probably cut his forecast for price growth from 5% to 4% this year. It could be worse, but in certain mid-tier markets--like Cincinnati, Ohio; Dallas; Milwaukee, Wis.; Salt Lake City, Utah--prices didn't appreciate as quickly as in the hot zones, and aren't likely to fall as fast. In places like Phoenix...
...sale of $3 billion in bonds over 10 years to fund stem-cell research at California universities and institutions. Supporters said the law--the first of its kind in the nation--would be a fiscal and scientific jackpot, wooing top researchers and private investors to California. They also forecast that medical breakthroughs could produce therapies generating $4 billion in annual revenue within 10 years...
...great bystander sports at weddings is looking for clues that forecast whether this couple will last, or whether they'll just become another divorce statistic. You'll keep these thoughts to yourself, but the mental guessing is nearly impossible to turn off. You've got your hunches. You would have more confidence in the wedding if this couple had moved in together for six months to test-drive this relationship. You might not worry that she was raised in a broken home, but you do worry that he was married before. And the groom hasn't darkened a church door...
...projections about the future of China's travel industry also help to explain this frenzy of hotel building. Already the world's fourth most popular tourist destination, the country is expected to move into second position within a decade, according to the World Tourism Association. By 2020, China is forecast to overtake the U.S. as the world's most-visited country, pulling in some 130 million visitors a year. China's burgeoning domestic-tourism market is also critical in the bullish calculations of hotel companies. By 2010, the number of domestic tourists is forecast to soar from 1.2 billion...
...Gore initially refused to accept the disinvitation and demanded a reestimate of gas prices and the Texas forecast. But after Bush conference-called the Supreme Court and the justices supported his decision by a 5-4 margin, with Justice Scalia citing the precedent of Richie v. Hilton (2005), the former presidential hopeful meekly conceded...