Word: haven
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Dates: during 2000-2009
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Even if the tax credit is extended, don't expect it to trigger a quick housing rebound. Although home prices have plunged about 30% on average from their peak in mid-2006, with certain markets in Florida, California and Nevada seeing prices plummet as much as 70%, they haven't troughed yet. With foreclosures still rising and unemployment expected to approach 10.5% in mid-2010, home prices are expected to tumble another 10% over the next six months before bottoming, says Robert Stevenson, managing director at Fox-Pitt Cochran Caronia Waller. And he expects prices to remain depressed until...
...properties are going to be upside on the loan amount. In other words, the homes will be worth less than what's owed on the loans. The only way these loans will qualify for modifications is if the lenders took a huge principal-balance write-off, and we just haven't seen any appetite for that...
...those who haven't had a meteorology class since middle school, a quick review of Weather 101: Colder air encourages precipitation, so when the temperature drops at high altitude, water naturally condenses out of the air. Clouds are formed when this moisture, suspended in tiny droplets or crystals, meets a condensation nuclei - small particles of dust or ice that are blown about the upper atmosphere. Without these small particles, clouds can't form...
...didn't come up with them off the top of our heads," admits James A. McFadden '10, CEB vice-chair and a Crimson editorial writer. "There's definitely plenty of those I haven't thought of either." More after the jump...
...talking about that we're now going to give out the Nobel Peace Prize not for what someone has done but for what we hope they do. If this is the case, since I'm a musician, I'd like to go ahead and get a Grammy. I haven't been on Broadway, but I did see Jersey Boys a couple of weeks ago. I think a Tony would be nice. From this latest book, I appreciate my Pulitzer in advance...