Word: markets
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Dates: during 2000-2009
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...unfurled and people are realizing that prices don't always go up, houses are getting smaller - and more practical. Instead of feeding the desire for flash, architects and homebuilders are responding to how families actually spend time and use space, as well as to new buyers entering the market. "A house is back to being a house," says Stephen Moore, a senior partner of the architecture and planning firm BSB Design in Des Moines, Iowa. (See high-end homes that won't sell...
...fact that people are staying single for longer but still want to buy homes, and there's a whole new taste afoot - Santa Barbara-based B3 Architects is building a series of 800-square-footers. "The big-box house is no longer the market," says Charles Shinn, principal of the builder consultancy Shinn Consulting in Littleton, Colo...
...housing that has been built doesn't fit the market any longer," says Berkus. Which is part of the reason that, even with so many existing homes sitting unsold, we keep building...
...first-time-home-buyer tax credit that's been helping juice the housing market is set to expire on Nov. 30. A lot of people don't want to see that happen. Since some of those people are in Congress, there's a decent chance the credit will be extended into 2010. Among the bills floating about are ones that would grow the amount to $15,000 and make all home buyers - not just those who haven't owned before - eligible. One policy-analysis shop puts the odds of some extension at 2 to 1, despite a cost that could...
...This makes little sense. Since the credit first passed last year, the logic of our financial rescue has evolved. The panic phase - the time when so many felt government had to act boldly and at any cost - has passed. Slowly, the free market is easing back in. Consider the federal guarantee on money-market mutual funds, which was slapped together a year ago to prevent a run on a key part of our financial system. That backstop expired on Sept. 18. It wasn't renewed. (See pictures of the global financial crisis...