Word: realtors
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Dates: during 2000-2009
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About the only bright spot with the current housing crisis is that the median cost for housing is dropping. The Greater Fort Lauderdale area shows a drop in its median condo prices, from $160,000 last year to $115,000 today, according to the Realtor Association of Greater Fort Lauderdale. That's good for those who have money in their pockets or access to credit. While homes in the area may be more affordable, some potential buyers are having trouble coming up with the money to purchase them. But for now, Florida's governor would be happy to help homeowners...
...docklands development where Barclays, Morgan Stanley, Credit Suisse and many others have their offices. Greenwich is just a short hop from the wharf, thanks to the Docklands Light Railway, which linked up parts of once dilapidated east London in the '90s. Liam Bailey, head of residential research at realtor Knight Frank, says the gentrification started a decade or so ago, and has accelerated in the past five years. Knight Frank is currently offering plush one-bedroom apartments with river views there starting at about $500,000 apiece...
...fuel, much less food. It hasn't helped matters that many of the evacuees encountered overcrowded, dirty makeshift shelters only a week ago. Nevertheless, many Louisiana residents haven't been taking chances. "You can't find a hotel room in Hattiesburg - people booked early," observed Gwen James, a realtor in that south-central Mississippi city, which has become kind of hotspot for evacuees partly because it lies far inland, along Interstate 59. Indeed, hotels from St. Louis to Atlanta have been fielding calls from hurricane-weary Louisianans looking for the refuge they might need - yet again...
...everyone is just looking for temporary shelter. Since Gustav, Bruce Kammer, a Pearl County, Miss., realtor, says he's received calls from New Orleanians saying, "We've had enough. I want to come up and see what you've got." Lucky for them, in the three years since Katrina, scores of homes have been built. But prices there are often in the $230,000 to $260,000 range - well above the $140,000 to $170,000 similar properties commanded before Katrina. Kammer's selling points include the fact that towns like Picayune and Poplarville, about 50 miles east...
...Palestinian (the very attractive Emmanuelle Chriqui) and, indeed, the shop is located on a rundown street, one side of which is occupied by Israeli shopkeepers, while the other is rented out to Palestinians. They exist in uneasy, yet potentially volatile, harmony. They are, however, threatened by a greedy realtor who's raising their rents in order to drive them out so he can erect a neighborhood-busting shopping mall...