Word: rosee
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...picture is brightening in pockets of the country, where there are nascent signs of a bottoming: the rate of decline slowed in August, according to Case-Shiller, and in September, existing home sales rose 6% nationally. That means buyers are finally being lured to the market by low prices. In Los Angeles, and even in Miami, there is evidence that the housing market is lifting its head off the deck, even as foreclosures continue to pile up and prices edge downward. Some banks are grudgingly agreeing to short sales--that is, selling below the mortgage amount--and doing some workouts...
...glibly write about growing poverty in South Africa. This "conventional wisdom" is repeated in "Verbatim" [Oct. 20]. It simply isn't true. Measures of income generally show that poverty has fallen by as much as 20% over the past seven or eight years. One reason has been that employment rose considerably during the mid-2000s; another is that social-assistance programs now reach 12 million South Africans. It is true that inequality seems to have increased, but that is because of the rising incomes of the wealthy and the professional and managerial classes. Alan Hirsch, PRETORIA...
...PEPPER sticking by promise to give free soda to everyone in America if AXL ROSE releases Chinese Democracy before...
...there are nascent signs of a bottoming out. The rate of sales decline slowed in August, according to Case-Shiller, and in September existing home sales rose 5.5% nationally, which means buyers are finally being lured to the market by low prices. The big question: Will a recession that is gaining momentum break through housing's floor again? In other words, Is this real estate's dead-cat bounce...
Sure, there are signs the real estate market may be turning. In September, home sales across the country rose 1.4% from their level a year ago, which is the first annual increase in that measure since November 2005. In some areas of the country, where prices have fallen dramatically, like Fort Myers, Fla., and Sacramento, Calif., sales are up much more than that. But nationwide, the pace of purchases are still 25% below where they were three years ago. And the number of homes on the market waiting to be sold, 4.3 million, is still up 1.3 million from three...