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...prices, and buyers are patrolling from the sidelines, hoping for fire sales. "We've had 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...

Author: /time Magazine | Title: The Boom Is—Is Not!—Over: The Great Real Estate Debate | 8/6/2006 | See Source »

Experts in market psychology say stubborn sellers have a classic case of denial. Richard Peterson, a San Francisco psychiatrist who specializes in financial decision-making behavior, points out that "people would rather gamble and hope prices come back. They ignore information suggesting that prices are dropping." It's the same mentality that leads blackjack players to double down in a losing streak...

Author: /time Magazine | Title: The Boom Is—Is Not!—Over: The Great Real Estate Debate | 8/6/2006 | See Source »

...farther south: through Virginia's fields and leafy forests, into North Carolina, South Carolina, and eventually Georgia. As Davis's scattered generals-Lee, Joseph Johnston, and Richard Taylor, among others-one after another, laid down their arms, the fifty-six-year-old president, deep into spring, still nourished stubborn hopes. If he could somehow link up with Southern troops still in the field, perhaps those in Texas under General Edmund Kirby Smith, he and his brethren in gray might reconstitute themselves as a guerilla movement. And, if they could do that, who knew how long the Confederacy might be able...

Author: /time Magazine | Title: The Odyssey of the Shenandoah | 6/26/2006 | See Source »

Providence is for rebels. the capital of the U.S. state of Rhode Island was founded in 1636 by Roger Williams, a stubborn Baptist banished from Massachusetts for criticizing that colony's government. He saw his exile not as punishment, but as a sign of God's "many providences." Dissenters would always be welcome here - the city, he said, would be a "lively experiment." It worked. The motto on the city seal is no obscure Latin phrase, but the salutation used by the local Indians to greet Williams: "What cheer?" Visitors[an error occurred while processing this directive] to Providence...

Author: /time Magazine | Title: Rhode Trip | 6/22/2006 | See Source »

...destroys you or makes you stronger," Iqbal says of his incarceration. "I think it made me stronger." If the movie's remorseless depiction of this nightmare doesn't shock audiences into numbness--United 93 is a Hallmark card compared with this horror show--they may be inspired by the stubborn bravery of Iqbal and his friends. Documents like this are supposed to open our eyes, even if we would rather shut them to the awful realities on view. Release date: June...

Author: /time Magazine | Title: Movies: A Hot New Crop of Docs | 6/19/2006 | See Source »

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