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...Then there's the elephant in the room: jobs. The U.S.'s unemployment rate, which stood at 9.7% in February, is expected to hit at least 10.3% before peaking later this year, according to Gus Faucher, director of macroeconomics at Moody's Economy.com. Says Brinkmann: "The fundamental driver in demand for housing still comes down to jobs." (See 10 ways your job will change...
...will reset in 2010, and an additional $64 billion will do so in 2011, according to First American CoreLogic. Experts say this will likely trigger another round of mortgage defaults and foreclosures in the second half of 2010 and cause home prices to fall another 5% to 10% this year before the market bounces back...
...toward foreclosure. The number of households receiving foreclosure filings, which includes default notices, auction-sale letters and bank repossessions, was 2.8 million in 2009, up from 2.3 million in 2008, according to Rick Sharga, vice president of marketing for RealtyTrac. He expects filings to increase to 3 million this year...
...total of six students have committed suicide at Cornell this year, while national statistics would predict about two suicides annually within Cornell’s student population of 20,000, according to comments made by Cornell Mental Health Initiatives Director Timothy Marchell to The New York Times. Between 2000 and 2009, though, the number of suicides at Cornell was at or below the national average...
...After a year of political posturing and rancorous debate over healthcare, President Obama signed the Patient Protection and Affordable Care Act into law Tuesday, codifying reforms that will indelibly transform the insurance industry. This represents the most drastic form of federal action on domestic affairs since the institution of Medicare decades ago. While the partisan combat will likely continue, this moment belongs to the Democrats. In this victory that has eluded several administrations in the past, the passage of healthcare reform marks a monumental accomplishment for President Obama, Speaker Nancy Pelosi, and the Democratic Party...