God Almighty says in the Holy Quran: Corruption has appeared throughout the land and sea by [reason of] what the hands of people have earned so He may let them taste part of (the consequence of) what they have done that perhaps they will return (to righteousness). (Firman Allah Taala: Telah timbul berbagai kerosakan dan bala bencana di darat dan di laut dengan sebab apa yang telah dilakukan oleh tangan manusia; (timbulnya yang demikian) kerana Allah hendak merasakan mereka sebahagian dari balasan perbuatan-perbuatan buruk yang mereka telah lakukan, supaya mereka kembali (insaf dan bertaubat). (Quran 30:41)
CcNEWS Site email: hamdenbolly@yahoo.co.uk
Web itu adalah suatu tempat yang menakjubkan, dan semua lebih menarik jika anda meluaskan bulatan kawan-kawan dalam talian, berkongsi foto anda, menyemak imbas jauh dan luas dan mendaftar Twitter dan Facebook.
Keindahan Twitter mempunyai hanya 140 aksara untuk bekerja, jadi mengapa menipu untuk membuat post lagi?
Namun, web dibelenggu dengan kekecewaan, juga. Lihat jika anda bersetuju dengan kami memilih lima trend web yang berhak untuk mati, dan meninggalkan pencalonan anda sendiri dalam komen-komen.
1. Retrotography
Telefon pintar purata mengambil digital tidak bertujuan seperti yang tajam sebagai kamera mid-range. Namun apa yang kami lakukan? Merosakkan keputusan dengan penapis dan warna 'pembetulan' yang meniru cetakan pudar anda lebih cenderung untuk mencari shoebox yang disumbat di bawah katil anda.
Satu aplikasi di atas semua yang lain telah susut proses pencacatan gambar anda: Hipstamatic, yang mengemulasi pengecil Hipstamatic 100 kamera yang berasaskan filem, salah satu penjual yang paling berkesan sepanjang masa. Daripada 157 yang diha-silkan, 154 telah dijual, tetapi aplikasi iPhone yang beruk kesannya telah menjual magnitud yang lebih.
Pencipta Bruce dan Winston Dorbowski tidak mungkin dapat meneka dalam tahun 80-an awal bagaimana kamera sedikit mereka akan terus mempengaruhi fotografi tiga dekad kemudian. Pangkat legasi mereka dengan Ansell Adams, dan pada masa yang sama kita tidak mahu memperkecilkan pencapaian mereka, pemilihan yang sedikit tidak akan pergi yang tidak kena.
Kami suka kesan Hipstamatic, apabila digunakan dengan cermat dan pertimbangan. Menampar penapis retro pada foto yang tidak baik tidak menjadikan ia baik, walaupun. Ia hanya menunjukkan anda tidak boleh menyusun gandum anda daripada jerami fotografi anda.
2. LOL
LOL adalah hampir 30 tahun. Ia akan bergerak.
Wayne Pearson tuntutan kredit untuk menggunakan pertama pada papan buletin Kanada yang dipanggil Viewline. Kemudian, selepas memenangi akaun percuma di jin dia mula menggunakan di sana juga, dan apabila ia benar-benar mengambil kira.
"Saya sentiasa menekankan (dan masih), bahawa ianya bertujuan untuk digunakan * hanya * jika anda benar-benar ketawa Out Loud . . . menyeringai, senyum atau hal terkekek-kekek tidak memotongnya, "memberi amaran Pearson. Bagaimana kita mahu niat itu adalah lebih baik diketahui, kerana ia seolah-olah kini digunakan sebagai papan tanda jalan yang LOLler telah dijalankan dengan apa-apa jua yang berbaloi untuk mengatakan.
3. TXTspk
Pada hari-hari sebelum teks ramalan, apabila De Quervain Sindrom (ibu jari texter lain kita) adalah penderitaan yang terbaru bimbang hypochondriacs negara, menjatuhkan lttrs FRM UR wrds sempurna diterima. M8 'anda hampir dijangka. Kami telah ditolak masa, dan menghantar mesej menyakitkan perlahan ... dan menyakitkan.
Tetapi entah bagaimana mengikuti kami ke web, dan textspeak menjangkiti Twitter dan Facebook. Bahasa bergerak ke atas, dan banyak akan berhujah bahawa textspeak adalah evolusi biasa. OED kini menyenaraikan OMG, LOL dan diketahui sebagai 'initialisms' sah, tetapi walaupun dengan hanya 140 aksara yang Tweet pengikut kita, tentu kita boleh fikirkan perkataan yang lebih pendek, dan bukannya pencacatan bahasa ibunda kami.
Mengenai hal yang . . .
4. Twitter menipu
Twitter adalah kira-kira 140 posts watak. Titik ini ialah 140 aksara. Ia berkata, semua itu perlu tanpa menggunakan-arounds seperti Twitlonger.
5. Keberahian IE
Internet Explorer jauh dari pelayar satu-satunya. Sesungguhnya, bergantung kepada siapa anda bercakap dengan bukan malah yang paling popular.
Sementara Permohonan bersih dan Statcounter meletakkan lebih awal pek, w3 Sekolah mengukur saham IE pada hanya 23.2% pada tahun 2011 musim panas. Firefox hampir dua kali ganda pada 42.2%, dan walaupun Chrome mencecah 27.9%. IE6, kini mengetuk selama 10 tahun, telah tenggelam di bawah 5%, lagi coders ramai masih reka bentuk dengan pelayar ini kuno dalam fikiran.
Internet Explorer 9 menawarkan beberapa HTML5 yang terbaik dan CSS3 keserasian rakan-rakan, walaupun pada hakikatnya bahawa kedua-dua masih belum disahkan oleh overseers. Sekarang adalah masa untuk memotong percuma stragglers orang-orang yang sangat-sangat bergantung kepada IE6. Kod laman web anda untuk masa depan, bukan masa lalu, dan memberi inspirasi kepada mereka untuk menaik taraf kepada pelayar yang lebih selamat, dan mematuhi piawaian.
Setiap kali anda tweak halaman anda untuk membuat mereka kelihatan 'betul' dalam IE6, anda mengesahkan ketidakgiatan ini ketinggalan. Adakah mereka nikmat, dan mengunci mereka keluar.
10 Pasaran Perumahan Yang Akan Tutup Tahun Ini
by Michael B. Sauter, Douglas A. McIntyre
Wednesday, August 10, 2011
Walaupun nilai rumah di bandar raya ini sudah lebih daripada 58% daripada puncak mereka, mereka dijangka oleh Case-Shiller untuk menggugurkan tambahan 13.9% oleh Q1 2012 dan 6.3% lebih oleh Q1 2013.
CcNEWS Site email: hamdenbolly@yahoo.co.uk
10 Pasaran Perumahan Yang Akan Tutup Tahun Ini
by Michael B. Sauter, Douglas A. McIntyre
Wednesday, August 10, 2011
Housing markets that could collapse
Charles Wesley telah ditangkap kerana didakwa semburan-lukisan "SLA" di atas tiangutiliti untuk lima tahun.
disediakan oleh
Pasaran hartanah sudah dalam kemurungan yang mendalam dalam sejarah moden Amerika Syarikat. Jika anda fikir ia tidak boleh mendapatkan mana-mana buruk, fikir-kan sekali lagi.
Di beberapa kota, pasaran hartanah ialah kira-kira untuk menggugurkan lebih banyak. Nilai rumah di banyak kota-kota, seperti Las Vegas, telah runtuh sebagai pengangguran telah ditembak lebih tinggi.
Dan tidak dengan harapan pemulihan cepat, harga perumahan dijangka terus jatuh. 24/7 Wall St. Mengenal pasti sepuluh pasaran perumahan yang dijangka turun sebanyak sekurang-kurangnya 10 lagi% menjelang 2012.
Di beberapa kota, pasaran hartanah ialah kira-kira untuk menggugurkan lebih banyak. Nilai rumah di banyak kota-kota, seperti Las Vegas, telah runtuh sebagai pengangguran telah ditembak lebih tinggi.
Dan tidak dengan harapan pemulihan cepat, harga perumahan dijangka terus jatuh. 24/7 Wall St. Mengenal pasti sepuluh pasaran perumahan yang dijangka turun sebanyak sekurang-kurangnya 10 lagi% menjelang 2012.
Lebih dari 24/7 Wall St. • Sepuluh Paling Bernilai Syarikat di Amerika • Great American Kedai kelaparan untuk Pelanggan • Sembilan Negeri pemotongan Faedah Pengangguran |
Metodologi: Kami menggunakan da-ta dari Fiserv CaseShiller Indeks, yang menjejaki aktiviti hartanah di 380 bandar-bandar. Kami memilih orang-orang yang diramalkan me-mpunyai penurunan peratus harga terbesar di antara suku pertama ta-hun ini dan suku pertama akan da-tang. Kami telah menambah bebe-rapa bahagian-bahagian lain maklumat maklumat bandar-bandar kita, termasuk tahap pengangguran Jun, pendapatan isi rumah median, dan apabila harga rumah dijangka tiba di palung mereka dalam setiap pasaran.
Median pendapatan isi rumah di bandar-bandar cenderung untuk berada berdekatan dengan median Amerika Syarikat (AS), dan dalam beberapa kes jauh lebih rendah. Kami dijangka mencari pengangguran yang tinggi di bandar-bandar. Ini ternyata menjadi kes itu. Dalam semua tetapi salah satu bandar-bandar yang kita diperiksa, kadar pengang-guran adalah jauh melebihi purata kebangsaan. Kadar lebih 18% dalam dua bandar-bandar. Hubungan antara pengangguran dan penurunan jangkaan masa depan dalam harga rumah ini menunjukkan sekali lagi betapa berbahaya masalah perumahan harga.
Harga rumah jatuh dari paras tertinggi sepanjang masa pada tahun 2006. Ekuiti rumah yang ditoreh oleh gadai janji kedua telah menjadi sumber besar pendapatan maka bagi keluarga yang digunakan untuk menyimpan persaraan, pendidikan, dan pembelian pengguna yang mudah. Tiga tahun kemudian, ramai orang-orang rumah yang bernilai kurang daripada gadai janji mereka. Seorang penduduk yang besar pemilik rumah yang masih berhutang gadai janji kedua. Beban kedua-dua pinjaman rumah yang berlaku akan datang pada bila-bila masa apabila pengangguran negara meningkat daripada 4% pada pertengahan-2000-an hingga 10%. Campuran pengangguran dan pembayaran gadai janji yang tinggi ripped pasaran tempatan di samping.
Sepuluh pasaran pada senarai 24/7 Wall St. "Pasaran Perumahan Yang Akan Tutup Tahun Ini," dan beberapa orang lain seperti mereka, tidak boleh melihat pemulihan penuh dalam harga rumah selama bertahun-tahun. Inventori dalam pasaran-pasaran ini cenderung besar. Permintaan cenderung akan rendah sebagai penganggur tidak boleh pembeli. Akhir sekali, takut harga lanjut jatuh semua memburukkan lagi masalah. Tiada orang atau organisasi, termasuk kerajaan persekutuan, telah dapat membantu menyo-kong pasaran perumahan, walaupun Pentadbiran telah cuba. Bukan pelan tunggal telah membina walaupun bersih nipis di bawah nilai rumah, walaupun selepas usaha terbaik minda ekonomi terbaik di dunia.
1. Naples, Florida
Penurunan harga yang dijangka: -16,6%
Keluarga pendapatan median: $ 62,800 (137 tertinggi)
Kadar pengangguran: 10.5%
Rumah harga median: $ 225,000 (tertinggi 40)
Dijangka mencecah paras terendah: Q4 2012
Seperti banyak barat daya Florida, Naples adalah salah satu daripada komuniti yang paling cepat berkembang di negara ini kerana ia disediakan untuk berjuta-juta boomers bayi di puncak persaraan. Apabila pecah gelembung perumahan, bagaimanapun, beribu-ribu projek pembinaan kondominium dan komuniti persaraan dihentikan atau hilang wang, dan nilai-nilai rumah menjunam. Dari nilai rumah puncak pada tahun 2006, harga jatuh sebanyak 55%. Mereka dijangka terus jatuh melalui tahun depan lebih daripada mana-mana bandar utama di negara ini. By Q1 2012, nilai rumah akan meng-gugurkan tambahan 16.6%, atau hampir $ 40,000.
2. Riverside-San Bernardino, California
Penurunan harga yang dijangka: -15,6%
Keluarga pendapatan median: $ 59,700 (190 tertinggi)
Kadar pengangguran: 13.7%
Rumah harga median: $ 181,000 (70 tertinggi)
Dijangka mencecah paras terendah: Q1 2012
Seperti bandar-bandar begitu banyak industri di California, Riverside-San Bernadino sedang terjejas oleh kemelesetan ekonomi dan krisis perumahan lebih daripada keban-yakan bahagian-bahagian lain Pengangguran AS telah melanda 13.7%, kekosongan rumah dan kadar kekosongan sewa yang tinggi, dan nilai-nilai rumah jatuh. Harga rumah Median turun lebih daripada 55% dari kemuncaknya pada tahun 2006. Pada awal tahun depan, harga dijangka menggugurkan tambahan 15.6%, atau hampir $ 30,000.
3. Las Vegas, Nevada
Penurunan harga yang dijangka: -13,9%
Keluarga pendapatan median: $ 58,900 (196 paling rendah)
Kadar pengangguran: 12.4%
Rumah harga median: $ 140,000 (90 terendah)
Dijangka mencecah paras terendah: Q4 2012
Las Vegas merupakan salah satu titik pusat pertumbuhan mendadak dalam separuh pertama 2000, hanya akan diikuti oleh kejatuhan bencana pada separuh kedua. Antara 2008 dan 2011, harga rumah di bandar raya ini jatuh sebanyak 42.3%, penurunan kedua terbesar di negara ini.
4. Detroit, Michigan
Penurunan harga yang dijangka: -13,4%
Keluarga pendapatan median: $ 49,000 (47 terendah)
Kadar pengangguran: 12.7%
Rumah harga median: $ 42,000 (harga rumah median terendah)
Dijangka mencecah paras terendah: Q2 2012
Sejak kemelesetan bermula, Detroit telah cerita seram untuk kejatuhan nilai rumah, foreclosures, kekosongan, dan pengangguran.
Sehingga kini, harga rumah median Detroit $ 42,000 adalah yang paling rendah di ka-langan semua 385 kawasan metropolitan utama. Walaupun City Motor telah merana untuk beberapa ketika sebelum kemelesetan ekonomi, kejatuhan nilai rumah telah lebih mantap, seperti yang bertentangan dengan pesat drop-off yang dilihat di bandar-bandar di Florida, Nevada, dan California. Sudah Detroit nilai rekod-rendah dijangka menggugurkan tambahan 13.4% pada suku pertama tahun 2012.
5. Merced, California
Penurunan harga yang dijangka: -13,2%
Keluarga pendapatan median: $ 42,900 (8 terendah)
Kadar pengangguran: 18.6%
Rumah harga median: $ 112,000 (38 terendah)
Dijangka mencecah paras terendah: Q2 2012
Merced, California, mempunyai pendapatan keluarga median hanya $ 42.900, mele-takkan ia di kalangan sepuluh bandar-bandar utama yang termiskin di negara ini. Pada tahun 2008, harta bandar kehilangan 46.1% daripada nilainya. Ini adalah susut nilai kedua-terbesar dalam nilai rumah bagi sebuah bandar sejak sekurang-kurangnya 1980. Median harga rumah di bandar ini dijangka menurun tambahan 13.2% menjelang awal tahun depan.
6. Miami, Florida
Penurunan harga yang dijangka: -13%
Keluarga pendapatan median: $ 47,800 (32 terendah)
Kadar pengangguran: 13.4%
Rumah harga median: $ 175,000 (76 tertinggi)
Dijangka mencecah paras terendah: Q2 2013
Pada 13.4%, Miami mempunyai kadar pengangguran yang tertinggi mana-mana bandar utama Amerika. Nilai-nilai rumah di atas purata, tetapi menurun sebanyak lebih dari-pada 50% sejak tahun 2006. Sebahagiannya akibat kadar pengangguran yang men-gejutkan, nilai rumah di bandar ini dijangka merosot lain 13% menjelang suku pertama 2013. Apa yang lebih membimbangkan: Harga akan berkemungkinan jatuh tambahan 10.1%. Jika ini drop kedua berlaku, ia akan setakat susut nilai nilai hartanah di negara ini di kawasan yang sudah dihancurkan oleh harga yang rendah semasa.
7. El Centro, California
Penurunan harga yang dijangka: -12,1%
Keluarga pendapatan median: $ 43,300 (10 terendah)
Kadar pengangguran: 28.6%
Rumah harga median: $ 130,000 (70 terendah)
Dijangka mencecah paras terendah: Q1 2012
El Centro, California, terletak lima kilometer dari sempadan Mexico, dan merupakan salah satu daripada bandar-bandar yang paling miskin di negara ini. Pendapatan median ialah hanya $ 43.300 untuk satu keluarga, yang kesepuluh yang paling rendah di Pengangguran Amerika Syarikat (AS) pada mengejutkan 28,6%. Antara 2006 dan 2011, harga rumah menurun sebanyak lebih daripada 50%. Menurut laporan di Imperial Valley Press, salah satu rumah dijual di kawasan El Centro sebelum kemelesetan $ 390.000. Pada tahun 2009, rumah itu telah disenaraikan di $ 200,000. Harga dijangka untuk menggugurkan tambahan 12.1% pada suku pertama tahun 2012.
8. Salinas, California
Penurunan harga yang dijangka: -11,8%
Keluarga pendapatan median: $ 62,100 (145 tertinggi)
Kadar pengangguran: 12.8%
Rumah harga median: $ 240,000 (34 tertinggi)
Dijangka mencecah paras terendah: Q2 2012
Salinas, California, adalah sebuah bandar kecil laut yang terletak 25 batu di selatan San Jose. Sejak tahun 2006, nilai median sebanyak 125,000 rumah di sana menurun nilai oleh lebih daripada 61%. Ini adalah penurunan keempat terbesar dari nilai rumah puncak di kalangan semua bandar-bandar utama Amerika. Lebih daripada 40%, penurunan ini berlaku pada tahun 2009, tahun selepas gelembung pecah perumahan. Pengangguran di bandar adalah pada 12.8%, jauh melebihi purata kebangsaan sebanyak 9.2%. Beberapa syarikat di kawasan itu, termasuk syarikat pemprosesan makanan Romco, menjangka untuk terus untuk memberhentikan pekerja dalam bulan-bulan akan datang, yang sepatutnya berkhidmat untuk terus menekan nilai-nilai rumah.
9. Bethesda, Maryland
Penurunan harga yang dijangka: -11,5%
Keluarga pendapatan median: $ 114,100 (tertinggi)
Kadar pengangguran: 5.1%
Rumah harga median: $ 417,000 (5 tertinggi)
Dijangka mencecah paras terendah: S3 2012
Bethesda, pinggir bandar DC yang sangat kaya, mempunyai pendapatan keluarga median yang tertinggi di negara ini - $ 114,100. Ia juga mempunyai rumah harga kelima tertinggi median, dari $ 417.000. Kedudukan itu boleh berubah, bagaimanapun, sebagai projek Case-Shiller nilai-nilai rumah akan berkurangan sebanyak lebih dari-pada $ 60,000 menjelang tahun depan.
10. Fort Lauderdale, Florida
Penurunan harga yang dijangka: -11,1%
Keluarga pendapatan median: $ 58,800 (194 tertinggi)
Kadar pengangguran: 11.8%
Rumah harga median: $ 196,000 (tertinggi 55)
Dijangka mencecah paras terendah: Q2 2013
Sejak tahun 2006, harga rumah di Fort Lauderdale telah menurun hampir 50%. Penuh 28% kejatuhan itu berlaku pada tahun 2009 sahaja. Seperti mana yang berlaku sepan-jang Florida, keruntuhan gelembung perumahan dihancurkan ekonomi yang berasaskan pembinaan. Kadar pengangguran hampir 12% adalah bukti kemerosotan bencana sektor pembinaan. Nilai 686,000 rumah di kawasan Fort Lauderdale dijangka untuk men-dapatkan lebih teruk lagi melalui sekurang-kurangnya suku kedua 2013. Antara Q1 2011 dan Q1 2012, harga rumah median dijangka menurun tambahan 11.1%. Antara 2012 dan 2013, jumlah itu akan terus menurun sebanyak 8.7%.
CcNEWS Site email: hamdenbolly@yahoo.co.uk
5 Web trends that Deserve to Die
The web is a wonderful place, and all the more engaging if you widen your circle of online friends, share your photos, browse far and wide and sign up to Twitter and Facebook.
The beauty of Twitter is having just 140 characters to work with, so why cheat to make posts longer?
Yet the web is plagued by frustrations, too. See if you agree with our pick of the five web trends that deserve to die, and leave your own nominations in the comments.
1. Retrotography
The average smartphone takes digital snaps as sharp as a mid-range camera. Yet what do we do? Ruin the results with filters and colour ‘corrections’ that mimic the faded prints you’re more likely to find in a shoebox stuffed under your bed.
One app above all others has eased the process of mangling your pictures: Hipstamatic, which emulates the diminutive Hipstamatic 100 film-based camera, one of the most efficient sellers of all time. Of the 157 produced, 154 were sold, but the iPhone app that apes its effects has sold a magnitude more.
Inventors Bruce and Winston Dorbowski could never have guessed in the early 80s how their little camera would continue to influence photography three decades later. Their legacy ranks with Ansell Adams’, and while we don’t want to belittle their achievement, a little selectivity wouldn’t go amiss.
We love Hipstamatic’s effects, when used with care and consideration. Slapping a retro filter on a bad photo doesn’t make it good, though. It merely suggests you can’t sort your wheat from your photographic chaff.
2. LOL
LOL is almost 30 years old. It’s time to move on.
Wayne Pearson claims credit for using it first on a Canadian bulletin board called Viewline. Then, after bagging a free account on GEnie he started using it there, too, and that’s when it really took off.
“I always emphasised (and still do) that it was meant to be used *only* if you truly Laughed Out Loud . . . a smirk, smile or giggle just didn't cut it,” Pearson warns. How we wish his intent was better known, as it seems now to be used more as a signpost that the LOLler has run out of anything worthwhile to say.
3. TXTspk
In the days before predictive text, when De Quervain Syndrome (texter’s thumb to the rest of us) was the latest affliction to worry the nation’s hypochondriacs, dropping lttrs frm UR wrds was perfectly acceptable. Your ‘m8’s almost expected it. We were pushed for time, and texting was painfully slow . . . and painful.
But somehow it’s followed us onto the web, and textspeak is infecting Twitter and Facebook. Language moves on, and plenty would argue that textspeak is plain evolution. The OED now lists OMG, LOL and FYI as valid ‘initialisms’, but even with only 140 characters in which to Tweet our followers, surely we can think of shorter words, instead of mangling our mother tongue.
On the subject of which . . .
4. Twitter cheats
Twitter is all about 140 character posts. This point is 140 characters long. It says all it needs without using get-arounds like Twitlonger.
5. IE infatuation
Internet Explorer is far from the only browser. Indeed, depending on who you talk to it’s not even the most popular.
While Net Applications and Statcounter put it well ahead of the pack, W3 Schools measured IE’s share at just 23.2% in summer 2011. Firefox was almost twice that at 42.2%, and even Chrome hit 27.9%. IE6, now knocking on for 10 years old, has sunk below 5%, yet many coders still design with this antiquated browser in mind.
Internet Explorer 9 boasts some of the best HTML5 and CSS3 compatibility of its peers, despite the fact that neither has yet been ratified by its overseers. Now is the time to cut free those stragglers desperately clinging to IE6. Code your site for the future, not the past, and inspire them to upgrade to a more secure, standards-compliant browser.
Every time you tweak your pages to make them look ‘right’ in IE6, you’re validating these laggards’ inaction. Do them a favour, and lock them out.
by Michael B. Sauter, Douglas A. McIntyre
Wednesday, August 10, 2011
Expected price drop: -16.6%
Median family income: $62,800 (137th highest)
Unemployment rate: 10.5%
Median home price: $225,000 (40th highest)
Projected to hit lowest level: Q4 2012
Expected price drop: -15.6%
Median family income: $59,700 (190th highest)
Unemployment rate: 13.7%
Median home price: $181,000 (70th highest)
Projected to hit lowest level: Q1 2012
Expected price drop: -13.9%
Median family income: $58,900 (196th lowest)
Unemployment rate: 12.4%
Median home price: $140,000 (90th lowest)
Projected to hit lowest level: Q4 2012
Expected price drop: -13.4%
Median family income: $49,000 (47th lowest)
Unemployment rate: 12.7%
Median home price: $42,000 (the lowest median home price)
Projected to hit lowest level: Q2 2012
Since the recession began, Detroit has been the horror story for plummeting home values, foreclosures, vacancies, and unemployment. To date, Detroit's median home price of $42,000 is the lowest among all 385 major metropolitan areas. While the Motor City has been languishing for some time before the recession, the drop in home value has been more steady, as opposed to the rapid drop-offs seen in cities in Florida, Nevada, and California. Detroit's already record-low values are expected to drop an additional 13.4% by the first quarter of 2012.
5. Merced, California
Expected price drop: -13.2%
Median family income: $42,900 (8th lowest)
Unemployment rate: 18.6%
Median home price: $112,000 (38th lowest)
Projected to hit lowest level: Q2 2012
Merced, California, has a median family income of just $42,900, placing it among the ten poorest major cities in the country. In 2008, the city's property lost 46.1% of its value. This was the second-greatest depreciation in home value for a city since at least 1980. The city's median home prices are expected to drop an additional 13.2% by the beginning of next year.
6. Miami, Florida
Expected price drop: -13%
Median family income: $47,800 (32nd lowest)
Unemployment rate: 13.4%
Median home price: $175,000 (76th highest)
Projected to hit lowest level: Q2 2013
At 13.4%, Miami has one of the highest unemployment rates of any major American city. Home values are above average, but are down by more than 50% since 2006. Partially as a result of the staggering unemployment rate, the value of the city's homes are projected to decrease by another 13% by the first quarter of 2013. What's more disturbing: Prices will then likely fall an additional 10.1%. If this second drop occurs, it will be by far the greatest depreciation of property values in the country in an area already decimated by current low prices.
7. El Centro, California
Expected price drop: -12.1%
Median family income: $43,300 (10th lowest)
Unemployment rate: 28.6%
Median home price: $130,000 (70th lowest)
Projected to hit lowest level: Q1 2012
El Centro, California, is located five miles from the Mexican border, and is one of the poorest cities in the country. Median income is just $43,300 per family, the tenth-lowest in the U.S. Unemployment is at a staggering 28.6%. Between 2006 and 2011, home prices decreased by more than 50%. According to a report in the Imperial Valley Press, one home was sold in the El Centro area before the recession for $390,000. In 2009, that home was listed at $200,000. Prices are expected to drop an additional 12.1% by the first quarter of 2012.
8. Salinas, California
Expected price drop: -11.8%
Median family income: $62,100 (145th highest)
Unemployment rate: 12.8%
Median home price: $240,000 (34th highest)
Projected to hit lowest level: Q2 2012
Salinas, California, is a small coastal city located 25 miles south of San Jose. Since 2006, the median value of the 125,000 houses there decreased in value by more than 61%. This is the fourth biggest decline from peak home value among all major American cities. More than 40% of this drop occurred in 2009, the year after the housing bubble burst. Unemployment in the city is at 12.8%, well above the national average of 9.2%. Several companies in the area, including food processing company Romco, expect to continue to lay off workers in the coming months, which should serve to further depress home values.
9. Bethesda, Maryland
Expected price drop: -11.5%
Median family income: $114,100 (the highest)
Unemployment rate: 5.1%
Median home price: $417,000 (5th highest)
Projected to hit lowest level: Q3 2012
Bethesda, the extremely wealthy D.C. suburb, has the highest median family income in the country — $114,100. It also has the fifth highest median home price, at $417,000. That position may change, however, as Case-Shiller projects home values will drop by more than $60,000 by next year.
10. Fort Lauderdale, Florida
Expected price drop: -11.1%
Median family income: $58,800 (194th highest)
Unemployment rate: 11.8%
Median home price: $196,000 (55th highest)
Projected to hit lowest level: Q2 2013
CcNEWS Site email: hamdenbolly@yahoo.co.uk
10 Housing Markets That Will Collapse This Year
by Michael B. Sauter, Douglas A. McIntyre
Wednesday, August 10, 2011
Housing markets that could collapse
Charles Wesley has been arrested for allegedly spray-painting "SLA" on utility poles for five years.
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The real estate market is already in the deepest depression in modern U.S. history. If you think it can't get any worse, think again. In several cities, the real estate market is about to drop even more. Home values in many of those cities, such as Las Vegas, have already collapsed as unemployment has shot higher. And with no hope of quick recovery, housing prices are expected to continue to fall. 24/7 Wall St. identified ten housing markets that are expected to drop by at least another 10% by 2012.
| More from 24/7 Wall St.: • The Ten Most Valuable Companies in America • Great American Stores Starving for Customers • The Nine States Slashing Unemployment Benefits |
Methodology: We used data from the Fiserv Case-Shiller Indexes, which track real estate activity in 380 cities.
We selected those that are forecast to have the largest percent price drop between the first quarter of this year and the first quarter of next.
We selected those that are forecast to have the largest percent price drop between the first quarter of this year and the first quarter of next.
We added several other pieces of information to our city-by-city information, including June unemployment levels, median household income, and when home prices are expected to reach their troughs in each market.
Median household income in these cities tended to be near the U.S. median, and in some cases well below. We expected to find high unemployment in these cities. This turned out to be the case. In all but one of the cities we examined, unemployment was well above the national average. The rate was over 18% in two of the cities. This link between unemployment and expected future drop in home prices shows again how insidious the housing price problem is.
Home prices fell from all-time highs in 2006. Home equity tapped by second mortgages had been a tremendous source of income then for families who used it for retirement saving, education, and simple consumer purchases. Three years later, many of those homes were worth less than their mortgages. A large population of homeowners still owed a second mortgage. The burden of those two home loans happened to come at a time when national unemployment rose from 4% in the mid-2000s to 10%. The mix of unemployment and high mortgage payments ripped the home market apart.
The ten markets on the 24/7 Wall St. list of "Housing Markets That Will Collapse This Year," and several others like them, may not see a full recovery in home prices for years. Inventories in these markets tend to be large. Demand tends to be low as the unemployed cannot be buyers. Finally, fear of further price drops all exacerbate the problem. No person or organization, including the federal government, has been able to help support the housing market, although the Administration has tried. Not a single plan has built even a thin net under home values, despite the best efforts of the best economic minds in the world.
1. Naples, Florida
Expected price drop: -16.6%
Median family income: $62,800 (137th highest)
Unemployment rate: 10.5%
Median home price: $225,000 (40th highest)
Projected to hit lowest level: Q4 2012
Like much of southwest Florida, Naples was one of the fastest-growing communities in the country as it prepared for the millions of baby boomers on the cusp of retirement. When the housing bubble burst, however, the thousands of construction projects for condominiums and retirement communities were halted or lost money, and home values plummeted. From peak home value in 2006, prices dropped by 55%. They are expected to keep falling through next year more than any major city in the country. By Q1 2012, home values will drop an additional 16.6%, or nearly $40,000.
2. Riverside-San Bernardino, California
Expected price drop: -15.6%
Median family income: $59,700 (190th highest)
Unemployment rate: 13.7%
Median home price: $181,000 (70th highest)
Projected to hit lowest level: Q1 2012
Like so many industrial cities in California, Riverside-San Bernadino is being affected by the recession and housing crisis more than most other parts of the U.S. Unemployment has hit 13.7%, home vacancy and rental vacancy rates are high, and home values are plummeting. Median home prices are down more than 55% from their peak in 2006. By the beginning of next year, prices are expected to drop an additional 15.6%, or nearly $30,000.
3. Las Vegas, Nevada
Expected price drop: -13.9%
Median family income: $58,900 (196th lowest)
Unemployment rate: 12.4%
Median home price: $140,000 (90th lowest)
Projected to hit lowest level: Q4 2012
Las Vegas was one of the center points of the meteoric growth in the first half of the 2000s, only to be followed by a catastrophic fall in the second half. Between 2008 and 2011, home prices in the city dropped by 42.3%, the second greatest decline in the country. Although home values in the city are already more than 58% off their peak, they are projected by Case-Shiller to drop an additional 13.9% by Q1 2012, and then 6.3% more by Q1 2013.
4. Detroit, Michigan
Expected price drop: -13.4%
Median family income: $49,000 (47th lowest)
Unemployment rate: 12.7%
Median home price: $42,000 (the lowest median home price)
Projected to hit lowest level: Q2 2012
5. Merced, California
Expected price drop: -13.2%
Median family income: $42,900 (8th lowest)
Unemployment rate: 18.6%
Median home price: $112,000 (38th lowest)
Projected to hit lowest level: Q2 2012
6. Miami, Florida
Expected price drop: -13%
Median family income: $47,800 (32nd lowest)
Unemployment rate: 13.4%
Median home price: $175,000 (76th highest)
Projected to hit lowest level: Q2 2013
7. El Centro, California
Expected price drop: -12.1%
Median family income: $43,300 (10th lowest)
Unemployment rate: 28.6%
Median home price: $130,000 (70th lowest)
Projected to hit lowest level: Q1 2012
8. Salinas, California
Expected price drop: -11.8%
Median family income: $62,100 (145th highest)
Unemployment rate: 12.8%
Median home price: $240,000 (34th highest)
Projected to hit lowest level: Q2 2012
9. Bethesda, Maryland
Expected price drop: -11.5%
Median family income: $114,100 (the highest)
Unemployment rate: 5.1%
Median home price: $417,000 (5th highest)
Projected to hit lowest level: Q3 2012
10. Fort Lauderdale, Florida
Expected price drop: -11.1%
Median family income: $58,800 (194th highest)
Unemployment rate: 11.8%
Median home price: $196,000 (55th highest)
Projected to hit lowest level: Q2 2013
Since 2006, home prices in Fort Lauderdale have dropped by nearly 50%. A full 28% of that drop occurred in 2009 alone. As was the case throughout most of Florida, the collapse of the housing bubble decimated the construction-based economy. The unemployment rate of nearly 12% is evidence of the construction sector's disastrous decline. The value of the 686,000 homes in the Fort Lauderdale area is expected to get even worse through at least the second quarter of 2013. Between Q1 2011 and Q1 2012, the median home price is projected to decline an additional 11.1%. Between 2012 and 2013, that number will further decrease by 8.7%.
CcNEWS Site email: hamdenbolly@yahoo.co.uk
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