Word: solding
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...calculate the ratio, Economy.com starts with the median price of a single-family home sold in a particular metro area, using data from the National Association of Realtors. That number then gets divided by what the average apartment would rent for over the course of a year, a number generated by the real-estate-research outfit Property & Portfolio Research. Since each metro area has its own characteristics - there's a lot more land to build on in Oklahoma City than there is in Oakland, Calif., for example - certain pockets of the country have naturally higher price-rent ratios than...
...running Microsoft's OS. The stylish Pre was a hit with attendees - it has a touchscreen like the iPhone that slides away to reveal a keyboard, and it can run many applications at once, rather than one at a time, which is the iPhone's limitation. It'll be sold exclusively by Sprint, which needs a hit as badly as Palm does. Palm also anticipates building other devices that...
...They should take note. The next culture-and-design rivalry will probably involve Beijing and Shanghai. Masterpieces by American creators of fashion, furniture and consumer electronics are already being replicated in the Yangtze and Pearl River deltas and sold at big-box stores. Meanwhile, Chinese painters like Yue Minjun and Zeng Fangzhi are pulling in big bucks at auction, and Chinese filmmakers, writers and musicians are not far behind...
Today, one of the most visible indications that something is amiss are the "For Sale" signs that have lingered in front of some houses here for months, freezing into lawns now coated with ice-glazed snow. Even some of the most desirable houses that once sold within days by word of mouth aren't moving, like the Tudor-style beauty that has been empty for five months, the longest I can recall in my 17 years living here. The house sold swiftly last summer. But the new owners recently put it back on the market because the sale of their...
Further dinging Detroit's pride, Toyota managed to end the century-long reign of Ford and Chevrolet as the best-selling car and truck brands in the U.S. Toyota finished the year with U.S. sales of 1,957,575 vehicles, while General Motors' Chevrolet brand sold 1,801,131. Even if the 113,904 vehicles Toyota sold under the Scion name were subtracted from the Japanese automaker's totals, Toyota still beat out Chevrolet. As recently as two years ago, Chevrolet held a commanding lead. (Read "The Bailout Report Card: From...