Mary Peters, the Secretary of the U.S. Department of Transportation,
addressed the Detroit Economic Club on Monday and said our
nation's transportation network is old, outdated and facing
challenges. She offered solutions on how local, state and
national leaders can use new technology and approaches to
update our highways and roads. Americans are spending more
time than ever being stuck in traffic bottlenecks and now
is the time to make some important changes for the future.
[5.8.08]
Home values in the first quarter of 2008 fell 1.6 percent
from the fourth quarter and 7.7 percent from the year-ago
quarter, marking the most significant year-over-year decline
in the past 12 years(1), to a U.S. Zindex(R) home value indicator
of $213,000(2), according to the Zillow.com Q1 Home Value
Report(3) released today. The median U.S. home value has not
been this low since the second quarter of 2005, leaving more
homeowners who purchased in 2005 or later with negative equity(4)
than any quarter previously reported by Zillow. [5.7.08]
