Mr. Holmes was particularly interested in electrophysiology, the study of the electrical properties of and activity of neurons, this classmate said.

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The company blamed the slowing economy, along with lower trip activity and spend per trips in their properties for the disappointing results.

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Kai stated that his responsibilities in connection with this outside business activity included retrieving mail, depositing checks from rental properties, and disbursing funds to investors.

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Remodeling activity will jump, as homeowners who sustained damage to their properties, particularly primary residences, hire contractors to make immediate fixes.

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"Billionaire activity has been concentrated on high-end urban centers rather than leisure properties in the surrounding countryside or regional sunbelts, " said Yolande Barnes, head of world research at Savills.

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The write down needs to occur and the movement of toxic assets to the RTC at a market rate, allowing the RTC to quickly dispose of properties or renegotiate as seems best will bring stability and increased activity to the markets, including the mortgage market.

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Clear Capital stresses that distressed activity is the main culprit, as sales of bank-owned ( REO) properties now constitute 40.8% of all for sale homes in the region.

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More notable, 2012 activity was 36% lower than 2010, when filings peaked at 2.9 million properties.

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