It will be paid by companies that own high-value residential properties.
The decline of residential sales by value in China narrowed in May to 9.1% from a year earlier compared with a fall of 13% in April, and moderated to a 17% decline on an on-month basis from 23% in April.
That increase - just the increase - is more than the total value of all residential property in the north east of England.
New York stands out among world cities as "particularly good value" for residential properties, "especially from an income return point of view, " according to the report.
Over the next decade, institutions in the U.S. and in other countries with mature higher education sectors will be struggling to justify the cost and value of a residential degree program when students get much of the same content and a good portion of the classroom experience from an online instructor in another city or across an ocean.
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Research on residential views has shown that determining their value can be subjective, with a wide range of results.
And that portfolio, inherited from Countrywide Credit, may still face further loss of value should the price of residential homes continue to soften another 5% to 10%, as many experts feel could happen.
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The iShares FTSE NAREIT Residential Plus Capped Index Fund (REZ) has doubled in value since the spring of 2009, despite historically high rates of foreclosures and short sales.
Residential real estate and 401k accounts that have fallen 50% in value will not recover quickly.
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If categorized as a hurricane, residential policyholders would be subject to deductibles based on a percentage of property value instead of fixed rates.
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Our country has wisely selected the third option, which means that within a year or so residential housing problems should largely be behind us, the exceptions being only high-value houses and those in certain localities where overbuilding was particularly egregious.
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