Did you happen to see the latest home-price stats from S&P/Case-Shiller, or did you avert your eyes? Here's what struck me: As of March 2009, every metro area in Case-Shiller's 20-city index, without exception, has fallen double digits from its peak. Ten are down more than 30%. Eight have dropped more than 40%. Las Vegas is down 50%. Phoenix? It doesn't get any worse than Phoenix. According to Case-Shiller, between June 2006 and March 2009 the average house in Phoenix lost a staggering 53% of its value. Possibly during the Great Depression, but almost certainly at no time since then, have house prices in a major metropolitan area fallen by more than half. It's almost unbelievable. Brother, tell me you didn't buy a house during the boom in Phoenix!
The Phoenix Mars Lander has entered a state of suspended operation called "safe mode" due to low power, mission managers said Thursday. And while they hope to recharge batteries and reactivate the spacecraft in the coming days, they say the rapid onset of the Martian winter means Phoenix's days are severely numbered.
The Phoenix lander got its robotic arm onto a sample of water ice from Mars' surface and popped the ice into tiny, onboard "ovens" that will help determine if the water could support life, NASA researchers said Thursday.
The Phoenix spacecraft has tasted Martian water for the first time. The robot heated up ice in one of its instruments earlier this week. Scientists say the chemical test confirms the presence of ice near the Martian north pole