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[Source: Arizona Republic staff and wire reports] — July home prices in Phoenix were down a record 29% from a year earlier, according to a closely watched housing index released Tuesday.  The Standard and Poor’s/Case-Shiller 20-city housing index fell 16.3% in July, with home prices tumbling by the sharpest annual rate since the index was created in 2000.

Burning Down The House: What Caused Our Economic Crisis is, perhaps, the best video yet to explain the current economic crisis and offers details about the political players involved, including presidential candidates John McCain and Barack Obama and several of the folks most responsible for the crisis.

[Source: Howard Fischer, Capitol Media Services] — Home values in Arizona continue to plummet at faster and faster rates.  New figures from the Office of Federal Housing Oversight show the average value of Arizona homes dropped 4.4% in just three months ending June 30.  That compares with a 2.8%

Go check out this article about a San Francisco development project that is now selling and then come back here and tell us if you want one of these buildings built here in Sacramento. You never know you might just get your wish one of these days.

[Source: J. Craig Anderson, Arizona Republic] — Valley home prices continued their year-over-year plunge in April, dropping a record 18% as the impact of foreclosures and other economic factors exerted even greater influence, according to an ASU report issued Tuesday.  The Arizona State University

Housing crash, mortgage crisis, credit crunch… it’s hard to read a newspaper these days without a flock of fearsome ‘c words’ jumping out to remind us of the problems plaguing us on a nationwide / global level. One thing you won’t find, however, is the one thing the papers can’t report on.

One out of three the metropolitan areas in the United States showed rising home prices in the first quarter, with only a small number of jumbo loan originations and higher foreclosures resulting in greatly mixed conditions around the country, according to the latest quarterly survey by the National Association of REALTORS®.

OOP stands for Object Oriented Programming. It’s all about classes and objects; a class is collection of member functions and variables with different scope of use and accessibility. An object can be a referred as an entity which gets properties and attributes from the class for which it has been created.