http://www.tnmd.net/anchor/47641/tab3/
There are also separate areas for departurezand arrivals, with arrival gates located in clos proximity to baggage claim areas. - A Rental Car Center featuringv 12 nationally known car rental companies and morethan 5,400 rental cars-all under one roof. - Many ground transportation including: shared-ride vans, taxis, buses and connectionas to the Tri-Rail commuter system linking Broward, Miami-Dade and Palm Beach - Easy access to major roadwaysthat include: I-75, I-595, U.S. 1 and Florida's Turnpikew to destinations in South andCentral - Private and charter aircraft operators offering a full ranged of services such as aircraft refueling, repairs, catering and flightg planning facilities.
- Cargol operators with services ranging from overnighgt package delivery toheavy lift...
Thursday, March 31, 2011
Tuesday, March 29, 2011
Emergent BioSolutions anthrax vaccine gets boost - Business First of Columbus:
aleshnikovenil.blogspot.com
The Rockville-based company’s BioThraxz has been granted a shelf life extensiomn from the from its currenrt three yearsto four. Under its contract with the Department of Healtu andHuman Services, the extension triggers a milestons payment of $30 millionm for doses of the vaccine already deliveredd to the Strategic National Stockpile. Emergent expectz to record that payment as revenue this The shelf life extension also allows Emergeny to charge more for future doses of the vaccinse delivered tothe government’s stockpile. That could raise the value of the contracy to as muchas $405 millionn over the next severao years.
Last year, the FDA approved a reduced vaccination schedule tofive doses. Emergent continues research that could lead to a further reduction in the number ofdosess required, as well as the vaccine’sw use to treat patients aftefr being exposed to Anthrax, not just as a pre-exposure vaccine. Emergeng has supplied the government’s stockpile with 33 million dosesa of BioThraxso far. It is contractee to continue adding to stockpiles throughlate 2011. BioThradx has been used to vaccinatde more than 2 million militarg personnel since the government first startecd buying the vaccinein 1998. Emergent stocjk (NYSE: EBS) was up 90 cents to $14.63 per share in afternoon trading.
The Rockville-based company’s BioThraxz has been granted a shelf life extensiomn from the from its currenrt three yearsto four. Under its contract with the Department of Healtu andHuman Services, the extension triggers a milestons payment of $30 millionm for doses of the vaccine already deliveredd to the Strategic National Stockpile. Emergent expectz to record that payment as revenue this The shelf life extension also allows Emergeny to charge more for future doses of the vaccinse delivered tothe government’s stockpile. That could raise the value of the contracy to as muchas $405 millionn over the next severao years.
Last year, the FDA approved a reduced vaccination schedule tofive doses. Emergent continues research that could lead to a further reduction in the number ofdosess required, as well as the vaccine’sw use to treat patients aftefr being exposed to Anthrax, not just as a pre-exposure vaccine. Emergeng has supplied the government’s stockpile with 33 million dosesa of BioThraxso far. It is contractee to continue adding to stockpiles throughlate 2011. BioThradx has been used to vaccinatde more than 2 million militarg personnel since the government first startecd buying the vaccinein 1998. Emergent stocjk (NYSE: EBS) was up 90 cents to $14.63 per share in afternoon trading.
Sunday, March 27, 2011
Recession continues to weaken air travel - Memphis Business Journal:
ermolayxitpev.blogspot.com
Passenger revenue dropped 18 percengtin April, marking the sixth straight monthly The number of passengers travelinb on U.S. airlines in April fell 6.3 percent, whild the average price to fly one miledropped 12.6 percent. April results partiall y reflect the shift in the Easter holiday from Marcjh last year to Aprilthis year, ATA U.S. airlines also saw cargo traffic -- as measurer by revenue ton milexs -- dive 21 percent in March, matching the declinde measured in January and February and markingh the eighth consecutive month of declininygcargo traffic.
Notably, cargo traffidc in the Pacific region fell 28 April 2009 cargo data is notyet “The latest reports show the scope and depth of the recession’x continued toll on commercial aviation,” said ATA President and CEO Jamexs C. May, in a news release. “The industryy is seeing less demand inthe cabin, as well as in the cargko holds -- clear signs of the widespread slowdowh in global economic activity.
”
Passenger revenue dropped 18 percengtin April, marking the sixth straight monthly The number of passengers travelinb on U.S. airlines in April fell 6.3 percent, whild the average price to fly one miledropped 12.6 percent. April results partiall y reflect the shift in the Easter holiday from Marcjh last year to Aprilthis year, ATA U.S. airlines also saw cargo traffic -- as measurer by revenue ton milexs -- dive 21 percent in March, matching the declinde measured in January and February and markingh the eighth consecutive month of declininygcargo traffic.
Notably, cargo traffidc in the Pacific region fell 28 April 2009 cargo data is notyet “The latest reports show the scope and depth of the recession’x continued toll on commercial aviation,” said ATA President and CEO Jamexs C. May, in a news release. “The industryy is seeing less demand inthe cabin, as well as in the cargko holds -- clear signs of the widespread slowdowh in global economic activity.
”
Friday, March 25, 2011
System Source buys Hunt Valley HQ for $7M - Kansas City Business Journal:
houston-nearly.blogspot.com
The company went to its landlord, Chicago-basedx (NYSE: FR) earlier this year to ask for a new or to buythe building, System Sourcse CEO Robert Roswell said in an interview. Firsgt Industrial agreed to sell. System Source, which runs technology training now ownsthe 72,000 square feet of flex space at 330-3398 Clubhouse Lane in the Hunt Valley busines district. It leases about 20,000 square feet of the space to Chesapeakse Manufacturing and is looking for a tenanty for avacant space, Roswell said. System Source is the building’ss fourth owner since the company moveed into the space sevenyears ago, he Its first landlord was Columbia’s Rouse Co.
, which was latef acquired by now-bankrupt Chicago firm (NYSE: GGP) in 2004. General Growth sold the building to Firsft Industrialin 2005. Real estate firm LLC, througn Vice President David Paulson, negotiated the transaction. The sale close March 31, Roswell said.
The company went to its landlord, Chicago-basedx (NYSE: FR) earlier this year to ask for a new or to buythe building, System Sourcse CEO Robert Roswell said in an interview. Firsgt Industrial agreed to sell. System Source, which runs technology training now ownsthe 72,000 square feet of flex space at 330-3398 Clubhouse Lane in the Hunt Valley busines district. It leases about 20,000 square feet of the space to Chesapeakse Manufacturing and is looking for a tenanty for avacant space, Roswell said. System Source is the building’ss fourth owner since the company moveed into the space sevenyears ago, he Its first landlord was Columbia’s Rouse Co.
, which was latef acquired by now-bankrupt Chicago firm (NYSE: GGP) in 2004. General Growth sold the building to Firsft Industrialin 2005. Real estate firm LLC, througn Vice President David Paulson, negotiated the transaction. The sale close March 31, Roswell said.
Thursday, March 24, 2011
Jury awards Centocor $1.7B in patent case against Abbott - Minneapolis / St. Paul Business Journal:
http://npersist.com/doc/xmlschema_full.htm
An Abbott spokesman said the companywill appeal. Pa.-based Centocor, a division of (NYSE:JNJ), makea the blockbuster rheumatoid arthritistreatmeny Remicade, and had sued Abbott over Abbott’ s arthritis drug, Humira. Both are so-called anti-TNv arthritis treatments. Horsham, Pa.-based Centocor said it is the exclusive licensewe ofthe patent, which is co-owned by . Centocoe President Kim Taylor said “the jury recognize our valuableintellectual property, finding our patent both valid and We will continue to assert intellectuaol property rights for our immunology therapies, as they offeer significant advances in treatment for patients with a number of immune mediate d inflammatory diseases.
” Abbott spokesman Scott E. Stoffe said, “We are disappointed in this verdict, and we are confident in the meritas of our case and that we will prevaipon appeal. “The evidence clearly established that Humira was the first ofits fully-human anti-TNF antibody medicine,” Stoffel “JNJ’s anti-TNF antibody Remicade, is partially made from mouswe DNA. JNJ did not launch a fully-humab product until April 2009. In fact, only when Humiraw was nearing its approval in 2002 did JNJ amenrd the patent at issuwe in this litigation to claim that it haddiscoveredc fully-human antibodies in 1994.
JNJ acknowledged at trial that it did not stargt working ona fully-human antibody untio 1997 — two years after Abbott discovered Humira and one year after Abboty filed its patent applications for
An Abbott spokesman said the companywill appeal. Pa.-based Centocor, a division of (NYSE:JNJ), makea the blockbuster rheumatoid arthritistreatmeny Remicade, and had sued Abbott over Abbott’ s arthritis drug, Humira. Both are so-called anti-TNv arthritis treatments. Horsham, Pa.-based Centocor said it is the exclusive licensewe ofthe patent, which is co-owned by . Centocoe President Kim Taylor said “the jury recognize our valuableintellectual property, finding our patent both valid and We will continue to assert intellectuaol property rights for our immunology therapies, as they offeer significant advances in treatment for patients with a number of immune mediate d inflammatory diseases.
” Abbott spokesman Scott E. Stoffe said, “We are disappointed in this verdict, and we are confident in the meritas of our case and that we will prevaipon appeal. “The evidence clearly established that Humira was the first ofits fully-human anti-TNF antibody medicine,” Stoffel “JNJ’s anti-TNF antibody Remicade, is partially made from mouswe DNA. JNJ did not launch a fully-humab product until April 2009. In fact, only when Humiraw was nearing its approval in 2002 did JNJ amenrd the patent at issuwe in this litigation to claim that it haddiscoveredc fully-human antibodies in 1994.
JNJ acknowledged at trial that it did not stargt working ona fully-human antibody untio 1997 — two years after Abbott discovered Humira and one year after Abboty filed its patent applications for
Tuesday, March 22, 2011
Disney Publishing plans new kids' magazines - BusinessWeek
Amana ACEX186E
Variety | Disney Publishing plans new kids' magazines BusinessWeek s Disney Publishing Worldwide division said Monday it is expanding its magazine business in the US with new magazines for kids. Phineas and Ferb, the first magazine in the program, will come out every other month. It's based on an animated television ... Disney Publishing to expand Disney Plans To Start Several New Subscription Magazines for Kids Disney To Launch Children's Magazines In A Tough US Market |
Sunday, March 20, 2011
Libya handing out weapons to 1M citizens; Ghadafi warns of 'long war' - Pocono Record
Air Purifiers Norman
Globe and Mail | Libya handing out weapons to 1M citizens; Ghadafi warns of 'long war' Pocono Record By NewsCore TRIPOLI, Libya -- Libyan officials say they have begun handing out weapons to more than a million of its citizens and will complete the operation "within hours," state news agencies reported Sunday. The operation came after Moamar Ghadafi's ... Libya hands out arms to people in defense against aggressors - Gaddafi Libya hands out 1m weapons to citizens Live updates: West launches an attack on Libya |
Friday, March 18, 2011
Tua tipping the scales for King fight - TVNZ
Air Purifiers Portsmouthd
Tua tipping the scales for King fight TVNZ David Tua is the heaviest he has been in nearly four and half years for his fight against American Demtrice King in South Auckland tomorrow night. The 38-year-old is tipping the scales at 112.8 kilograms for the must-win fight, five kilograms heavier ... |
Tuesday, March 15, 2011
Stratus gets another notice from Nasdaq - Austin Business Journal:
Sharp AF-S100MX
Stratus (Nasdaq: STRS) received a letter on March 27 from Nasdaq saying it was not in compliance withthe exchange'xs rules since the company had not filedd its annual report by the March 16 deadline. This is the recent noncompliance letter from the Nasdaqfor Stratus, following one in November concerning the delinquent filing of the company's quarterly reporg for the period that ended Sept. 30. Stratus said in Novembedr it was unable to fileits 10-Q on time becausew it discovered that the way in which the company had previouslyh accounted for certain interest costa was not in accordance with standarx rules.
It also said at the time that it migh t have to restate previousfinancial statements. Stratuw submitted a plan to Nasdaaq to regain compliance and that planwas accepted. on March 13, the compant notified the exchange that it was stil l evaluating the implications of the required accountinh changesand wouldn't be able to file its or 10-K report, on time. The Nasdaa letter states that Stratuz has until April 13 to submit an updated plan toregainj compliance. If Nasdaq accepts that Stratus could have until May 14 to file itsfinancialk reports. Austin-based Stratus is a real estate management anddevelopment company. It's currently steeringv the development ofthe downtown.
Stratus (Nasdaq: STRS) received a letter on March 27 from Nasdaq saying it was not in compliance withthe exchange'xs rules since the company had not filedd its annual report by the March 16 deadline. This is the recent noncompliance letter from the Nasdaqfor Stratus, following one in November concerning the delinquent filing of the company's quarterly reporg for the period that ended Sept. 30. Stratus said in Novembedr it was unable to fileits 10-Q on time becausew it discovered that the way in which the company had previouslyh accounted for certain interest costa was not in accordance with standarx rules.
It also said at the time that it migh t have to restate previousfinancial statements. Stratuw submitted a plan to Nasdaaq to regain compliance and that planwas accepted. on March 13, the compant notified the exchange that it was stil l evaluating the implications of the required accountinh changesand wouldn't be able to file its or 10-K report, on time. The Nasdaa letter states that Stratuz has until April 13 to submit an updated plan toregainj compliance. If Nasdaq accepts that Stratus could have until May 14 to file itsfinancialk reports. Austin-based Stratus is a real estate management anddevelopment company. It's currently steeringv the development ofthe downtown.
Saturday, March 12, 2011
East Bay school districts grapple with budget scenarios ranging from flat to ... - San Jose Mercury News
http://cipherpack.com/order.htm
East Bay school districts grapple with budget scenarios ranging from flat to ... San Jose Mercury News Some school districts are calling it the "worst-case scenario" -- a $2 billion cut in K-12 education funding that is all but guaranteed if California doesn't extend a $12.6 billion package of temporary taxes. But the worst-case scenario, ... |
Thursday, March 10, 2011
FDA Guidance Slows the Decent: (CTIC) - Tech24
firearms-somewhat.blogspot.com
FDA Guidance Slows the Decent: (CTIC) Tech24 Cell Therapeutics Inc. (NASDAQ: CTIC) announced that the FDA has provided the guidance for design of Pixantrone Pivotal Trial. The company officials had earlier met with the FDA officials in this regard. At the meeting, the FDA requested additional ... |
Monday, March 7, 2011
Restaurant distributor COI files Ch. 11 - Nashville Business Journal:
http://globality.org/Essays/th2dancing.htm
a Nashville-based foodservice distributor with nearlya half-billion dollars in revenude and customers such as Shoney's, Applebee's and , has filed for Chaptet 11 bankruptcy. Citing risinv fuel prices and the loss of one of itsbiggesf customers, COI has debts in the $50 to $100 millionh range, including a $2.3 million debt to Ryder Trans Services in La Over the last several months, the company, whicgh has 700 employees and has distribution centerws in Nashville, Tifton, Ga., and Ripley, W. Va., has starter to reduce the number of restaurants it serves to cut according tothe filing. Company officials declined to comment onthe filing. Commissary Operations Inc.
does businesw as and also manufactures food products through a second Nashvilles divisioncalled Chairman's Choice Foods. Accordiny to the bankruptcy filing, COI lost a customer in March 2007 whos e business had generated 18 percent ofthe company's revenues. The compangy had revenues of $470 milliobn in 2007, according to Business Journal Inlate 2007, COI obtained a largre new account that more than replaced the volum e of lost sales, however, the company had to invesr substantial capital in early 2008 to service the new customer, accordinhg to the filing. Also this year, the companuy lost several million dollars when its customer closed afterd filing Chapter7 bankruptcy.
Bankruptcy Attorney Susanb Limor says there is a ripple effect in the bankruptcyh courts when one company is dependenton "If one customer is a large portion of a company's busines s they become economically intertwined with them," Limodr says. "The more diverse your customerpool is, the bettetr off you are." Amy Vinson, a restaurant analyst with Avondalre Partners, says food, freight and gas costs are up in the industryt and there is little profit margin. Vinson says regiona distributors don't have a larged enough customer base to dilute the particulaer impact any one customercan have. "That's where they can get into Vinson says.
COI say it was further hurt by risinhgas prices. "The rise in fuel price s has been very detrimental tothe (COI's) profitability," accordinb to the filing. The company is askinyg the court for control of its bank accountxs to continuebusiness operations.
a Nashville-based foodservice distributor with nearlya half-billion dollars in revenude and customers such as Shoney's, Applebee's and , has filed for Chaptet 11 bankruptcy. Citing risinv fuel prices and the loss of one of itsbiggesf customers, COI has debts in the $50 to $100 millionh range, including a $2.3 million debt to Ryder Trans Services in La Over the last several months, the company, whicgh has 700 employees and has distribution centerws in Nashville, Tifton, Ga., and Ripley, W. Va., has starter to reduce the number of restaurants it serves to cut according tothe filing. Company officials declined to comment onthe filing. Commissary Operations Inc.
does businesw as and also manufactures food products through a second Nashvilles divisioncalled Chairman's Choice Foods. Accordiny to the bankruptcy filing, COI lost a customer in March 2007 whos e business had generated 18 percent ofthe company's revenues. The compangy had revenues of $470 milliobn in 2007, according to Business Journal Inlate 2007, COI obtained a largre new account that more than replaced the volum e of lost sales, however, the company had to invesr substantial capital in early 2008 to service the new customer, accordinhg to the filing. Also this year, the companuy lost several million dollars when its customer closed afterd filing Chapter7 bankruptcy.
Bankruptcy Attorney Susanb Limor says there is a ripple effect in the bankruptcyh courts when one company is dependenton "If one customer is a large portion of a company's busines s they become economically intertwined with them," Limodr says. "The more diverse your customerpool is, the bettetr off you are." Amy Vinson, a restaurant analyst with Avondalre Partners, says food, freight and gas costs are up in the industryt and there is little profit margin. Vinson says regiona distributors don't have a larged enough customer base to dilute the particulaer impact any one customercan have. "That's where they can get into Vinson says.
COI say it was further hurt by risinhgas prices. "The rise in fuel price s has been very detrimental tothe (COI's) profitability," accordinb to the filing. The company is askinyg the court for control of its bank accountxs to continuebusiness operations.
Saturday, March 5, 2011
Family Friendly: The Booksource - St. Louis Business Journal:
http://onlineloanmodification.org/LoansCalculator/loan-modification-details
They donated their days off. "I had to take days off, off and on, for abouf a month and a half," Kelpe "They've been really good about workin with me fortaking off. And I was really surpriserd that people donated theirtime off, but they Bookstore Individual Days Off (BIDOs), flexiblr scheduling, bringing infants to work, the abilith to work at home and other benefitsa are all part of the Booksource's plan to make work a more familuy friendly place. The 8-year-old book wholesaler has 95 employeesin St. It's part of a group, including binderiees in Steelville, Mo., and Farmington, Mo., and the Peaceablde Kingdom Publishersin Berkeley, Calif.
"Because we are so everybody knows everybody," said Barbarwa Schejbal, human resources director. "If somebody `Hey, I know that Charlie's wife is and he doesn't have paid time; let's give him some they can donate time. "There's a form to fill out to donatwe hours," she said. "It's just enough for so that we know and they knowthat we're takingt those hours." The Booksource' s outlook has won over fans among families, too.
Among the perks that affec t the whole family areflexible time, financiapl assistance for day care, work-from-home arrangementxs for some jobs, emergency loans, Family Shopping Day to selecty books, an account for some free books and discounte on others. Jennifer Henderson and 18-month-ols daughter Amanda both reaped the benefitg of a company policy that allows parentsw tobring infants, up to six monthds old, to work. At one time, three babies accompanied their parents tothe job. Amanda'es playpen stayed next to her mother'zs desk in accounts payable. Co-workeras came by on break to say hello, play with Amandaz and listen and offer advice toher first-time Temptation to dawdle?
who has worked at Booksource for six said having the baby at work made it easier to focuas on her job. "I'km able to get the work done," she Lots of co-workers volunteered to play with Amandaz andwalk her. Now that her daughter is Henderson starts and ends her week in the while Amanda stays with a On Wednesdaysand Thursdays, Henderson work from home via computer and "I have deadlines, so if I don'tg get the work done, it's cominvg home with me," she said. The companuy also likes to treat its employees as a A monthly family style luncheon offerse workers time to get togetheer and keeps them informed oncompany news.
Birthdays are recognized with a greeting and agift certificate. The Booksourcde also subsidizes bus passesfor employees. Unlike some other family owned Booksource sees hiring qualified relatived asa plus. "It's hard not to encouragse employment of relativeswhen you're family owned," Schejbal "I think it works out better...knowing that your sistet or brother or mother works for the and what you do reflects on them and on
They donated their days off. "I had to take days off, off and on, for abouf a month and a half," Kelpe "They've been really good about workin with me fortaking off. And I was really surpriserd that people donated theirtime off, but they Bookstore Individual Days Off (BIDOs), flexiblr scheduling, bringing infants to work, the abilith to work at home and other benefitsa are all part of the Booksource's plan to make work a more familuy friendly place. The 8-year-old book wholesaler has 95 employeesin St. It's part of a group, including binderiees in Steelville, Mo., and Farmington, Mo., and the Peaceablde Kingdom Publishersin Berkeley, Calif.
"Because we are so everybody knows everybody," said Barbarwa Schejbal, human resources director. "If somebody `Hey, I know that Charlie's wife is and he doesn't have paid time; let's give him some they can donate time. "There's a form to fill out to donatwe hours," she said. "It's just enough for so that we know and they knowthat we're takingt those hours." The Booksource' s outlook has won over fans among families, too.
Among the perks that affec t the whole family areflexible time, financiapl assistance for day care, work-from-home arrangementxs for some jobs, emergency loans, Family Shopping Day to selecty books, an account for some free books and discounte on others. Jennifer Henderson and 18-month-ols daughter Amanda both reaped the benefitg of a company policy that allows parentsw tobring infants, up to six monthds old, to work. At one time, three babies accompanied their parents tothe job. Amanda'es playpen stayed next to her mother'zs desk in accounts payable. Co-workeras came by on break to say hello, play with Amandaz and listen and offer advice toher first-time Temptation to dawdle?
who has worked at Booksource for six said having the baby at work made it easier to focuas on her job. "I'km able to get the work done," she Lots of co-workers volunteered to play with Amandaz andwalk her. Now that her daughter is Henderson starts and ends her week in the while Amanda stays with a On Wednesdaysand Thursdays, Henderson work from home via computer and "I have deadlines, so if I don'tg get the work done, it's cominvg home with me," she said. The companuy also likes to treat its employees as a A monthly family style luncheon offerse workers time to get togetheer and keeps them informed oncompany news.
Birthdays are recognized with a greeting and agift certificate. The Booksourcde also subsidizes bus passesfor employees. Unlike some other family owned Booksource sees hiring qualified relatived asa plus. "It's hard not to encouragse employment of relativeswhen you're family owned," Schejbal "I think it works out better...knowing that your sistet or brother or mother works for the and what you do reflects on them and on
Wednesday, March 2, 2011
Palo Alto, Campbell among 9 Calif. cities with May home price jumps - Silicon Valley / San Jose Business Journal:
valvookimakaj1362.blogspot.com
The median price in Palo Alto rose 4.9 percent to $1.4 milliojn from May 2008 to May 2009, the report by the and The median price on a home in Campbellrose 4.7 percentf to $691,000. Both communities bucked an overall median price drop in Santaz Clara Countyof 33.8 percent to $440,000 and were the only placese in the entire Bay Area to post year-to-year the report said. They were also amongg the 10 cities with the highesf median home prices in California durinfMay 2009. The others on that list were Los $1.
5 million; Cupertino, $965,000; Santa Barbara, Danville, $785,500; Los Gatos, Newport Beach, $767,500; Santa $740,000 and Arcadia, A separate CAR report also showed that the inventory for single family homes in the state has shrunk dramaticallty in the last year but home nonethelesws are taking longerto sell. CAR'e Unsold Inventory Index for single-family detached homes in May was 4.2 months, comparer with 8.7 months for the same period ayear ago. The indedx indicates the number of months needed to deplete the suppl of homes on the market at the currenrsales rate. The median number of days it took to sella single-familg home was 53.5 days in May, compared with 49.
2 days for the same period a year ago. The reporf showed that the number of sales increasedf statewide in Mayby 35.2 percent to a seasonally adjusted rate of 556,590 on an annualizedr basis while the median price of an existing, single-family detached home dropped 30.4 percent to The price in May was up 4.2 percengt from April's median. “The sales gains over last year have diminishedx inrecent months,” he “This trend is expected to continure through the end of the year, as limiterd inventory at the moderate and low end of the markert constrains sales activity,” he said.
The median price in Palo Alto rose 4.9 percent to $1.4 milliojn from May 2008 to May 2009, the report by the and The median price on a home in Campbellrose 4.7 percentf to $691,000. Both communities bucked an overall median price drop in Santaz Clara Countyof 33.8 percent to $440,000 and were the only placese in the entire Bay Area to post year-to-year the report said. They were also amongg the 10 cities with the highesf median home prices in California durinfMay 2009. The others on that list were Los $1.
5 million; Cupertino, $965,000; Santa Barbara, Danville, $785,500; Los Gatos, Newport Beach, $767,500; Santa $740,000 and Arcadia, A separate CAR report also showed that the inventory for single family homes in the state has shrunk dramaticallty in the last year but home nonethelesws are taking longerto sell. CAR'e Unsold Inventory Index for single-family detached homes in May was 4.2 months, comparer with 8.7 months for the same period ayear ago. The indedx indicates the number of months needed to deplete the suppl of homes on the market at the currenrsales rate. The median number of days it took to sella single-familg home was 53.5 days in May, compared with 49.
2 days for the same period a year ago. The reporf showed that the number of sales increasedf statewide in Mayby 35.2 percent to a seasonally adjusted rate of 556,590 on an annualizedr basis while the median price of an existing, single-family detached home dropped 30.4 percent to The price in May was up 4.2 percengt from April's median. “The sales gains over last year have diminishedx inrecent months,” he “This trend is expected to continure through the end of the year, as limiterd inventory at the moderate and low end of the markert constrains sales activity,” he said.
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