We’d probably all heard of the word subprime before, but maybe we didn’t know exactly what it meant… until is was in the news daily in 2007…until the affects of subprime mortgages touched the lives of so many, weakened the real estate market, brought about increases in foreclosures and prompted change in the mortgage industry. (Change is often a good thing.) So Subprime seems to be a logical choice for word of the year as reported by the article on Subprime word of the year over at the Inman News blog.
By the way, did you know that the word of the year for 2006 was "Plutoed"? Never heard of it, had you? It means to "Demote or devalue someone or something as happened to the former planet Pluto when it was determined to no longer meet the definition of a planet." So does that mean school text books and school solar system models all have to be redone now??
Here’s hoping the word of the year for 2008 has something to do with an incredible resurgance in the real estate market in Wisconsin and everywhere else combined with the accompanying euphoria of buyers, sellers, brokers and agents. Maybe Realphoria?
Have an idea for word of the year, 2008? Send it on over in a comment and thanks for reading