Case-Shiller Index: Home prices drop 0.5% In March

May 25, 2010 · Posted in Commentary · Comment 

Home prices in the Top 20 Metropolitan Areas declined 0.5% in March, according to the Standard & Poor’s Case-Shiller Index. It was the sixth consecutive monthly drop. The big winner was Cleveland with a 1.8% increase over February. Detroit suffered a catastrophic drop of 4.1% over the previous month. The biggest loser in this current market downturn continues to be Las Vegas where prices are off 56.3% from their peak. Las Vegas suffered a 0.8% decrease over February. Overall, home prices in the Top 20 Metropolitan Areas were down 30.6% from their July, 2006 peak .

Here’s a look at how the individual Top 20 Metropolitan Areas are performing: Read more

Unemployment increases to 9.9% for April, 290k jobs added

May 7, 2010 · Posted in Commentary · Comment 

The Bureau of Labor Statistics reported today that the unemployment rate jumped to 9.9% in April despite 290,000 jobs being added. This was the biggest increase in employment in 4 years. The fact that the unemployment rate increased despite the large increase in employment indicates that more people continue to enter the workforce.

Let’s breakdown the numbers: Read more

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