Home prices in the Top 20 Metropolitan Areas rose 0.8% in April, according to the Standard & Poor’s Case-Shiller Index. This was the first increase since September. The big winner was Washington, D.C. with a 2.4% increase over March. Miami suffered a drop of 0.8% over the previous month. The biggest loser in this current market downturn continues to be Las Vegas where prices are off 56.2% from their peak. Las Vegas prices rose 0.2% over March. Overall, home prices in the Top 20 Metropolitan Areas are down 30% from their July, 2006 peak .
Here’s a look at how the individual Top 20 Metropolitan Areas are performing: Read more
The Bureau of Labor Statistics reported today that the unemployment rate edged down to 9.7% in May with 431,000 jobs being added. Temporary Census workers accounted for 411,000 of the total jobs added. Private sector employment increased by 41,000 jobs.
Let’s breakdown the numbers: