Case-Shiller Index: Home prices up 1.3% In May
Home prices in the Top 20 Metropolitan Areas rose 1.3% in May, according to the Standard & Poor’s Case-Shiller Index. This was the second consecutive monthly increase. The big winner was Minneapolis with a 2.8% increase over April. Las Vegas was alone in suffering a drop of 0.5% over the previous month. The biggest loser in this current market downturn continues to be Las Vegas where prices are off 56.4% from their peak. Overall, home prices in the Top 20 Metropolitan Areas are down 29.1% from their July, 2006 peak .
Here’s a look at how the individual Top 20 Metropolitan Areas are performing: Read more
Unemployment drops to 9.5% for June, 125k jobs lost
The Bureau of Labor Statistics reported today that the unemployment rate edged down to 9.5% in June with 125,000 jobs being lost. Temporary Census workers accounted for 225,000 of the total jobs lost. Private sector employment increased by 83,000 jobs.
Let’s breakdown the numbers:
Case-Shiller Index: Home prices up 0.8% In April
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
Unemployment decreases to 9.7% for May, 431k jobs added
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:
Case-Shiller Index: Home prices drop 0.5% In March
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
