Case-Shiller Index: Home prices down 0.2% In August
Home prices in the Top 20 Metropolitan Areas fell 0.2% in August, according to the Standard & Poor’s Case-Shiller Index. This drop ended four months of consecutive price increases. The big winner for a second month is a row was Detroit with a 0.5% increase over June. Phoenix was the biggest loser suffering a drop of 1.3% over the previous month. The biggest overall loser in this current market downturn continues to be Las Vegas where prices are off 57.0% from their peak. Overall, home prices in the Top 20 Metropolitan Areas are down 28.1% from their July, 2006 peak .
Here’s a look at how the individual Top 20 Metropolitan Areas are performing: Read more
Case-Shiller Index: Home prices up 0.6% In July
Home prices in the Top 20 Metropolitan Areas rose 0.6% in July, according to the Standard & Poor’s Case-Shiller Index. This was the fourth consecutive monthly increase. The big winner was Detroit with a 1.6% increase over May. Las Vegas was the biggest loser suffering 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 57.0% from their peak. Overall, home prices in the Top 20 Metropolitan Areas are down 27.9% from their July, 2006 peak .
Here’s a look at how the individual Top 20 Metropolitan Areas are performing: Read more
Unemployment edges up to 9.6% in August, 54k jobs lost
The Bureau of Labor Statistics reported today that the unemployment rate increased to 9.6% in August with 54,000 jobs being lost. Private sector employment increased by 67,000 jobs.
Let’s breakdown the numbers:
Case-Shiller Index: Home prices up 1.0% In June
Home prices in the Top 20 Metropolitan Areas rose 1.0% in June, according to the Standard & Poor’s Case-Shiller Index. This was the third consecutive monthly increase. The big winners were Minneapolis, Chicago, and Detroit with a 2.5% increase over May. Las Vegas was alone in suffering a drop of 0.6% over the previous month. The biggest loser in this current market downturn continues to be Las Vegas where prices are off 56.7% from their peak. Overall, home prices in the Top 20 Metropolitan Areas are down 28.4% from their July, 2006 peak . Read more
Unemployment remains at 9.5% in July, 131k jobs lost
The Bureau of Labor Statistics reported today that the unemployment rate remained 9.5% in July with 131,000 jobs being lost. Temporary Census workers accounted for 143,000 of the total jobs lost. Private sector employment increased by 71,000 jobs.
Let’s breakdown the numbers:
