Case-Shiller Index: Home prices up 1.0% In June

August 31, 2010 · Posted in Commentary · Comment 

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

August 6, 2010 · Posted in Commentary · Comment 

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:

Read more

Case-Shiller Index: Home prices up 1.3% In May

July 27, 2010 · Posted in Commentary · Comment 

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

July 2, 2010 · Posted in Commentary · Comment 

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:

Read more

Case-Shiller Index: Home prices up 0.8% In April

June 29, 2010 · Posted in Commentary · Comment 

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

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