Case-Shiller Index: Home prices drop 0.4% In January
Home prices in the Top 20 Metropolitan Areas declined 0.4% in January, according to the Standard & Poor’s Case-Shiller Index. It was the fourth consecutive monthly drop. The big winner was Los Angeles with a 0.9% increase over December. The biggest loser in this current market downturn continues to be Las Vegas where prices are off 55.8% from their peak. Las Vegas suffered a 0.5% decrease over December. Overall, home prices in the Top 20 Metropolitan Areas were down 29.6% from their July, 2006 peak .
Here’s a look at how the individual Top 20 Metropolitan Areas are performing: Read more
Unemployment remains at 9.7% in February
The Bureau of Labor Statistics reported today that the unemployment rate stayed 9.7% in February with 36,000 jobs being lost. The net loss of jobs suggests that many people have given up looking for work. Severe weather in much of the country might have affected employment in February.
Let’s breakdown the numbers: Read more
Case-Shiller Index: Home prices drop 0.2% In December
Home prices in the Top 20 Metropolitan Areas declined 0.2% in December, according to the Standard & Poor’s Case-Shiller Index. It was the second consecutive monthly drop. The big winner was Los Angeles with a 1.0% increase over November. The biggest loser in this current market downturn continues to be Las Vegas where prices are off 55.5% from their peak. Las Vegas did manage to eek out a 0.2% increase over November, the first monthly increase since August, 2006. Overall, home prices in the Top 20 Metropolitan Areas were down 29.4% from their July, 2006 peak .
Here’s a look at how the individual Top 20 Metropolitan Areas are performing: Read more
Unemployment falls below 10% in January
The Bureau of Labor Statistics reported today that the unemployment rate fell to 9.7% in January with 20,000 jobs being lost. This would suggest that many people have given up looking for jobs and have left the workforce, or have gone back to school.
Let’s breakdown the numbers: Read more
Case-Shiller Index: First price drop in seven months
Home prices in the Top 20 Metropolitan Areas declined 0.2% in November, according to the Standard & Poor’s Case-Shiller Index. It was the first drop in seven months. The big winner was Phoenix with a 1.1% increase over October. The biggest loser in this current market downturn continues to be Las Vegas where prices are off 55.6% from their peak. Overall, home prices in the Top 20 Metropolitan Areas were down 29.2% from their collective peak .
Here’s a look at how the individual Top 20 Metropolitan Areas are performing: Read more
