Month: March 2012

Home Prices Fell to 2003 Levels in January

U.S. home prices dropped for the ninth consecutive month in January and despite a smaller decline than previous months, the numbers are only encouraging compared to the market’s previous tumbles. The average home price dropped 3.8 percent according to Standard & Poor’s Case-Shiller home-price indices for the 20 largest metropolitan […]

Durable Goods Hint At A Weak Quarter

New orders for long-lasting U.S. goods increased only slightly in February, signaling that economic growth in the first quarter could be tame following December’s expiration of a tax incentive. The Department of Commerce’s data showed that goods orders rose 2.2 percent last month to $211.8 billion, only partially reversing January’s […]

February Existing Home Sales Decline; But Up from Last Year

By Madhura Karnik Existing home sales declined marginally for February although remained relatively higher than the sales reported the same time last year, a sign that the housing market continues to improve. The National Association of Realtors (NAR) reported Wednesday that the existing home sales fell 0.9 percent to a […]

Former Fed Chairman Argues Against Partisan Gridlock

Former Federal Reserve Chairman Paul Volcker came to Cooper Union yesterday to argue that members of Congress put aside partisan differences and work to reduce the deficit and reform the banking system, as well as encourage Americans to focus on investment instead of consumption. In order to reduce the largest […]

Big Cost of Small Business

Samantha Bailey-Champagnie has worked in finance for years and is also the treasurer for two-non profit agencies, making her well equipped to co-manage a small franchise. But even an experienced, finance sector veteran like her has difficulty navigating the city’s web of bureaucracy and regulation. And getting stuck in that […]

Gas Surcharges Haven’t Added To Commodities, CPI Shows

By Menglin Huang| Mar 16, 2012 Higher gas prices in February drove headline consumer prices up by the most in 10 months. But outside of energy, the inflation still remained in check. The consumer price index, or CPI, increased 0.4 percent last month, marking its biggest gain since last April, […]

Consumers Remain Unfazed by Higher Gas Prices

With retail sales the highest they’ve been in five months, rising gasoline prices don’t seem to be fazing consumers, yet. Retail sales rose 1.1% in February, in line with economists’ expectations. Though higher gasoline prices accounted for some of the increase in spending, retail sales in February were still very […]

Two Markets in Southwest Florida – The Islands and Everyone Else

This graph shows different price rebounds in Southwest Florida. By Jackie Snow The average single-family home prices rose over 30 percent in Lee County in January compared to January 2011, causing some analysts to claim Southwest Florida is coming back after years of depressed prices. But this apparent recovery in […]