More than any other U.S. city, Las Vegas epitomized the housing boom and bust of the last decade. Housing prices were on a seemingly unending growth spree, a trend fueled by speculators flooding into the market and reaping profits off the bubble. Then, the bubble popped, cratering prices and pushing […]
Author: Janaki Chadha
U.S. unemployment falls to historic low in April, but sluggish wage growth persists
Unemployment fell in April to the lowest level since 2000, signaling the continued strength of the U.S. economy as the longer-than-expected recovery stretches on. The U.S. unemployment rate fell to 3.9 percent last month, down from 4.1 percent in March, the Labor Department said Friday. Meanwhile, employers added a total […]
Five Things to Watch in Tuesday’s Case-Shiller Home Prices Report
Standard & Poors will release its monthly Case-Shiller report Tuesday, which surveys existing single-family home prices. The report, which lags by two months, will cover housing market data from this past February. Over the past several months, this report has shown home prices rising continually across the country, and the […]
Home prices remained strong in January, putting prospective buyers in a tough spot
Home prices continued to rise during the first month of 2018, though the pace of growth is expected to slow down this year. The Case Shiller National Home Price Index rose 6.2 percent compared with January 2017, essentially the same as the 6.3 percent year-over-year increase reported in December, according […]
Lack of housing supply continues to drive rising home prices
Home prices continued rising during the last month of 2017, but there are early signs they may begin to slow in the coming months. The Case Shiller National Home Price Index jumped 6.3 percent in the 12 months leading up to December, up from a 6.1 percent year-over-year gain reported […]