Click below to watch this weeks Economic Update. Topics include the housing sector, home prices, and initial jobless claims data. In February, both existing and new home sales tumbled. Adding to this lackluster performance, January home prices fell yet again to a new record low, according to the S&P/Case-Shiller 20-city home price index, so the [...]
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How The Cities Did in January
January’s report was disappointing as 16 cities saw prices fall month to month and eight made new post-crisis lows. Atlanta and Detroit are the hardest hit based on current levels. However, Detroit has rebounded from its low by a larger percentage than any city except for Washington DC. Across all 20 cities, the average gain [...]