Tuesday, April 27, 2010

More Good News--Sort of:
Well, time for the monthly Case-Shiller Index of home sales. This one showed the first increase on a YEAR TO YEAR basis in three years--definitely an encouraging sign. However, it was muted by two things: 1.) the numbers didn't increase as much as analysts had predicted; and 2.) a number of the twenty metropolitan areas in the survey actually showed drops from the year earlier figures. The conflicting facts show that a recovery appears under way, but that so far it is still fragile.
Locally, the area with the highest increase was the SF Bay area by far. Definitely good news here.


Post a Comment

<< Home