recovery Archive

Median Prices Rose to Highest Level, But Inflation-Adjusted Prices Still Below Bubble Peak

The median sales price of all existing homes sold rose to its highest level in May 2018, to $264,800. This peak price exceeds the housing bubble peak of $230,400 in July 2006. The median sales price of existing homes...

The Latest on Consumer Confidence

• People’s view of the economy is turning for the better. A record high stock market and continuing job additions are no doubt contributing to the better feelings. That in turn could move the economy into a virtuous cycle...

Housing Wealth Recovery

In just a short two years, the nation’s property owners have accumulated nearly $4 trillion in housing wealth.  During the harsh downturn, $7 trillion was wiped out.  As a result, the housing market is still in recovery mode and...

Lessons from the Irish Recovery

Europe is mired in economic recession.  Ireland, however, is not.  Ireland can also be said to no longer be part of PIGS, an acronym Goldman Sachs came up with to describe four countries (Portugal, Ireland, Greece, and Spain) with...

Small Town Job Recovery

The nation’s job market is slowly recovering.  Slowly is the proper description when the one year percentage gain to October has been only 1.5 percent.  However, some small-sized cities are moving at a very fast clip.  Here are some...