Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Economic News

Home Prices Are Recovering from Recession, Not Out of Woods Yet

Published

S&P Case-Shiller Home Price Index

home prices risingDespite today’s S&P Case-Shiller home price index report showed home prices at 9% lower than last year, the third quarter upturn of 3.1% is catching the attention of analysts nationally as we experience the second quarter in a row with rising prices.

This change is of importance because prices had been declining and at one point experienced a 19% decline when comparing the first quarter of 2009 to 2008 and this change gives industry insiders reason to be optimistic.

Various areas are seeing different results, but PropertyMaps.com CEO, Jeff Chambers noted good news, saying that “while the prices in Austin are basically still flat, we’re seeing more deals come through and closing faster.”

In this article:, ,
Written By

Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.

5 Comments

5 Comments

  1. PropertyMaps.com

    November 25, 2009 at 5:01 pm

    @agentgenius Home Prices Are Recovering from Recession, Not Out of Woods Yet https://bit.ly/8O8T9x

    Reply

  2. Realzi

    November 25, 2009 at 5:57 pm

    RT @PropertyMaps: @agentgenius Home Prices Are Recovering from Recession, Not Out of Woods Yet https://bit.ly/8O8T9x

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

we respect your privacy and take protecting it seriously

Advertisement

KEEP READING!

A Black woman sitting at a kitchen table with a laptop open and consulting a credit card to check credit card debt. A Black woman sitting at a kitchen table with a laptop open and consulting a credit card to check credit card debt.

Business Finance

Historic credit card debt levels reveal economic pain points

As economic stresses continue, many start to lean into credit card debt to try and balance inflating prices and stagnant wages.

February 7, 2024
A woman with short cropped hair standing next to a brick wall with neon signs illuminated behind her. Despite the recession she is fashionably dressed with sunglasses and a fluffy jacket. A woman with short cropped hair standing next to a brick wall with neon signs illuminated behind her. Despite the recession she is fashionably dressed with sunglasses and a fluffy jacket.

Tech News

The Stripper Index: An unorthodox recession measurement

While there are several official ways to measure a recession, the stripper index can be a unique indicator to see where the wind's blowing.

December 12, 2023
NASA view of space and the earth NASA view of space and the earth

Business News

To the moon and back: The economic benefits of NASA explained

We all know and love the company NASA for their space exploration efforts, but how much of an economic impact do they have? Turns...

October 26, 2023
person looking out window representing tech layoffs person looking out window representing tech layoffs

Tech News

Why mass tech layoffs don’t necessarily indicate a recession

Yes, layoffs are surmounting all around those in the tech industry, and though many foresee this as a recession indicator, it isn't.

September 22, 2023
Advertisement

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.