Home sales plunged in July and housing prices may dip again. But in six metropolitan areas, the housing picture is far brighter: Home values are rising and median prices are already well ahead of their peak during the housing bubble. What allowed these metro areas to beat the downturn in home sales prices? Two are state capitols. Five have lower-than-average unemployment. All of them had undervalued real estate, even at the height of the housing boom, says Lawrence Yun, chief economist for the National Association of Realtors (NAR). When mortgage rates fell, "they had room to grow" and home sales rose. Is your city on the list? Click on the right arrow to see each metro area:
08/24/2010 05:01 pm
Although 30-year mortgages are at historic lows, some economists say rates on 30-year mortgages could fall further. So should you wait before refinancing?
10/06/2011 04:48 pm
The differences between the US and Japan are great, but expect a Japan-like lengthy period of slow growth and deflation as America works down its debts
10/04/2011 12:00 pm
Fixed mortgage rates could go down another half percentage point. But if refinancing can save serious money now, homeowners should grab lower fixed mortgage rates now.
10/03/2011 06:43 pm
The dueling job-creation plans that President Obama and GOP figures have rolled out are feeding into a broader debate about what role the US government should play in the economy.
09/16/2011 04:06 pm
Europe's debt woes will lead to further declines in the euro and European stocks. The risk to the US? Its banks.
09/07/2011 11:38 am
Although it added no net new jobs in August, the economy has some sectors that are growing robustly. Technology, health care, and some regional job markets are doing well.
09/02/2011 01:46 pm
The possibility of a recession this year or next is rising because growth is so weak. Weak growth makes the economy more vulnerable to shocks.
08/04/2011 10:22 am
Army Pfc. Naser Abdo had a bombmaking article by a branch of Al Qaeda, which had been posted online, according to court documents. In a court appearance Friday, Abdo yelled the name of the man charged with killing 13 peple at Fort Hood in 2009.
07/29/2011 06:15 pm
With more evidence that China's economy might face a hard landing, much of the momentum for commodities is starting to subside
07/05/2011 01:00 pm
Housing prices, once on the rebound, are falling again. Inventories of unsold homes mean housing prices will remain weak for years.
06/16/2011 11:54 am