Will American highly-qualified workers soon have no other option but to get a job at companies from the very countries they were calling third-world not so long ago?
S&P Case/Shiller data for the month of April 2007 and earlier months is available here.
Biggest drops were in Detroit, MI (-2.45%) and Miam, FL (-1.21%).
Biggest gains were in Seattle, WA (+1.31%) and Dallas, TX (+1.29%).
According to data published by the Bureau of Economic Analysis available here, the 0.16% quarterly growth (equivalent to ~0.6% annualized rate) is the worst since 02Q4 when it had increased by only 0.05% from the previous period (equivalent to 0.2% annualized rate).
According to the S&P Case/Shiller® published last Tuesday, home prices in San Francisco have increased by .15% since February 2007. This the first uptick since May 2006.
Since May 2006, San Francisco home prices have dropped by 3%. This is to be compared to a 8% increase between May 2005 and May 2006, which leaves me with the feeling that the correction is not over yet.
The data is available here.