Forbes – Housing Hobbles Into 2011, Here’s Why It’s Not Getting Better – Home prices have now fallen farther from their peak than they did during the Great Depression. Since 2006, the average home price has fallen 26%.
USA Today – Holiday spending ‘record’ is good but … – Holiday spending reached the highest level on record last year, but that news isn’t as good as it sounds.
American Bankers Association – BANK ECONOMISTS SEE SUSTAINED ECONOMIC EXPANSION – The country’s economic health is steadily improving and on a path to sustained economic expansion in 2011, according to the Economic Advisory Committee of the American Bankers Association.
CNN Money – 1 million homes repossessed in 2010 – Foreclosures were at a record high in 2010, and more than 1 million people lost their homes, even as notices started leveling off during the end year.
CNN Money – Vegas home prices: On the skid until 2032 – Move over, Cleveland. Make room, Detroit. Beat it, Buffalo. There are some competitors for the title of America’s most depressed real estate market.
Portland Press Herald – Tourism leads Maine out of the recession – Putting aside the hornet’s nest of what exactly is tourism — that’s a subject for another column — it is interesting to compare the last few years’ rates of growth of total taxable retail sales with the sales of meals and lodging establishments.