United States
American House Prices Continue To Fall
The American average house price was $170,300 (£121,900) in January, down 14.8 percent from a year earlier. A high prevalence of distressed home sales, and of those in lower price ranges has skewed the average price to be lower than under normal market conditions.
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Health Care Jobs Continue To Grow In USA
The United States jobless rate rose to 7.2 percent in December, the highest in 16 years. The official data was full of gloomy reading apart from the American health care industry, which added jobs in December.
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Average American Full Time Weekly Wage $720
The average weekly earnings of America’s full-time wage and salary workers was $720 in the third quarter of 2008. This was 3.6 percent higher than a year earlier, compared with a rise of 5.3 percent in the cost of living over the same period.
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Average American House Price Below $200,000
The average American house price was $191,600 in September, down 9.0 percent from a year ago when the average was $210,500. Distressed sales are currently 35 to 40 percent of transactions which are pulling the median price down because many are being sold at discounted prices.
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House Sales Fall in USA as Credit Tightens
The average house price in the West fell a massive 23.9 percent from a year ago to $251,600. The total number of houses sold in the USA fell as tight mortgage credit curtailed activity.
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