The S&P / Case-Shiller Home Prices Index for 2009 is now complete. This is the go-to index for comparing value trends in 20 housing markets across the country, and it has been produced since 1987. Any one month’s reported value is really the average of the trailing three months. So, for December 2009, it essentially 4Q09 averages. [...]
Bakersfield is a pretty good place to do business. While we were not immune to the effects of the “great recession”, we’ve faired better than most. With the help of a number of people, I’ve compiled a summary of the economics-related ”lists” Bakersfield has appeared in over the last year, which I share with you today. [...]
Back in September, I posted IHS Global Insight’s forecast of job recovery for California’s cities (California Job Recovery Forecast, Sept. 28, 2009). What’d they see? Bakersfield will return to “peak employment” faster than any other city in the state, by 2Q11. Now comes the 2009 Milken Institute/Greenstreet Real Estate Partners Best-Performing Cities Index, which ranks the 200 [...]
