Housing Recovery Faltering; Nasdaq Closes at 14-Year High

The record finishes continue as the Dow and S&P 500 both end at all-time highs. Nasdaq also finished in the green at a 14-year high. The number of available jobs increased in most states during May thus the jobless rate fell in 20 states last month. Also, jobless rates were below the national average of 6.3% in 28 states. The U.S. housing recovery that has been occurring over the course of the past 2 years seems to be faltering as housing prices continue to rise. Housing prices are increasing too quickly for many buyers to be able to keep up.

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Published on Jun 20, 2014
By InvestorGuide Staff

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