Some interesting graphs from various sources (referenced on graph).
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Category Archives: Statistics
Foreclosures up 75% in 2007
Thursday, March 27, 2008
As stated by MSN Money,
“More than 1% of all households slipped into foreclosure in 2007, as more borrowers failed to keep up on their mortgages. Nevada led the nation with the highest foreclosure rate, while California had the highest total number of foreclosures.”
Read the full story from MSN.com
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And the Award for “Largest Decrease in Home Values” goes to…
Saturday, February 16, 2008
Here are the 10 top cities for decreasing property values (as compared to a year ago):
Sacramento, CA (-18.5%)
Las Vegas, Nev. (-17.2%)
San Diego, Calif. (-17.1%)
Tampa, Fla. (-11.7%)
Los Angeles, Calif. (-10.7%)
Miami, Fla. (-10.6%)
Phoenix, Ariz. (-9.5%)
Jacksonville, Fla. (-8.7%)
Detroit, Mich. (-7.7%)
Atlanta, GA (-7.1%)
Click here for the full slideshow from Forbes…
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More Signs of Recession - Stagflation
Saturday, February 16, 2008
As of today, February 16, more are more signs are leading towards a further declining market:
U.S import prices went up by 1.7% which was driven by increased prices for oil
Export prices increased 1.2% which was the largest jump since 1989.
The Reuters/University of Michigan index of consumer sentiment dropped to 69.6 which was the lowest it [...]
January Job Losses are the Highest in 4 years
Tuesday, February 5, 2008
It was reported that over 17,000 jobs were lost last month. Most of the jobs were lost in construction, the mortgage industry and in real estate (no surprise there!). This doesn’t even include all of the real estate agents who are still technically employed with a broker but are not seeing any income [...]
Recession Looming for California and Florida due to a Declining Real Estate Market
Thursday, January 17, 2008
Though the “R” word has been on the tip of everyone’s tounge for the nation, today MSN posted an article stating that both California and Florida (two of our largest US economies) are pratically in a recession. The primary factory is contributed to the continuing declines in both the number of home sales and sale [...]