Posts Tagged ‘unemployment’

Affordability, Foreclosures, Inventory and Unemployment 5/20/2009

First Chart is showing what percentage of a population can afford the median priced home, in its area – for Riverside / San Bernardino Counties the lowest percent of families that could afford the median priced home was in the third quarter of 2006 at 18% – now in the first quarter of 2009 it is 65% of families that can afford the median priced home, which is superior to the National affordability rate of 64% for the first quarter of 2009.

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The National unemployment rate for Feb 2009 hit 8.1% – that is a significant increase from the Feb 2008′s 6.2. California hit 10.1% in January 2009 – again a big increase over the Jan 2008′s 6.1%.
Riverside – San Bernardino – Ontario (California) had an unemployment rate of 10.1% in December 2008 another big increase over the 6.5% from December 2007. Read the rest of this entry »