Data Supports Specter of Unemployment Keeping Foreclosures High in Some States

| From
Foreclosure Data Online

NEW YORK, N.Y., Jan. 31 (SEND2PRESS NEWSWIRE) -- According to The Associated Press' monthly analysis, higher unemployment and foreclosure rates, especially in South Atlantic and Mountain states, raised the nation's economic stress in November. This supports the findings from that confirms Colorado and Florida have more of the top 10 cities listed for the number of foreclosures because these states rely on hard hit tourism, and have recently lost drilling, mining, or construction jobs.

After a year of oil spill and clean up in the Gulf, vacationers may be back in 2011. But with a weak economic outlook for jobs, the dollars allocated for vacations and tourism may be delayed until the loss or expense of money from the last few years are recovered.

Even though the economy added about 1.1 million jobs over the course of 2010, nationally, the unemployment rate increased to 9.8 percent in November from 9.7 percent in October. In December, the rate slipped to 9.4 percent. And many jobs are not expected to return.

Businesses remain on the sidelines as they await the outcomes of the new laws and public policies that will cement the direction of the country. As consumer confidence grows and the creation of more jobs in newer industries takes hold, the outlook for 2011 and 2012 may be brighter. But experience shows that job creation is slow and steady, and takes a long time.

Even though some cities like Denver and Aurora are in the top of the ForeclosureDataOnline list, the number of foreclosures has decreased in the last month, while other cities like Chicago, Minneapolis and Charlotte have more to consider in the near future.

City, State / % increase or decrease from Dec 2010 to Jan 2011

1. Denver, CO			-2.0245
2. Aurora, CO -2.5795
3. Phoenix, AZ 3.4874
4. Las Vegas, NV 0.2609
5. Chicago, IL 11.4537
6. Miami, FL 0.2714
7. Orlando, FL 8.2024
8. Sacramento, CA 5.4307
9. Tucson, AZ 3.5714
10. Fort Lauderdale, FL 3.8647
11. Atlanta, GA 9.9738
12. Minneapolis, MN 12.2616
13. Houston, TX 2.2333
14. Mesa, AZ 4.5802
15. Charlotte, NC 13.9276

More information: .

News Source:
Like, Share, Save this press release:
  TWEET   SHARE   G+   PIN IT   STUMBLE   LinkedIn   Instapaper   Buffer

The content of the above press release was provided by the “news source” (ForeclosureDataOnline) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2011 ForeclosureDataOnline with newswire version Copr. © 2011 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 28 2016:
[ count retired 8.4.16 ]

Real Estate, New York Business, or: Search

back to top
REFERENCES: Foreclosure Data Online, foreclosure listings, Foreclosure Data Online, weak economic outlook for jobs, Colorado and Florida have more of the top 10 cities listed for the number of foreclosures, vacations and tourism may be delayed, ForeclosureDataOnline, Denver, Aurora Colorado, news, press release from ForeclosureDataOnline, Jan 31, 2011, Real Estate, Finance, Internet, New York, New York, Data Supports Specter of Unemployment Keeping Foreclosures High in Some States