California Unemployment Rate Hovers at 12.4%
January 22, 2010
Unemployment in California is sitting pretty steady, and now sits at 12.4%. December of 2008, the unemployment rate was a 8.7%. The job market continued to be extremely weak, with 80% of the states reporting an increase in unemployment. The biggest sectors to lose jobs over the past twelve months are: Construction, down 16.1% Manufacturing, [...]
Read More >>Heading North – CA Unemployment Up To 12.5%; Santa Clara County 11.9%
November 20, 2009
The EDD released unemployment figures today, and the rate was up to 12.5% in October, a 20 basis point increase from September’s 12.3%. Last year, it was 8% in October signalling a 50% year-over-year increase! In raw numbers, year-over-year, we’ve shed nearly a million jobs in California alone total, nearly 700K if you look at [...]
Read More >>California Unemployment Up To 12.2%
September 18, 2009
Unemployment numbers are out for California from the Bureau of Labor Statistics, and they are not looking good. California’s unemployment rate is up to 12.2% (August), a brutal number and a record level. The rate is up 30 basis points from July. Year-over-year, the rate is up 460 basis points. Nevada also reached a record [...]
Read More >>January 2009 California Residential Foreclosure Numbers
February 12, 2009
California’s 2009 foreclosure numbers have been released by ForeclosureRadar. The number’s still are ugly, but at least lenders are providing more incentive for third party buyer’s to buy on the courthouse steps. According to the report, average lender discounts from outstanding loan balance was 41.4%, whereas it was only 16.1% a year earlier. There was [...]
Read More >>California Unemployment Rate Skyrockets From 8.4 to 9.3% in One Month
January 23, 2009
California unemployment numbers are out for December and they are abysmal. The EDD is reporting an unemployment rate of 9.3% for December 2008, a huge jump from November’s rate of 8.4%. In Santa Clara County, the unemployment rate is 7.7%, and in San Mateo County it is still a healthy 5.9%. San Francisco County is [...]
Read More >>Closing Customs and Costs in San Francisco Bay Area Counties
August 14, 2008
In the San Francisco Bay Area, the closing customs vary from county to county. Some cities also assess a city transfer tax in addition to the county transfer tax. In most areas where the city doesn’t assess a city transfer tax, the county rate is $1.10 per $1,000 in property value. The below shows how closing [...]
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