Tag Archives: Recession

Washoe County Jobless Rate 13.4%

The Reno/Sparks February  unemployment rate was reported at 13.4% by the  Nevada Department of Employment, Training and Rehabilitation.  Statewide rate was set at 13.2% with The Las Vegas area at 13.8%.  It would appear that any recovery would be a … Continue reading

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16,500 New IRS agents to Enforce Obamacare

Did you know that hidden in the Obamacare bill we face $400 Billion in new taxes and we get to hire 16,500 new IRS agents to enforce it. That’s some Hope n Change. Read it here:  http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/16500-more-IRS-agents-needed-to-enforce-Obamacare-88458137.html

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Nevada Real Estate News

Borrowers wait for answers on President Obama’s loan plan:   RGJ About 1.1 million borrowers have enrolled in the program since it started a year ago, but so far only about 170,000 have completed the application process, the government said … Continue reading

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Tracking the Nations Bank Failures

I just saw this very interesting Wall Street Journal report showing a time line of bank failures beginning in 2008. See it here.

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Job Creation Marketplace Dismal in the West

This map shows the job market conditions in different regions in the country.  As you can see, the South seems to be in the best shape while the West is hurting, big time.  I suspect that the real lines are … Continue reading

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Loan Underwater: Just walk away?

As you  probably already know about 25 % of the mortgages nationwide (In Nevada the numbers are higher) are upside down.  Well, the solution, according to this NY Times article by Roger Lowenstein is to just walk away.  University of … Continue reading

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A Graphical Representation of Unemployment

For a graphical representation of unemployment in this recession click this link. http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html It wowed me. Do you think it might affect foreclosures, short sales, or any recovery?

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Forecloosure Activity Changes, but Reno/Sparks Still in Top Ten

Some of the nations leading foreclosure markets have a decrease in foreclosure activity, but the Reno Sparks area is still number nine nationwide, according to RealyTrac.  Rising unemployment and mortgage resets are blamed for the changes. New foreclosure hot spots … Continue reading

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Near Record Low Mortgage Rates

Mortgage rates are at near record low levels. And, for our own re-fi, – would you believe the bank is concerned that I mis-spelled the name of my second cousin, fourth removed and forgot to mention the $15.00 that I … Continue reading

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The ‘Real’ Jobless Rate: 17.5% Of Workers Are Unemployed

We’re told that Nevada’s unemployment rate is about 13% and the national rate stands at 10.2%.  But some have suggested that there is a large segment whose unemployment compensation has run out and have given up even looking for work.  … Continue reading

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