During July-August 2011, the prices for New Jersey foreclosures were decreasing statewide, while the prices for existing single-family homes were slightly higher resulting in flat prices for the market as a whole. On the employment front, the state gained a net of 1800 jobs, with 3900 private sector jobs added. The New Jersey unemployment rate [...]

The economy of Pennsylvania, a state that is dominated by coal and steel, has suffered in recent months. Pennsylvania continues to be the leading state in coal production in the United States, but the economic downturn has caused massive pricing fluctuations. Pennsylvania’s unemployment rate has increased slightly since July and is listed at 7.8%. New [...]

Ohio is believed to be one of the states that have been hit hardest by the recent economic crisis. Lawmakers are scrambling to promote policies that foster an environment that will lead to job creation and possibly lower unemployment. Ohio foreclosures continue to be a low cost investment opportunity for those in the real estate [...]

There are currently approximately 28,000 Colorado foreclosures in the market. That is a somewhat higher number than other states with a similar population. The unemployment rate in Colorado, currently at 8.5%, has been somewhat lower than the overall US rate. The economy in Colorado has been somewhat cyclical in the past, in part because the [...]

The number of Arkansas foreclosures in the middle range of surrounding states as economy of Arkansas has not been hit as badly as some other states. The unemployment rate has been below the US national average during the recent recession with a current rate of unemployment just over 8%. The economy of Arkansas includes a [...]

Nevada is among the states most significantly harmed by the glut of foreclosures. The 57.800 Nevada foreclosures available for purchase, at an average listing price of $122,600, really show the dire situation Nevada’s housing market is in. To make matters worse, Nevada’s rate of unemployment has reached 14.9%, the worst in the US.  The economy [...]

The economy in Michigan is still in a very painful position. Unemployment rates are hovering at just under 11% and have increased slightly in the last few months. With almost 130,000 new layoffs in July, Michigan residents are not hopeful about the future of the housing market. Residents also complain of decreased unemployment benefits and [...]

Arizona’s economy is looking up while the housing sector is finding it hard to recover. This summer, the economy has gone up with increased tourism dollars. Arizona foreclosures have not slowed because the unemployment rate is around 9%, causing many families to find themselves on the edge. Over 23,000 new layoffs in the month of [...]