Unemployment rate now is at 7.6 percent, but may rise above 8 percent a year from now. Nearly 8.3 million homes had negative equity at the end of 2008, up 9 percent from September. Arizona, California, Florida, Georgia, Michigan, Nevada and Ohio still top the list with 62 percent of underwater borrowers. The value of residential properties fell to $19.1 trillion in 2008 from $21.5 trillion in 2007. Treasury Department unveils new program to help up to 9 million borrowers stay in their homes.”]
Source: https://www.bankinfosecurity.com/private-sector-lost-697000-jobs-in-feb-a-1249