SF Chronicle: "Bay Homes Lost $202B in Value in 2008"
by Carolyn Said, February 3, 2009
"Bay Area homes lost $202 billion in value in 2008, according to a real estate valuation service...Zillow's report showed that 27 percent of Bay Area homeowners now have negative equity, meaning they owe more than their home is worth."
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/02/03/BUFC15LT56.DTL&tsp=1
NY Times: "Economy Shed 598,000 Jobs in January"
by Edmund L. Andrews, February 6, 2009
"The United States lost almost 600,000 jobs last month and the unemployment rate rose to 7.6 percent, its highest level in more than 16 years..."
http://www.nytimes.com/2009/02/07/business/economy/07jobs.html?hp
