Rockford foreclosures drove down home prices by up to 43 percent in 2009 as unemployment continued to rise in the area. The jobless rate of Rockford rose to 16 percent in December, far above the nationwide rate of 10 percent.
Rockford foreclosures surged in 2009 as unemployment worsened in the area. Foreclosure activity rose in 2009 by more than 16 percent from 2008. The jobless rate, meanwhile, rose to an adjusted rate of 16 percent in December.
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