Ryan Carter, Staff Writer
Created: 08/27/2010 06:38:05 PM PDT
The financial hits just kept coming over the last week.
When the reports started coming seven days ago, you might have figured that things could only get better.
That’s when it was reported July’s unemployment rate for San Bernardino and Riverside counties rose to its highest level since 1990 – from 14.3 percent in June to 14.8 percent in July.
But the regional economy, news didn’t get much better the rest of the week – especially if you depend on the real estate industry for a living.
While home prices rose 10.7 percent in San Bernardino County compared to the previous July, the California Association of Realtors said sales of existing homes dipped nearly 30 percent from the same month a year ago.
It wasn’t much solace the following day, when it was reported that the economic recovery seemed to be slowing in the area, as businesses cut back in July on ordering equipment and machines.
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