According to data from the NY Fed (illustrated for us by Statista), U.S. household debt climbed to a record high of $14.6 trillion at the end of 2020, with mortgage going above $10 trillion for the first time. They say this was driven mainly by a a record volume of mortgage originations, with households taking advantage of historically low rates to refinance. Either way, that’s a lot of debt. Continue reading HERE...
The U.S. government is reporting that privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,643,000, which is 6.3% higher than May’s revised number. However, this figu
The National Association of Realtors is reporting that existing home sales were up 1.4% in June to a seasonally-adjusted annual rate of 5.86 million (up 22.9% from one year ago). Total housing invent
The Pandemic has altered life as we know it in many ways – some of which are becoming more apparent every day. John Burns Real Estate Consulting says many buyers & renters that are no longer required