top of page
Search
  • Metro East REIA

Total Household Debt Keeps Rising

A new report from the NY Fed says total household debt rose by $313 billion (2.1%) to reaching $14.96 trillion in Q2, 2021. According to their latest Quarterly Report on Household Debt and Credit, mortgage balances was the largest component of household debt, rising by $282 billion. In addition, auto loans increased by $33 billion, credit card balances ticked up by $17 billion and student loan debt actually decreased by $14 billion. This is an information-rich report with 40+ pages of graphs and charts. Continue reading HERE...

4 views0 comments

Recent Posts

See All

The U.S. Government is reporting that sales of new single-family houses in August, 2023 were at a seasonally adjusted annual rate of 675k, which is 8.7% lower than July’s revised rate and is 5.8% high

Attitude can make or break you. We all have times in our lives where it is tempting to doubt ourselves and our abilities. Many of us also fall into the trap of externalizing control. It may be temptin

According to the latest U.S. Home Flipping Report from ATTOM, 84,350 single-family houses and condominiums were flipped in Q2, 2023 representing 8% of all home sales in the first quarter. Interesting

bottom of page