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Tag Archives: debt

The Evolution of Housing Wealth

What are the shifts in the distribution of housing wealth and how has it evolved after the Great Recession? A research by the New York Fed found some compelling answers.

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Debt and Regret Among Some Homebuyers

Purchasing a home is unquestionably one of the biggest expenditures most consumers will make in a lifetime. It’s exciting, it’s nerve-wracking, it’s fraught with decisions. And when you finally find the “perfect” space to call your own, it’s also nearly ...

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The Debt Dilemma

Editor's note: This story was originally featured in the March issue of DSNews, out now. In February 2017, the financial media sounded the alarm that total U.S. consumer debt was at $12.6 trillion, just a hair short of the $12.7 trillion peak ...

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Household Debt Reaches Recession-Level Highs

On Wednesday, the New York Federal Reserve released its Q1 report on household debt and credit. According to the report, total household debt totaled $12.73 trillion in Q1 2017. This means that household debt has finally surpassed its $12.68 trillion peak reached during the recession in 2008. This is a $149 billion quarterly increase.

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Defaults on the Downward Slope

The default rate has been steady and falling as home prices continue to rise in most parts of the country and sales of both new and existing homes increase. The default rate for both first and second mortgages fell in April. Additionally, most cities saw declining default rats, with the exception of New York.

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The State of Household Debt and Homeownership in America

Household debt reached a peak of $12.7 trillion in Q3 2008. Following the peak, debt declined for several years until recently. The past three years have seen a gradual increase in debt, reaching $12.6 trillion by Q4 2016. Borrowers have shifted away from housing-related debt into student loan and auto debt.

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