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Tag Archives: Housing Market

Unemployment Rate Skyrockets to 14.7%

The U.S. economy lost 20.5 million jobs in April and the unemployment skyrocketed to 14.7%, according to the U.S. Bureau of Labor Statistics (BLS).  The unemployment rate rose from the prior month’s 4.4%, with CNN reporting this being the most-sudden ...

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Why are Homeownership Rates Falling?

  Despite all signs pointing toward a growing housing sector—record-low mortgage rates, strong refinance activity, and falling interest rates—information from Axios shows homeownership rates are dropping across the board.  From 2002 to 2018, the homeownership rate for ages 35-64 have ...

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The Fastest Growing Household Debt for Borrowers

J.P. Morgan Chase reports that student debt has doubled in the past 10 years to $1.5 trillion in 2018—second only to mortgage debt—and impacts 45 million borrowers.  “Although the financial returns from a higher education degree over a lifetime typically ...

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