Posts Tagged ‘mortgages’

Cash Sales of Homes at All-Time High of 43%

May 9, 2014

The percent of US homes purchased with cash has reached an all-time high of 42.7%. This is nearly double the amount in the beginning of 2011.

–from RealtyTrac

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Home Equity Will Soon Be More Valuable than Mortgage Debt

January 9, 2014

For the first time since the US housing bubble burst, home equity is about to grow larger than mortgage debt. So, in sum, mortgages are no longer underwater. This obviously is not the case for many individual mortgages, but still bodes well.

–from The Economist

Student Loan Debt Reduces Likelihood of Buying Homes, Cars

June 6, 2013

Having student loan debt lowers the likelihood that a young American will purchase a home or car. Student loan debt is nearly inescapable and growing, increasing the chances that this trend will escalate over time.

–from The Washington Post

Delinquent Mortgages at Lowest Level in Five Years

May 7, 2013

Delinquent mortgages are at their lowest level since 2008. Fewer than 5,000,000 loans are between 30 days past due and foreclosure.

–from Calculated Risk

Americans under Twenty-Five Have Lowest Debt Level since 1995

April 22, 2013

 

Americans are continuing to de-leverage and this trend is very clear in a recent New York Fed study that shows fewer young people are buying houses are cars, although nearly 45% of them are attending college.

–from The Atlantic