Business

May 22, 2017

Switching Gears: Builders Turn to Starter Homes to Lure Millennials

First-time buyers are rushing to buy homes after a decade on the sidelines, promising to kick a housing market already flush with luxury sales into higher […]
May 19, 2017

American Households Spend 53% of Its Income On These Expenses

If there’s one fairly steady theme over the past couple of decades, it’s that consumers are saving less of their income and their household budgets are […]
May 17, 2017

Majority of Homes Priced Below Pre-Recession Peak

While many reports show that home prices in many markets surpassed their previous peak, Trulia’s new study shows this is just the average, and more homes than […]
May 15, 2017

Bank Card Default Rate Increases, Auto Loan Defaults Down

The S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, shows the composite rate unchanged from last month at 0.94% in […]
May 12, 2017

Millennials’ Financial Habits Differ from Previous Generations

More so than Gen X and baby boomers, millennials prioritize issues like buying a home, purchasing cars, saving for and planning vacations and weddings and college […]
May 9, 2017

Millennials’ Debt Load Could Weigh Down Economy

Millennials — 21 to 34-year-olds — hold an estimated $1.1 trillion of the country’s $3.6 trillion in consumer debt, according to UBS, as rising student and […]
May 8, 2017

Trump Mulling Two-Tiered Regulatory System for Banks

During a meeting of community bankers last week, Trump administration officials made it clear they favored a system with different rules for small and big banks.  […]
May 4, 2017

Renters Finally Turning Toward Homeownership

The homeownership rate has been on the decline ever since the peak of the housing bubble a decade ago.  However, last month, the Census Department said […]
May 2, 2017

Trump to Replace Top Banking Regulator

The Trump administration, looking to make its first major imprint on U.S. banking regulators, is preparing to replace Comptroller of the Currency Thomas Curry as chief […]