Debt

July 10, 2018

Business-Loan Drought Ends for Banks

Preliminary second-quarter data from the Federal Reserve indicate the year-over-year growth rate of business loans rose to 5.5% in late June from less than 1% near […]
July 6, 2018

Housing Costs to Blame for Low Millennial Homeownership

The homeownership rate for adults age 25 to 34 was 37.5% in 2016, about three percentage points lower than the historical average for this demographic and […]
July 5, 2018

Commercial Real Estate, Multifamily Mortgage Debt Spikes

Commercial and multifamily mortgage debt outstanding grew $44.3 billion during the first three months of 2018, the largest first-quarter gain since before the Great Recession, according […]
July 4, 2018

Fourth of July: By the Numbers

Americans are expected to spend $6.9 billion on food for Fourth of July cookouts and picnics tomorrow, according to the annual survey released by the National […]
July 3, 2018

Commercial Real Estate Lending on the Decline

The rate of growth for commercial real estate (CRE) lending has dropped to its lowest level in at least three years as banks have tapped the […]
June 29, 2018

Consumers Confident in Mortgage Approvals, Home Sales

The share of consumers confident that it wouldn’t be difficult to obtain a mortgage in the current market shot up 10% from a quarter ago, according […]
June 28, 2018

Paychecks Are Slowly Increasing

Although unemployment is near a historic low, wage growth continues to threaten U.S. economic recovery, according to a recent CNN report.  The Bureau of Labor Statistics’ […]
June 27, 2018

Small Banks Look to Branch Out

Banks across the U.S. have closed nearly 9,000 branches this decade. Yet many smaller banks are in building mode, a sign that broader economic growth is […]
June 26, 2018

Consumer Debt Soars but Mortgages Aren’t to Blame

Consumer debt is approaching new highs with current household debt set to be $1 trillion above the peak debt level of 2008, by the end of […]