Economy

September 25, 2019

Auto Loan Balances Reach Another Record High

Auto loan amounts increasd in the second quarter with the average new vehicle loan hit $32,119 (up $1,161 YOY).  Average used vehicle loan amounts reached $20,156 […]
September 24, 2019

Most Americans Anxious AboutTheir Debt

Adults in the U.S. over the age of 18 say they have an average of $29,800 in personal debt (not including mortgages), and 15% of Americans […]
September 19, 2019

Best and Worst States for Credit Conditions

CardRatings.com released new research ranking the best and worst states for credit conditions. Highlighted by stark differences in credit circumstances across the U.S., the analysis helps […]
September 18, 2019

“Tappable” Equity Climbs to New High of $6.3 Trillion

Tappable equity reached an all-time high of $6.3 trillion in the second quarter as home-price gains made real estate more valuable.  The amount of equity homeowners […]
September 17, 2019

FICO Scores Reach Record High

The average FICO score stands at 706, a record high, said Ethan Dornhelm, vice president of scores and predictive analytics at FICO. That compares with 686 […]
September 9, 2019

Most Americans Have Tapped Their Retirement Savings

Approximately 52% of respondents admit to tapping their retirement savings account early for a purpose other than retiring, according to a survey by MagnifyMoney.  The Investment […]
September 5, 2019

Back to School Spending 2019: By the Numbers

’Tis the (other) season.  As students start back to school and college, families are spending more than ever on school supplies.  “Consumers are in a strong […]
August 20, 2019

U.S. Homeownership Tenure Reaches Record High

American homeowners are staying put longer than ever before, with the average tenure reaching a record high of 8.09 years in the second quarter of 2019. […]
August 19, 2019

Foreclosure Activity Down 18% from 2018

Foreclosure reports are down 18% from a year ago, according to a new report from ATTOM Data Solutions.  This represents an 82% decline in foreclosures from […]