Recession

January 17, 2018

Credit Card Debt Is Back to Pre-Recession Level

Last month, the Consumer Financial Protection Bureau reported that outstanding consumer credit card debt last year had surpassed the peak set during the recession.  Credit card […]
January 16, 2018

Consumer Confidence Near 17-Year High

Americans ended 2017 feeling very good about the economy.  Consumer confidence hit 122.1 in December, slightly below the 17-year high set in November, 128.6, according to […]
January 3, 2018

Hurricanes Weigh on Consumer Confidence

Americans became less confident in the economy after Hurricane Harvey and Hurricane Irma swept across Florida and South Texas, according to the Survey of Consumers conducted […]
January 3, 2018

Foreclosure Activity Plunges to 11-Year Low

Foreclosure activity hit an 11-year low in this year’s third quarter, as an improving economy and stricter mortgage standards helped stabilize the housing market to pre-2008 levels.  ATTOM Data Solutions […]
January 3, 2018

Delinquency Rate Continues at 10-year Low

CoreLogic released its latest Loan Performance Insights report on national foreclosure and delinquency activity earlier this month.  According to the report, the share of mortgages that […]
December 23, 2017

Retailers Have Strongest Holiday Sales in 7 Years

With just two shopping days until Christmas, upbeat US consumers are spending their way to the best retail holiday shopping season in 7 years.  But shoppers will […]
December 21, 2017

Consumer Optimism Down Before the Holidays

Consumers grew slightly less optimistic headed into the holidays, however optimism still remains at historical highs, according to the Survey of Consumers conducted by the University […]
December 20, 2017

Almost 50% of Renters Pay Too Much

Nearly half of all renter households – almost 21 million – were considered cost-burdened in 2016, according to a new report from Harvard’s Joint Center for Housing Studies. […]