Tag Archive for ‘credit score’

Homeowners’ Equity Reaches a New High

Over the first quarter of 2018, the value of owners’ equity in real estate expended and hit a new high on a nominal and not seasonally adjusted basis, according to the Financial Accounts of the United States for the first quarter of 2018. This data is published by the Board of Governors of the Federal Reserve System. On a nominal… Read More ›

Younger Households More Likely to Have Auto Loans than Mortgages

Homeownership provides a distinct advantage for wealth accumulation. Although many households desire to purchase a home, the share of households living in owner-occupied housing remains low, following a steep decline associated with the Great Recession. Younger households, those under the age of 35, experienced the biggest declines in homeownership, although recent evidence suggests that the homeownership rate among these households… Read More ›

Household Debt Outstanding Rises as Mortgage Debt Expands

Aggregate household debt outstanding totaled $12.116 trillion in the fourth quarter of 2015, 2.4%, $289 billion, greater than its level of one year ago. According to the report released by the Federal Reserve Bank of New York, housing-related debt, mortgages and home equity lines of credit rose by a combined amount of 0.6%, $56 billion. The increase in housing-related debt outstanding reflected… Read More ›