Eye On Housing
The Financial Accounts of the United States shows continued improvement in the aggregate home equity position of U.S. households. Household holdings of real estate, measured on a not seasonally adjusted basis, totaled $21.540 trillion in the second quarter of 2015, $1.366 trillion higher than its level, $20.174 trillion, in the second quarter of 2014. At the same time, home mortgage debt outstanding,… Read More ›
According to the Federal Reserve Bank of New York’s latest Household Debt and Credit Report, total household debt outstanding rose by $24 billion, 0.2%, between the fourth quarter of 2014 and the first quarter of 2015. The small rise in household debt outstanding over the first quarter of 2015 reflected increases in student loan debt, $32 billion, auto loan debt, $13… Read More ›
The Federal Reserve Board recently released its survey of senior bank loan officers. The April 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to households and businesses and over the first quarter of 2015. A previous post discussed a special question on bank approval of residential… Read More ›