There’s some stark research out today from the real estate research firm Trulia that shows an uneven recovery in the housing market. According to Trulia, only 34 percent of homes nationally have returned to their pre-recession value. Now that is, of course, a comparison back to the crazy times of the housing bubble. So how […]
The job market is firm, consumer confidence is high and mortgage rates are low. Perfect conditions for a strong housing market. Yet, inventory of new homes and sales of existing homes remain depressed. And that’s putting a big crimp on growth. Click the audio player above to hear the full story.
Current household debt in the U.S. is at just about $12.6 trillion, according to the Federal Reserve Bank of New York. That’s how much we’re all taking out in loans. It’s 1 percent shy of the 2008 record. Mortgages still make up the largest amount of that debt. But it’s a trillion dollars less than […]
