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DS New story "Household Debt Reaches Recession-Level Highs"

By
Managing Real Estate Broker with ERA American Real Estate

Glass half full people could say that  people feel confident in the market and they feel willing to leverage their positions in their home to buy additional homes and invest.

 

DS sited the Federal Reserve out of New York which a link is below to the Fed article which will link you to the data

 

https://www.newyorkfed.org/newsevents/news/research/2017/rp170517

 

People half empty will look at the numbers:

$12.73 trillion as of March 31, 2017, a $149 billion or 1.2 % increase from the fourth quarter of 2016. Overall household debt $50 billion above its previous peak set in the third quarter of 2008 and 14.1 % above the second quarter of 2013.

Posted by

Brandon Jordan, Realtor,E-PRO,ERA American Real Estate
 

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Brandon Jordan 
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ERA American Real Estate
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