Consumer credit trends suggest the end of housing downturn. CreditForcast.com a product of Equifax and Moody's Analytics points to new performance data as the delinquency rates for auto, bankcard, and consumer finance are back to pre-recession levels.
Home mortgage lenders continue to see high percentages of delinquencies but even they have dropped since 2008. Amy Crews Cutts, the chief economist for Equifax recently said, "After spending recent years in the financial doldrums, U.S. consumers are poised to make a comback in 2012." She also says that even the housing market is exhibiting incremental progress that points to increased traction in the coming months.
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