Home prices in February sank 3.3% to just above the post-crisis lows reached in April 2009. It was the eighth straight month of declines.
With your house almost certainly worth less now than it was three years ago --and with more declines possible -- you may feel stuck in your current place. Stuck, and bummed out.
With your house almost certainly worth less now than it was three years ago --and with more declines possible -- you may feel stuck in your current place. Stuck, and bummed out.
In the midst of a financial crisis, the likes of which the U.S hasn't seen in more than 50 years, an interesting side effect has taken place: Consumer debt has declined. This trend, startling for a country that has long relied on credit cards, may be an indication of a nationwide shift in spending habits.
Categories: Economy, Interest Rates, Mortgage's, Refinance Tags: Consumer Debt, Credit Cards, Declines, Financial Crisis, Hasn, Household Debt, Midst, mortgage, Spending Habits
In the midst of a financial crisis, the likes of which the U.S hasn't seen in more than 50 years, an interesting side effect has taken place: Consumer debt has declined. This trend, startling for a country that has long relied on credit cards, may be an indication of a nationwide shift in spending habits.
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Categories: Economy, Interest Rates, Mortgage's, Refinance Tags: Consumer Debt, Credit Cards, Declines, Financial Crisis, Hasn, Household Debt, Midst, mortgage, Spending Habits