The NY Fed report released March 7 showed credit card balances fell 0.3% after increases in December and November, 4.9% and 24.8% respectively. Total consumer debt, which rose only $6.8 billion, had been forecast for...
Read MoreAmericans with student loans are in for a fast-approaching wake-up call, according to a recent blog post by the Federal Reserve Bank of St. Louis. Student loan interest and payments are scheduled to resume after May...
Read MoreWith the inflation rate at its highest in four decades, real estate investors are concerned about the strength of the market’s ability to combat against higher prices. Commercial properties have long been viewed as inflation...
Read MoreRetail properties are re-gaining momentum among mortgage bankers and lenders even as lender sentiment shifted significantly during the pandemic. After witnessing the performance of various retail property types throughout the pandemic, lenders are feeling more comfortable...
Read MoreThe monthly Department of Commerce report exceeded expectations, rising 3.8% in January, well beyond the 2.1% increase predicted. This was largely supported by on-line sales, home furnishings and vehicle sales. Bars and restaurants, however, saw...
Read MoreThe Wall Street Journal reports that momentum is growing in multifamily apartment real estate in the South and Southwest among investors. Investors poured a record $335.3 billion into apartments across the country in 2021. Nearly...
Read MoreThe February 10 Consumer Price Index, which measures the changes in the prices paid by consumers for a basket of consumer goods and services, showed a year-over-year change of 7.5% in January, the highest level...
Read MoreAccording to the Wall Street Journal, consumer use of Buy Now, Pay Later (BNPL) plans has grown eightfold since September 2020 for at least one BNPL company that works with American Airlines, Delta Vacations and...
Read MoreAccording to the National Federation of Independent Business (NFIB), their monthly Small Business Optimism Index fell by 1.8 points to 97.1 in January, its lowest in 11-months. Inflation remained a leading concern, as were increased input costs...
Read MoreU.S. credit card balances increased at a higher rate in late 2021 than at any point during the last 22 years. Overall, outstanding card loans rose by $52 billion in the fourth quarter, according to...
Read MoreFord Motor Co. is planning to augment its current $30 billion investment in EVs by as much as $20 billion to convert their global production from internal combustion engines to electric vehicles, according to Bloomberg...
Read MoreUniversity of Michigan’s Consumer Sentiment Index (CSI), released January 28, fell 4.8%, hitting a level not seen since November 2011. Households under $100k income held a more pessimistic view, dropping by 9.4%. Consumers overwhelmingly (75%)...
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