U.S. Consumer Debt Approaches $16 Trillion - Real Estate Investing Today
U.S. Consumer Debt Approaches $16 Trillion - Real Estate Investing Today
A recent chart from the Visual Capitalist illustrates how U.S. consumer debt is rapidly approaching a record-breaking $16 trillion. In addition, they point out that the rate of increase in consumer debt for Q4 2021 was also the highest seen since 2007. Stay safe and have a Happy Friday!!! “Economists believe that today’s housing debt [...]
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A recent chart from the Visual Capitalist illustrates how U.S. consumer debt is rapidly approaching a record-breaking $16 trillion. In addition, they point out that the rate of increase in consumer debt for Q4 2021 was also the highest seen since 2007. Stay safe and have a Happy Friday!!! “Economists believe that today’s housing debt [...]
The post U.S. Consumer Debt Approaches $16 Trillion appeared first on Real Estate Investing Today.
A recent chart from the Visual Capitalist illustrates how U.S. consumer debt is rapidly approaching a record-breaking $16 trillion. In addition, they point out that the rate of increase in consumer debt for Q4 2021 was also the highest seen since 2007. Stay safe and have a Happy Friday!!! “Economists believe that today’s housing debt [...]
The post U.S. Consumer Debt Approaches $16 Trillion appeared first on Real Estate Investing Today.
A recent report from the U.S. Bureau of Economic Analysis says that, in April, personal income increased $89.3 billion, or 0.4% at a monthly rate, while consumer spending increased $152.3 billion, or 0.9%. Interestingly, the personal saving rate dropped slightly to 4.4% in April compared with 5% in March. Also, note the 26.9% drop in fuel spending thanks to higher gas prices. Click here to read the full report at the BEA.
A recent report from the U.S. Bureau of Economic Analysis says that, in April, personal income increased $89.3 billion, or 0.4% at a monthly rate, while consumer spending increased $152.3 billion, or 0.9%. Interestingly, the personal saving rate dropped slightly to 4.4% in April compared with 5% in March. Also, note the 26.9% drop in fuel spending thanks to higher gas prices. Click here to read the full report at the BEA.
The U.S. government is reporting that total construction spending in June, 2022 was at a seasonally adjusted annual rate of $1,762.3 billion, which is 1.1% higher than May’s revised estimate and 8.3% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $923.7 billion in June, which is 1.6% lower than May’s revised estimate. Click here to read the full report at the U.S. Census Bureau.
The U.S. government is reporting that total construction spending in June, 2022 was at a seasonally adjusted annual rate of $1,762.3 billion, which is 1.1% higher than May’s revised estimate and 8.3% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $923.7 billion in June, which is 1.6% lower than May’s revised estimate. Click here to read the full report at the U.S. Census Bureau.
A recent report from the NAHB’s Eye on Housing says the market value of owner-occupied real estate increased $1.5 trillion to $41.2 trillion in Q2, 2022, on a non-seasonally adjusted basis. In addition they report that, while the current rate of growth has declined, last year saw the largest year-over-year percentage gain since 2001. Click here to read the full report at the NAHB’s Eye on Housing.
A recent report from the NAHB’s Eye on Housing says the market value of owner-occupied real estate increased $1.5 trillion to $41.2 trillion in Q2, 2022, on a non-seasonally adjusted basis. In addition they report that, while the current rate of growth has declined, last year saw the largest year-over-year percentage gain since 2001. Click here to read the full report at the NAHB’s Eye on Housing.
Equity is defined as the value of an asset less the value of liabilities attached to that asset in investing in a real estate ; in other terms, equity is the cash you have invested in the asset or business. If you sold your home and paid off your mortgage, the money left over would represent equity. Debt is defined as borrowing money from a third party with the intention of repaying the borrowed money plus interest at a later period.
Equity is defined as the value of an asset less the value of liabilities attached to that asset in investing in a real estate ; in other terms, equity is the cash you have invested in the asset or business. If you sold your home and paid off your mortgage, the money left over would represent equity. Debt is defined as borrowing money from a third party with the intention of repaying the borrowed money plus interest at a later period.
Nowadays, most people look for passive income sources that may add to their regular income, increasing it little by little. Real estate investing is a diverse investment strategy that entails buying or selling real estate for profit. Some prefer to invest in physical real estate, buying properties and then selling them or renting them out after doing a comparative market analysis. Real estate crowdfunding is another excellent way to invest in real estate. In recent years, real estate crowdfundin...
Nowadays, most people look for passive income sources that may add to their regular income, increasing it little by little. Real estate investing is a diverse investment strategy that entails buying or selling real estate for profit. Some prefer to invest in physical real estate, buying properties and then selling them or renting them out after doing a comparative market analysis. Real estate crowdfunding is another excellent way to invest in real estate. In recent years, real estate crowdfundin...
The U.S. government is reporting that total construction spending in April, 2022 was at a seasonally adjusted annual rate of $1,744.8 billion, which is 0.2% lower than March’s revised estimate and 12.3% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $891.5 billion in April, which is 0.9% higher March’s revised estimate. Click here to read the full report at the U.S. Census Bureau.
The U.S. government is reporting that total construction spending in April, 2022 was at a seasonally adjusted annual rate of $1,744.8 billion, which is 0.2% lower than March’s revised estimate and 12.3% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $891.5 billion in April, which is 0.9% higher March’s revised estimate. Click here to read the full report at the U.S. Census Bureau.
The U.S. government is reporting that total construction spending in May, 2022 was at a seasonally adjusted annual rate of $1,779.8 billion, which is 0.1% lower than April’s revised estimate and 9.7% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $938.2 billion in May, which is 0.2% higher April’s revised estimate. Click here to read the full report at the U.S. Census Bureau.
The U.S. government is reporting that total construction spending in May, 2022 was at a seasonally adjusted annual rate of $1,779.8 billion, which is 0.1% lower than April’s revised estimate and 9.7% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $938.2 billion in May, which is 0.2% higher April’s revised estimate. Click here to read the full report at the U.S. Census Bureau.
On a recent episode of Real Estate News for Investors, Kathy Fettke discusses what the job market says about rate hikes, where renters need to “catch up” on their rent, and why dating has become somewhat of a financial burden for millennials. “…15% of renter households are behind on their rent right now. In some states, that number is closer to 25%…South Dakota, Alabama, and New Jersey have the highest number of tenants who are not caught up on their rent…”
Click here to listen o...
On a recent episode of Real Estate News for Investors, Kathy Fettke discusses what the job market says about rate hikes, where renters need to “catch up” on their rent, and why dating has become somewhat of a financial burden for millennials. “…15% of renter households are behind on their rent right now. In some states, that number is closer to 25%…South Dakota, Alabama, and New Jersey have the highest number of tenants who are not caught up on their rent…”
Click here to listen o...
The U.S. government is reporting that the national vacancy rates for Q2, 2022 were 5.6% for rental housing and 0.8% for homeowner housing. In addition, approximately 89.3% of the housing units in the United States in Q2 were occupied and 10.7% were vacant. Owner-occupied housing units made up 58.8% of total housing units, while renter-occupied units made up 30.6% of the inventory. Vacant year-round units comprised 8.1% of total housing units, while 2.5% were vacant for seasonal use. Click...
The U.S. government is reporting that the national vacancy rates for Q2, 2022 were 5.6% for rental housing and 0.8% for homeowner housing. In addition, approximately 89.3% of the housing units in the United States in Q2 were occupied and 10.7% were vacant. Owner-occupied housing units made up 58.8% of total housing units, while renter-occupied units made up 30.6% of the inventory. Vacant year-round units comprised 8.1% of total housing units, while 2.5% were vacant for seasonal use. Click...