Mortgage Debt Climbs to $15.8 Trillion

The Federal Reserve reported that outstanding U.S. mortgage debt increased 1.2% to $15.8 trillion in the third quarter of 2019 from Q2 2019. This increase represents the largest quarter-to-quarter gain in almost two years, much of which is due to the robust demand for...

PHSI Falls in December

The Pending Home Sale Index was released by the National Association of Realtors [NAR], marking a 4.9% decline in December to 103.2. The PHSI is a forward-looking indicator targeting market health. The NAR announcement indicated that year-over-year contract signings...