You can write it down now, the real estate market in Hampton Roads/Northeaster North Carolina and most of the rest of the country is in a downturn. Things went south in June 2022 and haven't improved significantly since. The federal government's … [Read more...]
Mortgage Credit Lags Consumer Credit Recovery
Consumer credit has been recovering, but mortgage lending continues to lag. Data from the Federal Reserve Board shows that consumer credit debt is now higher than it was before the recession, while mortgage debt continues to decline. Based on … [Read more...]
