Strong figures in existing home sales promising sign for U.S. economy

The housing market continues to be one of the strongest sectors of the U.S. economy, despite and perhaps even because of the COVID-19 pandemic and economic lockdowns, the Wall Street Journal reports. Home sales have not just recovered from the pandemic. They have, in fact, soared to the highest rate recorded in 14 years. TheContinue reading “Strong figures in existing home sales promising sign for U.S. economy”

Credit scores at record high

The COVID-19 pandemic set off the biggest economic downturn in over a decade. But despite the languishing job market and continuing uncertainty, consumer credit is currently at a record high, according to a recent report by the Wall Street Journal. The average FICO score was up to 711, as of July, the highest recorded averageContinue reading “Credit scores at record high”

America’s wealthiest individuals make surprising recovery

“Uncertainty” continues to be the overarching idea in the current economy, as the end results of COVID, the lockdown, and the presidential election remain to be seen. Things appear much less uncertain, however, for America’s top earners, as the Wall Street Journal reports. Drawing on research from Wealth-X, the Journal finds the America’s top earnersContinue reading “America’s wealthiest individuals make surprising recovery”

As share of mortgages in forbearance drops, many borrowers still face an uncertain future

The Mortgage Bankers Association is reporting that the percentage share of mortgages in forbearance has dropped from 6.93% the prior week to 6.87% as of September 20. This is the lowest level reported since the middle of April. More and more people are exiting forbearance, continuing a slow and steady drop that began in May.Continue reading “As share of mortgages in forbearance drops, many borrowers still face an uncertain future”