Posted To: MND NewsWire
The Urban Institute releases a regular report, Housing Finance at a Glance , a "chartbook" loaded with charts and commentary on mortgage activity. The current edition is primarily for the period ending with the third quarter of 2016. Much of the material, credit access, residential construction data, home prices indices, etc., has been covered by MND from original sources, but we have cherry-picked a few items that may have otherwise escaped notice. Overview of Housing and Mortgage Market Value The total value of the housing market, as reported by the Federal Reserve's Flow of Funds report has been steadily increasing since 2012, driven by growing household equity. In the third quarter of 2016 total debt and mortgages rose to 10.2 trillion and household equity grew to 13.7 trillion, a total...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2kNd4Z8
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