LOWEST SHARE OF HOUSEHOLD DEBT SINCE 1988

LOWEST SHARE OF HOUSEHOLD DEBT SINCE 1988 According to CoreLogic, household mortgage debt in the United States fell to 64.6 percent of total household debt in the third quarter of 2018, according to the latest Federal Reserve Financial Accounts data release. Mortgage debt now makes up the lowest share of household debt since the first quarter of 1988. In addition, from the fourth quarter of 2017 to the first quarter of 2018, the total number of mortgaged homes in negative equity decreased 3 percent to just under 2.5 million homes or 4.7 percent of all mortgaged properties. Negative equity peaked at 26 percent of mortgaged residential properties in the fourth quarter of 2009, based on the CoreLogic equity data analysis which began in the third quarter of 2009. Visit https://tinyurl.com/y8t2xq9h to learn more or, to access the Home Equity Report, see https://tinyurl.com/y9w5j6mu.

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Rob Ehrhardt
Economic Development Director
rehrhardt@volusia.org

Sally Sprague
Executive Assistant
ssprague@volusia.org

Brad Harris
Business Manager
rbharris@volusia.org

Pedro Leon
Business Manager
pleon@volusia.org

Virgil Kimball
Business Specialist
vkimball@volusia.org

Robbin Sebra
Staff Assistant
rsebra@volusia.org

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