Items Tagged with 'FEDERAL RESERVE OF NEW YORK'

ARTICLES

  • Here's what you need to know about first-time homebuyers

    New York Fed pinpoints characteristics of this demographic
    Earlier this week, we established that first-time homebuyers are not, in fact, being shut out of the housing market as some had feared, thanks to a recent study by the Federal Reserve Bank of New York. Now, a second part of that study aims to pinpoint characteristics of these first-time buyers and note how they have changed over time. Here's what they found.
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  • First-time homebuyers are not being shut out of the housing market

    New York Fed sets the record straight
    Several housing market analysts have expressed concern that a lack of affordability has shut first-time homebuyers out of the market. But the trouble is, there hasn’t been a great measure of how many first-time buyers are actually purchasing homes. Until now. A recent paper by the Federal Reserve Bank of New York set out to create a more accurate picture, and the results may surprise you.
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  • Americans are way more in debt now than they were after the financial crisis

    Auto loans push household debt 21% above post-crisis levels
    American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018. According to the latest report from the Federal Reserve Bank of New York, household debt is now $869 billion higher than 2008’s $12.68 trillion peak – and 21.4% above the debt levels seen in the wake of the financial crisis.
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