Residential Real Estate Faltering in the Heartland
This hurricane season will undoubtedly have lasting effects on the people, businesses and banks operating in the Southeastern United States. Our hearts and prayers are with them. For the most part, residential real estate had been holding up quite well…
Can’t Bank on Mother Nature
If anything has been made clear over the past couple of weeks, it is that no place is protected from the wrath of Mother Nature. Beyond a devastating human toll, weather-related events also take a huge financial toll. This is…
Total Household Debt Increased $109 Billion
Since the end of 2019 (before the pandemic recession), household debt has increased by $3.7 trillion (28.4%). Even more disturbing is how much of this debt is beginning to falter. Credit card delinquencies are flirting with the 11% mark for…