NOT FOR REPRINT
Page Printed from: cutimes.com/author/profile/jeff-kearns
Sign In To follow
A new study found that one in four borrowers under 25 spends 16.8% or more of take-home pay on student loans.
Three of four regions post declines, led by a 17.6% drop in the Midwest.
The downward revision indicates the economy had weaker momentum heading into 2019.
Home equity loans continue a decade-long decline.
The median sales price rises 2.8% from a year ago, the smallest increase since February 2012.
The results underscore the challenges as elevated prices and higher mortgage rates keep many on the sidelines of the housing market.
The slowest pace of price gains in two years are the latest signs housing is in a broad slowdown.
Besides the drop in used car prices, costs for new vehicles fall 0.1%, the first decline since April.
Home prices rise in the second quarter, although it's the slowest rise in four years.
Prospective home buyers are increasingly discouraged by rising borrowing costs and property price increases.