Mortgage debt moving in right direction
U.S. mortgage holders almost back in the black | http://t.co/oBeuUkHPst pic.twitter.com/fvn0a7RWQK
— Bloomberg News (@BloombergNews) December 13, 2013
Henry Blodget highlighted this interesting chart from Bloomberg, which notes that American homeowners are nearly back in the black when it comes to aggregate mortgage debt. Read the article and you’ll see it’s still a complex picture, but rising home prices and the slow process of de-leveraging mortgage debt are definitely heading in the right direction. For many families, this will have a significant positive effect on their personal balance sheets.