The number of defaulters on mortgage debts has sharply decreased in the USA - ForumDaily
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In the US, the number of defaulters in mortgage debt has sharply decreased.

For Sale

In the US, there are about 55 thousands of homes whose owners have lost the ability to make payments on their mortgages. Photo: livability.com

The American housing market continues to rise. According to Voice of America, in September the number of cases of forced sale of pledged property for non-payment of debts decreased sharply compared to the same period last year.

According to Corelogic, the number of such cases decreased by 17,6 percent. However, there are about 55 thousands of homes in the country whose owners have lost the ability to make payments on their mortgages. Serious problems in the housing sector have become one of the important causes of the financial crisis.

This week will be published new data on the state of the American economy. On Thursday, Janet Yellen, Chairman of the Federal Reserve System, is due to speak about what measures the Fed is taking to maintain price stability and ensure full employment after the financial crisis.

The results of another study suggest that American business has recently been feeling more confident. More and more small business owners are planning to buy production equipment, hoping that their products will be sold at higher prices, and they say that now is the time to expand.

At the same time, as noted in the report of the National Federation of Independent Business, fewer and fewer business owners are going to hire new workers.

Meanwhile, as reported by experts from government agencies, gasoline and imported prices continued to decline in October. The decline in prices for both imported and exported goods is due to low world commodity prices and the strengthening of the dollar, thereby increasing the purchasing power of American consumers.

However, a strong dollar also means that American goods are becoming more expensive and less competitive in world markets.

Lower prices are one of many economic issues being analyzed by the leadership of the United States central bank, which later this month could raise its policy rate for the first time in years.

Also this week, the University of Michigan will present data on the so-called consumer confidence, which, according to economists, should be more favorable.

On Friday, the new wholesale data for October will also be presented. Based on the results of a study conducted by economists at Bloomberg Financial Services, a slight increase in the value of goods can be assumed.

On the same day, new retail data will be published. Analysts predict a slight increase in October. Economists are closely watching the retail trade, since economic activity is largely dependent on consumer demand.

In the U.S. business trade export American economy import US Real Estate
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