Will Paying Down Debt Help U.S. Housing Market Rise?
Posted on June 28, 2012 at 17:29 PM EDT
The typical U.S. family has worked hard to improve its overall financial situation despite a massive loss of wealth during the recession, according to recent reports from the Federal Reserve and other organizations. Most households have reduced their consumer debt loads and built up their savings accounts. They also have more disposable income to spend on large purchases than they did a few years ago. These trends should have a positive impact on