Smart Borrower Blog

Archive for March, 2012

Car Sales Likely to Make Major Jump in March

All the numbers are pointing toward a very strong month of car sales for the U.S. in March, according to auto data company TrueCar.com, perhaps even the biggest increase since August 2007, almost five years. TrueCar.com is predicting that sales of new cars will grow 14 percent in March from the previous year to a […]

Existing Home Sales Lag As Underwater Homeowners, Foreclosures Drag on Market

After a few months of small gains, sales of existing home sales dipped in February, according to the National Association of Realtors, as the number of underwater homeowners reached a three-year peak and foreclosures continue to make up a significant market share. The NAR reported, as quoted in a Washington Post, that existing-home sales fell […]

Consumers Pick Up the Pace on Credit Card Charging

American consumers are turning back to credit cards in full force, according to new data from credit card comparison website CardHub, indicating that there never truly was a downward trend in credit card spending. The website says that during 2011, consumers charged $48 billion in new credit card debt. That is 424 percent more than […]

Student Loan Debt Continues to Outpace Credit, Auto Debt

Americans have more invested in student loans than they do in car loans or on their credit cards, according to new information from the economists at the Federal Reserve Bank of New York. While this has been a trend for many months, student loan debt in the third quarter of 2011 now totals $870 billion […]