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America’s Debt Crisis: The Numbers Are Screaming. Are We Listening?

America’s Debt Crisis: The Numbers Are Screaming. Are We Listening?

by John G. Stevens | May 13, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

The average American household now carries roughly $288,676 in national debt, owes $767 a month on a car payment, and is sitting on credit card balances at over 21% interest. The personal savings rate has dropped to 4%. And as of this morning, the Federal Reserve Bank...
Survey Finds 70% of Renters Forced to Move Due to Increased Housing Costs

Survey Finds 70% of Renters Forced to Move Due to Increased Housing Costs

by Phil Hall | Jan 28, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new survey is detailing how rising rental housing costs is contributing to displacement and debt across the country. The survey, which polled nearly 3,500 National Debt Relief clients, found 31% of respondents admitting they had to move during the past two years,...
Survey: Three-Quarters of Canadians Say They Were Not Likely to Buy a Home This Year

Survey: Three-Quarters of Canadians Say They Were Not Likely to Buy a Home This Year

by Phil Hall | Jan 8, 2025 | Current News & Events, International Real Estate News, Market Snapshot, Real Estate News, WRE News Exclusive

Roughly three-quarters (76%) of Canadians stating they were unlikely to purchase a new home in the coming year – up from 72% in the fourth quarter of 2023. According to Q4 2024 Consumer Pulse survey from TransUnion (NYSE: TRU) that polled 1,000 adults, 59% of...

Mortgage Payments Account for Three-Quarters of Canadian Credit Debt

by Phil Hall | Aug 27, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Roughly three-quarters of Canadian credit debt consists of mortgage payments, according to TransUnion Canada’s Q2 2024 Credit Industry Insights Report. The new report found Canada’s total credit debt grew by 3.2% year-over-year to a record $2.41 trillion. Mortgage...

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