Picture a home of your own, perhaps with a quintessential white picket fence or a porch in the back with a view. Sound like the setting of a fairy tale? Homeownership might appear increasingly elusive to a large subset of the population, but a whopping $8.74 trillion of U.S. debt (72 percent) is mortgage-related, according to MarketWatch.
Decreasing mortgage rates contributed to the highest volume in mortgage originations in 14 years at a total of $752B, according to the Federal Reserve Bank of New York
Buyers in coastal states with high home prices and low inventory experienced the greatest increase in mortgage debt in 2017
Portland, Seattle and Denver continue to lead in annual price growth
Cities rated by financial awareness website Finder.com