We wanted to take a moment to flag the unstoppable force that is student loan growth in this country.
The chart below (taken from the G.19 data) shows the amount of federally-backed student loans sitting on the books of the United States. Currently the figure stands at $775 billion, up $112 billion (+16.9%) in the last 12 months.
For those wondering why there seems to be no recovery in the first time homebuyer market we offer the chart below as "Exhibit A".