DFA Reaches New York

We get a fair smattering of media coverage relating to our research, as listed in our media section. But, I wanted to draw your attention to an article in the New York Times “Australian Housing Costs Rival New York’s, but Boom May Be Ending“.

“We are on the edge of a precipice,” said Martin North, principal analyst for Digital Finance Analytics, an independent research and advisory firm. “All of the forces that have driven the home sector and the debt sector higher in the last 20 years are all coming to a critical inflection point.”

“Almost everywhere you look, you can see icebergs,” Mr. North said.

Still, signs of stress are showing. Mr. North, the analyst from Digital Financial Analytics, estimates that of 3.5 million mortgages where the owner lives in the home, almost a third of the households have incomes close to or less than their expenditures. He predicts that at least 50,000 homeowners may default in the next 12 months.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics View all posts by Martin North