Lessons at the Zero Bound:
The Japanese and U.S. Experience
MAY 21, 2013
Remarks by William C. Dudley at the
Japan Society, New York City
Home Price Conditions
AS OF March 2013, released May 21, 2013
One vital sign of housing market conditions is the change in home prices. The New York Fed currently releases a set of interactive maps and charts each month to provide a look at current conditions. Based on data from CoreLogic, the maps show the percentage change in price from a year earlier for nearly 1,200 counties and includes a video sequence of these changes since 2003.
Household Debt Declines
HOUSEHOLD DEBT AND CREDIT REPORT, Q1 2013
Aggregate consumer debt declined in the first quarter, by $110 billion,
resuming the longer-term downward trend. As of March 31, 2013, total consumer
indebtedness was $11.23 trillion, 1.0 percent lower than its level in the fourth quarter
of 2012. Overall consumer debt remains considerably below its peak of $12.68 trillion
in the third quarter of 2008.
