September 4, 2019

Real estate loans rose at a 2.0% pace in July after  having risen 1.7% in June (the light blue bars).   Over the course of the past year mortgage lending has risen 3.2% (the dark blue line).

While mortgage lending has been sluggish total loan growth has been slightly faster at 4.9% which is both a steady and sustainable pace.

Stephen Slifer

NumberNomics

Charleston, SC