Mortgage Statistics 2018 - Good Stuff Here!

Mortgage numbers look good going into 2019.  American's have 15 TRILLION of equity!  15 TRILLION.  Not to consider all that equity when planning for retirement simply doesn't make sense to me.  Now, Americans ALSO have $10 Trillion of mortgage debt too. Would love for that debt number to be reduced. but a couple prominent things jumped out a me on this article.  First, delinquencies are LOW!  At 3%.   This is very good.  High delinquencies mean huge potential for housing values to fall.  People can't pay their bills, they are either put out, or walk away.  What does that do the value of that un-occupied home?  Well, drops in price. What does that then do the homes in the general vicinity? Same things. So, folks who are banking on equity now see it declining.  Bad news for everyone in that scenario. Which is exactly what happened tin 2007-2010. Second is that debt payment to disposable income is lower than it's been in 20 years.  This is a VERY good thing as it shows that people have the CAPACITY to continue to pay their mortgage, meaning they'll be less likely to be delinquent.  https://www.magnifymoney.com/blog/mortgage/u-s-mortgage-market-statistics-2018/