Throughout the country, U.S. mortgage debt has dropped to it’s lowest point in five years, according to the Seattle Times. The monetary volume of outstanding home mortgages declined from $9.94 trillion to $9.88 trillion as of June 30th. It’s likely the numbers have continued to drop.

The part of this that is unsettling to us here at the Kansas City movers is that the numbers will likely drop for the next few years before hitting a period of recovery. Over the last five years, households have mostly cut extravagant spending on items such as cars, televisions, and renovations.