Market Value of Net Household Real Estate Assets, 1983:Q1-2009Q2
The Graph of the Week is from the article "The Impact of the Housing Market Boom and Bust on Consumption Spending by Jeremy A. Leonard, in the April 2010 issue of Business Economics. From the article:
Over the past three years, the United States has seen the largest depreciation of household real estate assets in at least the past 60 years. Figure 4 tells the story succinctly: household real estate wealth growth (net of outstanding mortgages) turned negative on a year-over-year basis starting in the third-quarter of 2006 and that decline exceeded 20 percent through all of 2008.
See the abstracts from the April issue here. NABE members will be able to access the articles online at the Palgrave site.
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