Americans’ Home Wealth Recovers $7 Trillion as Prices Firm
Bloomberg, Mar. 19, 2016–Matthews, Steve
The 2006-2009 housing slump reduced wealth by $7 trillion. Since then, the value of homeowners’ equity in real estate has more than doubled from a low in the first quarter of 2009, a Federal Reserve report today showed. What’s more, housing wealth is poised to reach a new record as early as the second quarter.
