LouieK

How Much Have our Real Estate Assets Gone Down?

OK, I looked this up. I didn't see this graph but I did see a table. Real estate values were going up at a lesser pace in the first 3 quarters of 2007 and fell about 121 billion in the 4th Q and then fell again in the first Q of 2008 another 300 billion or so. That is in a value of over 22 trillion for real estate. It is unusual to see such a fall in the context of the table which goes back to end of 2001, but clearly values of real estate have gone upwards so much since 2000, that the fall in value is overwhelmingly not as great as the rise in the values since 2000 where the real estate values stood at 13.6 trillion. See Federal Reserve B.100 Balance Sheet of Households and Nonprofit Organizations (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted.