How Much Real Estate Wealth Was Destroyed During this Downturn?
Posted in Macroeconomics on Jan 19th, 2010
A lot! The following plots (real) household real estate value between 2000 and 2009. Since the peak, the U.S. has “lost” about $8 trillion in real estate wealth – or about 33% of the value it held at its peak in 2006. However, if you break out the value of real estate into the value […]