Federal Reserve Statistical Release
Released Thursday, December 06, 2007
U.S. households lost a record $128 billion in real estate equity in the third quarter.
By contrast, homeowners' equity had risen by $1.2 trillion in 2005 -- the height of the housing boom -- and by $237 billion last year.
Homeowners' equity as a percentage of real estate values fell to a record low 50.4% from 51.1% in the second quarter.(To add perpspective to the above statistic during the housing boom that began earlier in the decade homeowners' equity was about 56% of the value of their real estate.)
The market value of holdings on real estate, including new structures, increased just $14.3 billion in the third quarter.(Smallest increase in 13 years)
Household assets increased $858 billion to stand at $72.8 trillion
Household liabilities rose $233 billion to $14.2 trillion
The market value of households' real estate holdings increased by $14.3 billion
Holdings of corporate equities rose $91.3 billion.
Holdings in mutual funds grew by $82.4 billion
Disposable personal income increased at a 6.1% annual rate to $10.25 trillion
Household debts, meanwhile, grew 6.9%, the smallest increase since 1999
U.S. nonfinancial businesses increased their debt at an annual rate of 11.9%, which equates to the fastest pace in eight years
Financial-sector debts grew 15.6%, also the most since 1999
To read the entire report:
http://www.federalreserve.gov/releases/z1/Current/z1.pdf
To access previously released reports:
http://www.federalreserve.gov/datadownload/Choose.aspx?rel=Z.1
Many different Releases and Historical Data from the Federal Reserve Links are below for you to utilize....Everything they use is public information. I hope it helps you become more informed...please let me know if it puts a touch of perspective. Thanks!
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| Principal Economic Indicators Bank Asset Quality Bank Assets and Liabilities - Country Exposure Lending Survey - E.16 (on the web site of the FFIEC) - Home Mortgage Disclosure Act Data (on the web site of the FFIEC) | Bank Structure Data Business Finance Exchange Rates and International Data - Country Exposure Lending Survey - E.16 (on the web site of the FFIEC) Flow of Funds Accounts | Household Finance - Home Mortgage Disclosure Act Data (on the web site of the FFIEC) Industrial Activity Interest Rates Money Stock and Reserve Balances Other |
links to the Data Download Program.
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