Portal for Worldwide Housing Information
Home » Business »

Real Estate

Net Worth of American Households Falls

The net worth of a common household in the US has dropped by 9 percent in the fourth quarter of 2008. According to the Federal Reserve, this has been the biggest fall since 1951, the year when the Feds started keeping records of individual family assets.

A decline of 23.2 percent in the stock market along with a fall of 3.8 percent in the value of real estate were seen as the possible cause of the depleting asset value of home owners in US.

Real estate values have declined by 25 percent after rising in the first three months of 2006. According to economists, a fall of another 20 percent is expected before market stabilization occurs.

Navigate Portals
©Copyright 2006-2010 - Navigate Portals. Contact Us
All Rights Reserved.