Friday, September 12, 2008

The Almost Daily 2¢ - A Picture Says Over 300 Billion Words

Here’s an interesting tidbit from today’s release of the Federal Reserve’s “Flow of Funds Accounts of the United States”.

The chart above shows gross unrealized capital gains and losses of the entire residential real estate market plotted since 1952.

As you can see, the Federal Reserve is estimating that in Q1 2008, households (and nonprofit organizations) lost over $300 billion in net worth associated to real estate.