Effervescent Equity: The Federal Reserve’s Household Equity Estimate Q3 2009

Today, the Federal Reserve released their Q3 2009 Flow of Funds report showing a continuation of the bounce in household net worth of real estate assets coming in-line with the governments historic housing tax gimmicks.

Nonetheless, household net worth of real estate assets declined 8.97% or $1.629 trillion since Q3 2008 bringing the change since the peak level set in Q4 2006 to a decline of 27.92% or $6.406 trillion.

Worse yet, owners’ equity in household real estate assets declined 18.84% or $1.44 trillion since Q3 2008 bringing the change since the peak level set in Q4 2005 to a decline of53.85% or $7.250 trillion.

Finally, households’ percent of equity in real estate assets fell to nearly the lowest level seen in at least the 52 years that the Federal Reserve has been collecting the data to 37.57%.

The charts below (click for larger) show households new worth of real estate assets, owners’ equity in real estate assets and percent of equity in real estate assets since 1953.

Effervescent Equity: The Federal Reserve’s Household Equity Estimate Q3 2008

Today, the Federal Reserve released their Q3 2008 Flow of Funds report that showed a continuation of the historic decline to household net worth of real estate assets with particularly striking declining trend in owners’ equity.

Household net worth of real estate assets declined 9.84% or $2.085 trillion since Q3 2007 bringing the change since the peak level set in Q3 2006 to a decline of 12.74% or $2.789 trillion.

Worse yet, owners’ equity in household real estate assets declined 20.84% or $2.245 trillion since Q3 2007 bringing the change since the peak level set in Q3 2005 to a decline of 31.74% or $3.965 trillion.

Finally, households’ percent of equity in real estate assets fell to its lowest level in at least the 52 years that the Federal Reserve has been collecting the data to 44.66%.

The charts below (click for larger) show households new worth of real estate assets, owners’ equity in real estate assets and percent of equity in real estate assets since 1953.