The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: nextrade! who wrote (5597)	9/26/2002 6:48:03 AM
From: nextrade!	Read Replies (1) of 306849

Keeping Track: Americans' net worth Rising real estate values can't halt overall slide csmonitor.com Wealth can't be maintained by homes alone. Despite a sustained surge in real estate values, the net worth of Americans declined in the second quarter, pulled down by falling stock prices. A Federal Reserve report released last week indicated that between April and June, real estate values rose 2.1 percent to $14.4 trillion. Household net worth, however, fell 3.4 percent – from $41.5 trillion to $40.1 trillion. The quarter's 14.8 percent drop in stocks, the largest loss since the third quarter of last year, was the primary reason for this decline.

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