Household Real Estate Assests and Mortgage Debt / by urbanexus

Tom Iacono has posted at Seeking Alpha an interesting chart illustrating the relationship between household real estate assets and mortgage debt from 2006 through the first quarter of 2010. The value of real estate assets held by households now stand at about $16.5 trillion and total mortgage debt is a little more than $10.2 trillion. The total value of household real estate assets peaked in the third quarter of 2007, when they were just shy of $22 trillion. At that time, total mortgage debt was about $9.8 trillion and it peaked at just shy of $10.6 trillion at the beginning of 2008.