Household Real Estate Assests and Mortgage Debt

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.

H. Pike Oliver

Born and raised in the San Francisco Bay Area, H. Pike Oliver has worked on real estate development strategies and master-planned communities since the early 1970s, including nearly eight years at the Irvine Company. He resided in the City of Irvine for five years in the 1980s and nine years in the 1990s.

As the founder and sole proprietor of URBANEXUS, Oliver works on advancing equitable and sustainable real estate development and natural lands management. He is also an affiliate instructor at the Runstad Department of Real Estate at the University of Washington.

Early in his career, Oliver worked for public agencies, including the California Governor’s Office of Planning and Research where he was a principal contributor to An Urban Strategy for California. Prior to relocating to Seattle in 2013, Oliver taught real estate development at Cornell University and directed the undergraduate program in urban and regional studies. He is a member of the Urban Land Institute, the American Planning Association and a founder and emeritus member of the California Planning Roundtable.

Oliver is a graduate of the urban studies and planning program at San Francisco State University and earned a master’s degree in urban planning at UCLA.

https://urbanexus.com
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Cornell Real Estate Council - San Francisco Meeting - June 21, 2010