Household Real Estate Assests and Mortgage Debt

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Written By H. Pike Oliver

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

H. Pike Oliver focuses on master-planned communities. He is co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022.

Early in his career, Pike 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. For the next three decades, he was involved in master-planned development on the Irvine Ranch in Southern California, as well as other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association and the Urban Land Institute and a founder and emeritus member of the California Planning Roundtable.

https://urbanexus.com
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