Have you ever wondered how much all of the residential real estate in the U.S. is worth?
It’s $44.5 trillion.
That’s 44 with 12 zeroes after it.
This data comes from the Federal Reserve’s Quarterly “Z.1” report.
The total valuation increased by $2.4 Trillion over the last quarter and is essentially flat compared to one year ago.
In total, liabilities on residential properties (mortgages, equity loans, etc.) is $12.9 trillion.
So, collectively, residential property owners in the U.S. have a 71% equity share and owe 29% of the value.