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Real Estate & Property Law

: Housing Wire

Household Net Worth Dives 18%

By KELLY CURRAN

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When it comes to household net worth, declining home prices and a falling stock market are a recipe for disaster. U.S. households saw their net worth fall a whopping $11.2 trillion, or 18 percent, to $51.5 trillion at the end of 2008, essentially wiping out five years of gains, the Federal Reserve reported Thursday. In the [...]

Full post as published by Housing Wire on March 12, 2009 (boomark / email).

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