A recent report from the NAHB’s Eye on Housing says the market value of owner-occupied real estate has fallen for the 3rd consecutive quarter. According to their data, the level of households’ real estate assets decreased by $0.61 trillion from $41.79 trillion in Q4 of 2022 to $41.18 trillion in the Q1 of 2023. Interestingly, real estate secured liabilities of households’ balance sheets (mortgages, home equity loans, and HELOCs) increased over Q1 from $12.47 trillion to $12.52 trillion, a 0.36% quarterly increase.
Click here to read the full report at the NAHB’s Eye on Housing.
