Economics
U.S. Household Net Worth Hits Record on Home Values
- Second-quarter real estate values jump a record $1.2 trillion
- Market value of equity holdings continued to increase
Photographer: David Paul Morris/Bloomberg
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U.S. household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and the largest-ever increase in the value of their real estate holdings.
Household net worth increased by $5.8 trillion, or 4.3%, to $141.7 trillion in the second quarter, a Federal Reserve report out Thursday showed. The advance included a $3.5 trillion gain in the value of equities and a $1.2 trillion improvement in real estate held by households.