Owners' equity in household real estate, 1945-2007
During 2007, owners' equity as a percentage of household real estate value fell below 50% for the first time in 63 years. $ in billions.
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| Year |
Household real estate value |
Home mortgages |
Owners' equity |
Equity as a % of value |
| 1945 |
$116.00 |
$18.60 |
$97.50 |
84.00% |
| 1946 |
133.4 |
23 |
110.5 |
82.8 |
| 1947 |
177.5 |
28.1 |
149.4 |
84.2 |
| 1948 |
199.3 |
33.1 |
166.2 |
83.4 |
| 1949 |
216.5 |
37.4 |
179.1 |
82.7 |
| 1950 |
243.3 |
45 |
198.3 |
81.5 |
| 1951 |
270.9 |
51.7 |
219.1 |
80.9 |
| 1952 |
294.8 |
58.4 |
236.3 |
80.2 |
| 1953 |
315.1 |
66 |
249.1 |
79.1 |
| 1954 |
337.6 |
75.3 |
262.3 |
77.7 |
| 1955 |
367.4 |
87.9 |
279.5 |
76.1 |
| 1956 |
394.3 |
98.7 |
295.6 |
75 |
| 1957 |
417.2 |
107.3 |
309.8 |
74.3 |
| 1958 |
438.4 |
117.1 |
321.3 |
73.3 |
| 1959 |
463.6 |
130 |
333.6 |
72 |
| 1960 |
486.9 |
141.3 |
345.6 |
71 |
| 1961 |
511.1 |
154 |
357.1 |
69.9 |
| 1962 |
533.2 |
168.3 |
364.9 |
68.4 |
| 1963 |
553.2 |
185.1 |
368.2 |
66.6 |
| 1964 |
579.8 |
202.3 |
377.5 |
65.1 |
| 1965 |
605.6 |
219.4 |
386.2 |
63.8 |
| 1966 |
649 |
232.7 |
416.3 |
64.1 |
| 1967 |
685.7 |
245.9 |
439.8 |
64.1 |
| 1968 |
768.2 |
262.8 |
505.3 |
65.8 |
| 1969 |
832.4 |
278.6 |
553.9 |
66.5 |
| 1970 |
874.5 |
285.9 |
588.6 |
67.3 |
| 1971 |
957.2 |
309.4 |
647.8 |
67.7 |
| 1972 |
1,098.60 |
343.5 |
755.1 |
68.7 |
| 1973 |
1,251.40 |
382.2 |
869.3 |
69.5 |
| 1974 |
1,261.10 |
419.3 |
841.9 |
66.8 |
| 1975 |
1,413.70 |
459 |
954.6 |
67.5 |
| 1976 |
1,590.00 |
517 |
1,073.00 |
67.5 |
| 1977 |
1,886.80 |
603 |
1,283.90 |
68 |
| 1978 |
2,210.90 |
708.6 |
1,502.30 |
67.9 |
| 1979 |
2,603.30 |
826.7 |
1,776.60 |
68.2 |
| 1980 |
2,943.20 |
926.5 |
2,016.70 |
68.5 |
| 1981 |
3,293.00 |
998.20 |
2,294.70 |
69.7 |
| 1982 |
3,447.40 |
1,031.10 |
2,416.20 |
70.1 |
| 1983 |
3,602.80 |
1,116.20 |
2,486.60 |
69 |
| 1984 |
4,110.10 |
1,242.80 |
2,867.30 |
69.8 |
| 1985 |
4,658.40 |
1,448.30 |
3,210.10 |
68.9 |
| 1986 |
5,088.20 |
1,647.00 |
3,441.10 |
67.6 |
| 1987 |
5,502.40 |
1,826.60 |
3,675.80 |
66.8 |
| 1988 |
5,977.80 |
2,052.80 |
3,925.00 |
65.7 |
| 1989 |
6,474.00 |
2,276.00 |
4,198.00 |
64.8 |
| 1990 |
6,580.50 |
2,503.70 |
4,076.70 |
62 |
| 1991 |
6,784.70 |
2,681.40 |
4,103.30 |
60.5 |
| 1992 |
7,116.80 |
2,852.70 |
4,264.10 |
59.9 |
| 1993 |
7,371.20 |
3,011.90 |
4,359.30 |
59.1 |
| 1994 |
7,634.70 |
3,178.90 |
4,455.80 |
58.4 |
| 1995 |
7,975.30 |
3,332.70 |
4,642.60 |
58.2 |
| 1996 |
8,349.20 |
3,538.20 |
4,811.10 |
57.6 |
| 1997 |
8,758.20 |
3,754.30 |
5,003.90 |
57.1 |
| 1998 |
9,538.50 |
4,055.90 |
5,482.50 |
57.5 |
| 1999 |
10,429.00 |
4,432.90 |
5,996.10 |
57.5 |
| 2000 |
11,374.30 |
4,818.30 |
6,556.00 |
57.6 |
| 2001 |
12,386.20 |
5,324.90 |
7,061.30 |
57 |
| 2002 |
13,585.40 |
6,034.10 |
7,551.30 |
55.6 |
| 2003 |
14,937.50 |
6,882.40 |
8,055.10 |
53.9 |
| 2004 |
16,701.70 |
7,837.60 |
8,864.10 |
53.1 |
| 2005 |
18,694.80 |
8,866.20 |
9,828.70 |
52.6 |
| 2006 |
19,887.50 |
9,854.00 |
10,033.50 |
50.5 |
| 2007 |
20,154.70 |
10,508.80 |
9,646.00 |
47.9 |
| Source: Source: Federal Reserve Flow of Funds Accounts of the United States |
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