Weak Wealth
03/11/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, Household wealth, housing sales, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist
While household wealth hit a new high of $80.7 trillion in Q4 2013, up $9.8 trillion from 12 months earlier and up from $68.8 trillion before the Great Recession, on an inflation adjusted per-capita basis wealth is still about $500 less than it was at the peak in 2007. Moreover, because most of the rise in wealth was from stocks and mutual funds, cash-out refinancing was essentially non-existent in 2013.