These two charts paint a devastating picture of the US housing market.
Its not just that the market value of US residential real estate fell about $6.2 trillion dollars (versus Case Shiller’s 33%) peak to trough fall; the uglier number is the owners equity RE: It is off 55.7% over the same period.
Market Value US Residential Real Estate
Owner’s Equity, US Residential Real Estate
All charts via The Chart Store