Household Worth Up $2.1 Trillion: A Positive for the Mortgage Market

Americans are beginning to gain ground against the worst recession in recent history as more and more economic indicators point to recovery. A new study from the Federal Reserve says household net worth in the U.S. soared $2.1 trillion during the last three months of 2010.

From October through December of last year, the central bank says household losses on real estate assets totaled $260 billion as property values continued to sink, but that was dwarfed by a $2.3 trillion surge in the value of financial assets resulting from strong stock markets gains.

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