According to the Federal Reserve Flow of Funds report, as of the fourth quarter of 2020, the market value of all real estate assets held by households stood at $32.0 trillion. On the other side of the balance sheet, their liabilities, i.e., the mortgages held on said assets, totaled $10.9 trillion. As a result, total owners’ equity, defined as the difference between households’ assets and liabilities, equaled $21.1 trillion or 66% of household real estate, increasing by 0.4% from the prior quarter.
Full Article here: Households’ Balance Sheets: Q4 2020
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