Wow! Housing Market Lost the Equivalent of China and United Kingdom GDPs Combined

According to RealEstate.com:

The U.S. housing market lost the equivalent of the GDP of China and the United Kingdom combined during the five-year-long real estate crash. That’s over $9.128 trillion!

How much have we recovered since the bottom of the market in November, 2011? $3.2 trillion.

Reference

The Big Picture

This entry was posted in Economy and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>