Understanding Real Estate Understanding Real Estate
Understanding Real Estate Understanding Real Estate
Understanding Real Estate Understanding Real Estate
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U.S. Housing: The Largest Asset Class<br />
U.S. Housing as an Asset Class<br />
$30.0<br />
Aggregate Capital Value ($ Trillions)<br />
As of 12/31/08<br />
$25.0<br />
$20.0<br />
$15.0<br />
$20.5 Housing<br />
$10.0<br />
$5.0<br />
$-<br />
$10.3<br />
U.S. Stocks<br />
$6.0<br />
U.S. <strong>Real</strong> <strong>Estate</strong><br />
Commercial<br />
Sources: CME, Federal Reserve, MacroMarkets, Standard & Poor’s, and World Federation of Exchanges<br />
U.S. Housing: 21 st Century Alternatives for Investment and Risk Management 19
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