People are Creating Wealth

> Household Wealth Increases Despite Heavy Real
Estate Losses

The average American's financial situation improved during the third
quarter, according to data released by the Federal Reserve. The news is seen
as a positive sign for the nation's mortgage markets, which have been
stressed by an elevated number of borrowers struggling to fulfill their
mortgage obligations because of deteriorating personal finances. The Fed
says household wealth grew by 2.2 percent, or $1.2 trillion, during the
third quarter as stock market gains offset the $700 billion that was lost on
real estate assets.



Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536

CA DRE#: 01173766