Gary's Blog

Monday, March 15, 2010

Americans Regaining Wealth

The Federal Reserve said Thursday that net worth rose 1.3% in the fourth quarter to $54.2 trillion. That marked the third straight quarter of gains. Net worth rose a more robust 4.5% in the second quarter of '09, and 5.5% in the third quarter.

Growth in stock portfolios delivered the biggest lift to net worth. Higher home prices helped a bit.

Just another sign. What we find in Maui real estate is that when prospective buyers feel wealthier, they come here to buy. It's just a matter of time!

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