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Surprise: Americans Now Owe Less on Their Homes

Period Ending Outstanding Housing Debt

1Q 10 $9,847

4Q 09 10,138

4Q 08 9,586

4Q 07 9,206

4Q 06 8,591

4Q 05 8,291

4Q 04 7,664

4Q 03 (*) 6,876

4Q 02 (*) 6,010

4Q 01 (*) 5,305

4Q 00 (*) 4,798

($ in Billions) Notes: Housing debt reflects first and second liens serviced by mortgage banking firms. (*) Figures courtesy of the Mortgage Bankers Association. The rest come from National Mortgage News.

Source: NMN/Quarterly Data Report. Questions? E-mail Paul.Muolo@SourceMedia.com.

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