Average real estate assets, mortgage debt, and home equity of middle-income households, 1989-2018  160,000  Real estate assets  140,000 120,000 100,000  Home equity  80,000 60,000  Mortgage debt  40,000 20,000 0 1989:Q3  1992:Q3  1995:Q3  1998:Q3  2001:Q3  2004:Q3  2007:Q3  2010:Q3  2013:Q3  2016:Q3 2018:Q4  Note: Wealth values are reported in 2018 dollars using the personal consumption expenditures prices.
Source: Federal Reserve Board, Distributional Financial Accounts; Bureau of Economic Analysis; calculations by Board staff. 2018 dollars  Figure 10.