Between the second quarter of 2006 and the first quarter of 2009, the value of housing wealth
A) increased by about $500 billion.
B) increased by about $13 trillion.
C) decreased by about $600 billion.
D) decreased by about $7 trillion.

Question

Quizplus · Accepted Answer

According to the Federal Reserve, the value of housing wealth decreased by about $7 trillion between Q2 2006 and Q1 2009 due to the housing market crash and the Great Recession.

Between the Second Quarter of 2006 and the First Quarter