Between the first quarter of 2000 and the first quarter of 2006, the value of housing wealth decreased by about $600 billion per quarter.

Name: Between the first quarter of 2000 and the first quarter of 2006, the value of housing wealth decreased by about $600 billion per quarter.
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Question

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This statement is false. According to data from the Federal Reserve, the value of housing wealth increased during this time period, with the exception of a brief decline in 2006 before the housing market crash.

Between the First Quarter of 2000 and the First Quarter