US home equity is a record $35 trillion, nearly double pre-COVID levels.
Mostly true True in substance, wrong in a detail.
Factual: Statements about the present or the past, checked against the record: did they hold up?
The second judge would not resolve this claim; the verdict shown is the first judge's.
What would count as true or false
Use the latest data available on 2026-03-27. The primary measure is the Federal Reserve Z.1 series 'owners' equity in household real estate'. Another widely cited national measure is acceptable if it is clearly the basis of the claim. Compare with the pre-COVID level (Q4 2019). TRUE: the figure is about $35 trillion (between $33.25 and $36.75 trillion), it is the series' all-time high, and it is roughly 1.8–2.05 times the Q4 2019 level. MOSTLY TRUE: one minor slip, e.g. the figure is within 10% of $35 trillion, the ratio is 1.7–1.8, or the figure is just below a recent record. MIXED: the figure is near $35 trillion but the ratio is clearly off (e.g. about 1.5), or vice versa. MOSTLY FALSE: the figure is off by 10–25%, or the ratio is about 1.4–1.6. FALSE: the figure is off by more than 25% and the ratio is not close to double.
Set before the research began.
Evidence (2)
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E1 Board of Governors of the Federal Reserve System Board of Governors of the Federal Reserve System (Z.1 Financial Accounts, table B.101) · 19 March 2026
“| Line 51 | Owners' equity in real estate (line 4 less line 33) | FL155035065 | 31779.5 | 33547.1 | 34148.5 | 34045.3 | 33547.1 | 34056.8 | 35087.4 | 34602.0 | 34148.5 |”
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E2 Table Data - Households; Owners' Equity in Real Estate, Level Federal Reserve Bank of St. Louis (FRED) · 11 September 2026
“2019-10-01 | 18136811”
Reasoning
E1 is the Fed's Z.1 release of 2026-03-19, the latest data available on the judging date. Its "Owners' equity in real estate" row shows values of roughly $33.5–35.1 trillion in recent columns, with the most recent apparently $34.15 trillion and a peak of $35.09 trillion. E2 puts the Q4 2019 level at about $18.14 trillion, so the ratio is about 1.88–1.93, which fits "nearly double". The figure is close to $35 trillion, but the latest value appears to sit just below an earlier peak in the same row rather than at a new record. The quote has no column headers, so that ordering is inferred, and on that basis the verdict is mostly true.
Cite this claim
Michael Burry, “US home equity is a record $35 trillion, nearly double pre-COVID levels.” (said 27 March 2026). Verdict: mostly true. Reliability API, claim c_2a118e6be44b, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_2a118e6be44b
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
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Verdicts are made automatically; how verdicts are made.