As homeowners feel wealthier with rising home prices, will they spend more money?
As homeowners feel wealthier with rising home prices, will they spend more money?
Home prices keep rising, which means home equity is also on the rise for some. And consumer confidence is also up. It’s what economists call the “wealth effect” —when personal assets like real estate or mutual funds go up in value. But will that translate into more consumer spending in the near future?
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