Increase In House Sale Prices?

An increase in house prices is an increase in consumer wealth. This is because; a rise in housing sales and home values generally has a positive affect on consumer spending, and economic growth.

An increase in house prices makes homeowners feel richer and they eventually start to spend more money. This can be inflationary.

An increase in homeowner wealth can increase the demand for home loan restructuring. When the property value increases, the homeowner can often access a bigger loan against the value of the house.

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