0 minute readResearch by economists Karl Case and Robert Shiller, founders of the home-price indexes that bear their names, concluded that changes in housing wealth have a much bigger impact on spending than do variations in financial wealth. The volatility of stock prices and the fact that equity holdings are concentrated among the rich are behind the difference, according to Bloomberg.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
