Rising Real Estate Prices Added $900B to Household Assets: Fed

Surging values for real estate tacked on $900 billion to household assets in the fourth quarter of last year, helping push the U.S. wealth total to $130.2 trillion, according to the Federal Reserve. So reports Reuters.

Increases in stock prices accounted for a $4.9 trillion boost to household wealth from October to December, according to the Fed.

Overall, household assets were up by $12 trillion from the end of 2019.

Read the full article from Reuters. 

Source: themortgageleader.com