Rising housing prices increased homeowners' purchases of goods and services because rising housing prices caused homeowners':

Question

Quizplus · Accepted Answer

Rising housing prices cause homeowners' wealth to rise, which increases their ability and willingness to purchase more goods and services. This is because homeowners feel wealthier and more financially secure, and may also have more equity to borrow against if needed.

Rising Housing Prices Increased Homeowners' Purchases of Goods and Services