http://www.msn.com/en-us/money/real-estate/rising-home-prices-lift-us-wealth-even-as-stocks-fall/ar-AAgR2Lb
The rising prices is increasing wealth overall, and per the article when it is housing increases the middle class wealth increases since homes are the source of middle class wealth.
The Federal Reserve said Thursday that U.S. household net worth increased 1 percent to $88.1 trillion in the first quarter. Americans' stock and mutual fund portfolios shrank $160 billion, while home values jumped $498 billion. Savings in certificates of deposit and other bank accounts also rose.
The rise in real estate values likely means the wealth increase was more widely shared than in many previous quarters, because home ownership is the primary source of middle-class wealth. Richer Americans rely more on financial assets.
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