Housing values shape consumer confidence

Fluctuations in residential real estate prices affect how homeowners perceive their wealth, according to the Housing Analytics Update released today by Radar Logic. The charts below, from the Radar Logic report, illustrate the relationship between home prices, calculated using Radar Logic’s Residential Property Index (RPX), and consumer confidence. In recent years, according to the charts, consumer confidence has risen and fallen just like the housing market. TRD

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