Housing wealth is about one half of household net worth, and consumption is a considerable fraction (about two thirds …) of Gross Domestic Product in the United States. Empirically, movements in housing wealth are associated with movements in … consumption in the same direction. This observation has led many economists, commentators and policy makers to study how housing …

We analyse the decline of household saving rates in the bottom half of the income distribution in Germany since the … combine survey data on household consumption with our own representative survey on the visibility and status relevance of … housing, by considerably reducing their saving rates. …

data from the Eurosystem Household Finance and Consumption Survey (HFCS) to analyse the household's wealth composition and … accumulation process in the euro area. To quantify the size of the housing wealth and its potential to enhance existing and future … amount of home equity that is expected to be released over a 10-year period through regular monthly mortgage payments. We …

actively taken out a new mortgage. These results point to the existence of a housing wealth effect that is intimately connected … unanticipated housing wealth gains and spending by affecting the passthrough on interest rates on mortgage loans. …In this paper we examine whether house price changes drive mortgage-based equity extraction. To do this we use …