Rising Home Values and the Wealth Effect

The Extraordinary Wealth Created by the Pandemic Housing Market
https://www.nytimes.com/2022/05/01/upshot/pandemic-housing-market-wealth.html 

Related:

Is the US housing market headed for a price correction?
https://thehill.com/opinion/finance/3466071-is-the-us-housing-market-headed-for-a-price-correction/