Home prices make U.S. house­holds wealth­ier.

The Denver Post - - BUSINESS -

A healthy in­crease in home val­ues and higher stock prices drove up U.S. house­hold wealth in the July-Septem­ber quar­ter, though the gains are largely con­cen­trated among wealth­ier Amer­i­cans.

The Fed­eral Re­serve said Thurs­day that real es­tate val­ues in­creased $554 bil­lion in the third quar­ter, while Amer­i­cans’ stock and mutual fund port­fo­lios rose $494 bil­lion.

To­tal house­hold wealth, which in­cludes check­ing and sav­ings ac­counts and sub­tracts mort­gages and other debt, in­creased 1.8 per­cent to $90.2 tril­lion.

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