Live Breaking News & Updates on Housing mar we ket

to do anyway. let's start it now. >> now, when we see the recovery of 45% of wealth, which is the average u.s. household, that's a move in the right direction. how do we keep that going? >> well, a lot of that has to do with recovery in the housing mar we ket. we've recovered about 45 pfrs the trillions of dollars lost when the housing bubble burst. but some of that has a lot to do with the stock market, as well. and remember, something like 30% of stock market wealth is held by just the top 1% the wealthiest households. if you don't own a house, then appreciating home prices don't help you that much. so the thing you said earlier is really important. it's great to see the housing market, the stock market moving upwards. some of that absolutely does affect average folks. maybe you have a 401(k) or

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