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Sources and Uses of Equity Extracted from Homes

Submitted by Admin on
Abstract: In this paper, we present estimates of the disposition of the free cash generated by home equity extraction to finance consumer spending, outlays for home improvements, debt repayment, acquisition of assets, and other uses. We estimate free cash as cash available net of closing costs and repayment of other mortgage debt. We also have extended the quarterly data series for gross equity extraction, presented in our earlier paper, back to 1968.
ID
124
Agency Owner
Board of Governors of the Federal Reserve System
Audience
Author
Alan Greenspan and James Kennedy
Document Type
Information Source
Item Type
Item
Language
English
Path
researcher/Lists/Researchers
Recommend We Post?
TRUE