Sources and uses of equity extracted from homes

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.

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Year of publication:	2007
Authors:	Greenspan, Alan ; Kennedy, James
Institutions:	Federal Reserve Board (Board of Governors of the Federal Reserve System)
Subject:	Consumption (Economics) \| Home equity loans

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Extent:	text/html application/pdf
Series:	Finance and Economics Discussion Series.
Type of publication:	Book / Working Paper
Notes:	Number 2007-20
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005514152