Housing equity withdrawal since the financial crisis
Abstract
The amount of housing equity withdrawal (HEW) has swung from being significantly positive before the financial crisis and recession, to negative over the past few years. The net effect of a chain of housing transactions is typically a large equity withdrawal. The fall in the number of housing transactions is therefore likely to have been a key driver of the fall in equity withdrawal since the financial crisis. There is little sign that, at the aggregate level, households are making an active effort to pay down debt more quickly than in the past.Download Info
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Article provided by Bank of England in its journal Bank of England Quarterly Bulletin.
Volume (Year): 51 (2011)
Issue (Month): 2 ()
Pages: 127-133
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- Nielsen, Mette & Pezzini, Silvia & Reinold, Kate & Williams, Richard, 2010. "The financial position of British households: evidence from the 2010 NMG Consulting survey," Bank of England Quarterly Bulletin, Bank of England, vol. 50(4), pages 333-345.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Lydon, Reamonn & O'Leary, Brídín, 2013. "Housing Equity Withdrawal Trends in Ireland," Quarterly Bulletin Articles, Central Bank of Ireland, pages 90-103, January.
- Voigtländer, Michael, 2012. "The Stability of the German Housing Market," MPRA Paper 43315, University Library of Munich, Germany.
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