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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| Length: | |
| Date of creation: | 2007 |
| Date of revision: | |
| Handle: | RePEc:fip:fedgfe:2007-20 |
| Contact details of provider: | Postal: Web page: http://www.federalreserve.gov/ More information through EDIRC
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| Order Information: | Web: http://www.federalreserve.gov/pubs/feds/fedsorder.html |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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