Sources and uses of equity extracted from homes

Alan Greenspan and James E. Kennedy

No 2007-20, Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (U.S.)

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.

Keywords: Consumption (Economics); Home equity loans (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (23)

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Journal Article: Sources and uses of equity extracted from homes (2008)
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