Finance and Economics Discussion Series (FEDS)
October 2008
Sources and Uses of Equity Extracted from Homes
Alan Greenspan and James Kennedy
Data - Excel file (129 KB XLS) | Data - Screen readerAbstract:
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.
Full Paper (Screen Reader Version)Keywords: Macroeconomics, personal consumption, home equity extraction
PDF: Full Paper
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