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Houses As ATMs No Longer – Part Three Of Five

Monday, February 20, 2017 5:47
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(Before It's News)

from Liberty Street Economics

– this post authored by Andreas Fuster, Eilidh Geddes, and Andrew Haughwout

Housing equity is the primary form of collateral that households use for borrowing. This makes it a potentially important source of consumption funding, especially for younger households. In a previous post we showed that owner’s equity in residential real estate has finally, thanks to increasing home prices, rebounded to and essentially re-attained its 2005 peak level.

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Source: http://econintersect.com/pages/contributors/contributor.php?post=201702200559

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