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- Title
Housing equity withdrawal since the financial crisis.
- Authors
Reinold, Kate
- 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.
- Subjects
HOUSING; EQUITY (Law); STOCKS (Finance); FINANCIAL crises; HOUSING market; BANKING industry
- Publication
Bank of England Quarterly Bulletin, 2011, Vol 51, Issue 2, p127
- ISSN
0005-5166
- Publication type
Article