Housing equity withdrawal since the financial crisis

Publication type

Journal Article

Author

Publication date

June 13, 2011

Summary:

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.

Published in

Bank of England Quarterly Bulletin

Volume and page numbers

Volume: 51 , p.127 -133

ISSN

55166

Subjects

Link

- http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/default.aspx

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