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Converting home equity to consumption is my guess. Remember HELOCs?
by alexeisadeski3 12y ago
Converting home equity to consumption is my guess.
Remember HELOCs?
- Paul_Dessert 12y agoHELOCs are back and bigger than ever! Home-equity lending surpassed 2009 levels in 2013, with $111 billion in new home equity lines of credit (HELOCs) opened. In the fourth quarter, new lending increased 43% from quarter four 2012, according to data from Experian-Oliver Wyman Market Intelligence Reports and Experian’s IntelliView tool. http://www.marketwatch.com/story/helocs-made-a-comeback-in-2013-2014-03-07 http://www.marketwatch.com/story/helocs-made-a-comeback-in-2...
- alexeisadeski3 12y agoHaha awesome. Though I imagine that surpassing "2009 levels" is not very exciting. Wake me up when they surpass 2005 levels!