Housing Equity Withdrawal Since the Financial Crisis

7 Pages Posted: 16 Jun 2011

See all articles by Kate Reinold

Kate Reinold

Bank of England - Monetary Analysis

Date Written: June 13, 2011


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.

Suggested Citation

Reinold, Kate, Housing Equity Withdrawal Since the Financial Crisis (June 13, 2011). Bank of England Quarterly Bulletin No. 2011 Q2, Available at SSRN: https://ssrn.com/abstract=1865200 or http://dx.doi.org/10.2139/ssrn.1865200

Kate Reinold (Contact Author)

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

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