U.S. Home Equity is Back, So Why Aren’t More People Borrowing?
Associated Press, May 25, 2017–Christopher S. Rugaber
Home prices have recovered and housing equity now equals 58 percent of home values–the highest point since 2006. Yet borrowing against that equity has barely budged from post-recession lows, which helps explain why consumer spending remains weak eight years after the Great Recession ended. (MBA mention)
