Homeowners are Sitting on a Record Amount of Cash, But They’re Not Really Tapping It
CNBC, Aug. 28, 2019–Diana Olick
“Savings have increased significantly since before the Great Recession, so the household balance sheet is just in a better position,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association. “Perhaps the need to tap that equity is a little bit lower and there is a little bit more discipline among consumers.”
