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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (24535)10/15/2004 2:52:41 AM
From: GraceZRead Replies (2) of 306849
 
Never mind, I found the data myself.

Freddie Mac estimates that homeowners with
prime mortgages not insured by the government cashed out
about $86 billion in 2001, $108 billion in 2002, and $139
billion in 2003. The total of $333 billion dwarfs the next
highest three-year level of $114 billion posted in 1998–2000.


In 2000-2001 homeowners put 262 billion worth of improvements into their houses. In 98-99 they put 211 billion back into the house.
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