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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (2629)	5/15/2002 12:49:58 PM
From: Les H	Read Replies (2) \| Respond to of 306849

average equity in home is $ 64,000 guess that puts debt-to-equity at 2-to-1 signonsandiego.com A recent study by three economists at the National Bureau of Economic Research concluded that the housing market was far more important to consumption than the stock market. Harvard's Joint Center for Housing Studies concluded that a U.S. homeowner's net worth on average is $138,000, and half of that is equity in the home. The Federal Reserve's extremely aggressive lowering of interest rates helped trigger a massive move to mortgage refinancing – reliquefying household balance sheets and therefore keeping consumption buoyant.