For example, at the national level, the Federal Reserve Board announced yesterday that homeowners equity
jumped over $400 billion in the fourth quarter of 2013, reaching over $10 trillion for the first time since 2007.
We feel the timing is just right as the surge in property prices has given homeowners equity
to spend on home improvements.
Under the proposed Homeowners Equity
and Liquidity Pathway (HELP) for Housing plan, homeowners build equity in their homes after just two years without a government bailout while contributing up to $450 billion in economic stimulus to the U.
is, or at least was, the principal store of wealth for the vast majority of Americans.