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$90
$80
$70
$60
$50
$40
$30
$20
$10
$0
Many homeowners still have skin in the game
Volume of Home Equity Cashed-out $84
$11 $4
$39
CALIFORNIA ASSOCIATION OF REALTORS®
1993Q1 1993Q4 1994Q3 1995Q2 1996Q1 1996Q4 1997Q3 1998Q2 1999Q1 1999Q4 2000Q3 2001Q2 2002Q1 2002Q4 2003Q3 2004Q2 2005Q1 2005Q4 2006Q3 2007Q2 2008Q1 2008Q4 2009Q3 2010Q2 2011Q1 2011Q4 2012Q3 2013Q2 2014Q1 2014Q4 2015Q3 2016Q2 2017Q1 2017Q4 2018Q3 2019Q2 2020Q1