After The Housing And Mortgage Refinancing Boom - 2005-04-01
Admit it -- you're guilty. You've surfed Web sites such as GetMyHomesValue.com and Domania.com to get a sense of the real estate values in your city.
For the economy, a cooling of housing demand and prices could crimp consumer spending. In just three years, from 2002 to 2004, homeowners who refinanced their mortgages took out a phenomenal $400 billion in extra cash, most of which was pumped back into the economy.
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