Preston Pysh observes that housing equity tapping via refinances is occurring at unprecedented rates despite higher rates, because homeowners who experienced rapid equity gains from 2020-2022 now see that equity as spendable wealth, enabling them to extract $100k+ in equity to finance discretionary consumption and home improvements.
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Preston PyshEvidence Quote
“they're seeing $100,000 there that they've never been able to save and they're saying, 'My God, I could go put on the new deck or I could go do whatever because I now have this equity in the house.'”
Created: 8/11/2026, 1:30:01 AM
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