In recent years, many European Union (EU) countries have seen house prices rising more strongly than inflation, with rent levels also increasing significantly. Consequently, growing attention is given to the issue of housing affordability in the rental market by policymakers, researchers, and...

Using the adoption of Zombie Property Law (ZL) across several US states, we show that increased lender accountability in the foreclosure process affects mortgage lending decisions and standards. Difference-in-differences estimations using a state border design show that ZL incentivizes lenders...

In many countries, the cost of housing has greatly outpaced income growth, leading to a housing affordability crisis. Leveraging Canadian loan-level data and quasi-experimental variation in payment-to-income constraints, we document an increasing reliance of first-time homebuyers on financial...

Die Nachfrage nach privaten Wohnbaukrediten ist im ersten Quartal 2024 leicht gestiegen, nachdem sie zuvor eineinhalb Jahre lang stark gefallen war. Für das zweite Quartal 2024 erwarten die befragten österreichischen Banken einen weiteren Anstieg der Nachfrage. Hintergrund der sich andeutenden...

We quantify the housing-consumption channel in mortgage demand according to which households borrow more following house-price increases since housing and non-housing consumption are imperfect substitutes. To identify this channel, we take a structural approach to mortgage demand and supply,...