Similar Search Results

Home Ownership and Real House Prices : Sources of Change, 1965-85

Hendershott, Patric H. - 1987

Two phenomena characterized the housing market in the 1970s: a somewhat-disguised surge toward home ownership and a well-publicized sharp increase in the real price of housing. These movements were partially reversed in the first half of the 1980s. In the "standard view", the 1970s changes are...

Persistent link: https://www.econbiz.de/10012476823

Arbitrage in Housing Markets

Glaeser, Edward L. - 2007

Urban economists understand housing prices with a spatial equilibrium approach that assumes people must be indifferent across locations. Since the spatial no arbitrage condition is inherently imprecise, other economists have turned to different no arbitrage conditions, such as the prediction...

Persistent link: https://www.econbiz.de/10012464942

Owner-Occupied Housing as a Hedge Against Rent Risk

Sinai, Todd - 2003

in house values. However, homeownership also provides a hedge against fluctuations in future rent payments. This paper … households so housing market risk actually increases homeownership rates and house prices. Further, the net effect of rent risk … on the demand for homeownership increases with a household's expected length of stay in its home, as the cumulative rent …

Persistent link: https://www.econbiz.de/10012469241

A New Spatial Hedonic Equilibrium in the Emerging Work-from-Home Economy?

Brueckner, Jan K.; Kahn, Matthew E.; Lindeman, Gary - National Bureau of Economic Research - 2021

This paper studies the impacts of work-from-home (WFH) in the housing market from both intercity and intracity perspectives. Our results confirm the theoretical prediction that WFH puts downward pressure on housing prices and rents in high-productivity counties, a result of workers starting to...

Persistent link: https://www.econbiz.de/10012496079

House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis

Mian, Atif R. - 2009

Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing against the increase in home equity by existing homeowners is responsible for a significant fraction of both the sharp rise in U.S. household leverage from 2002 to 2006 and the increase in...

Persistent link: https://www.econbiz.de/10012463368

An Altered U.S. Housing Finance System : Implications for Housing

Hendershott, Patric H. - 1991

During the 1960s and 1970s, the U.S. government closely regulated the single-family housing finance system. The regulation manifested itself in a highly specialized system with four notable characteristics: portfolio restrictions against investments in corporate assets, tax inducements to invest...

Persistent link: https://www.econbiz.de/10012475230

Housing and the Financial Crisis

Glaeser, Edward L. (contributor); Sinai, Todd M. (contributor) - 2013

Contents; Preface; Postmortem for a Housing Crash / Edward L. Glaeser and Todd Sinai; 1. House Price Moments in Boom-Bust Cycles / Todd Sinai; 2. The Supply Side of the Housing Boom and Bust of the 2000s / Andrew Haughwout, Richard W. Peach, John Sporn, and Joseph Tracy; 3. A Spatial Look at Housing...

Persistent link: https://www.econbiz.de/10013480761

Human-Algorithm Interactions : Evidence from Zillow.com

Fu, Runshan; Jin, Ginger Zhe; Liu, Meng - National Bureau of Economic Research - 2022

Using bi-weekly snapshots of Zillow in three US cities, we document how home sellers and buyers interact with Zillow's Zestimate algorithm during the sales cycle of residential properties. We find that listing and selling outcomes respond significantly to Zestimate, and Zestimate is quickly...

Persistent link: https://www.econbiz.de/10013172179

Well worth saving : how the New Deal safeguarded home ownership

Fishback, Price Van Meter; Rose, Jonathan; Snowden, … - 2013

"Well Worth Saving tells the story of the disastrous housing market during the Great Depression and the extent to which an immensely popular New Deal relief program, the Home Owners' Loan Corporation (HOLC), was able to stem foreclosures by buying distressed mortgages from lenders and...

Persistent link: https://www.econbiz.de/10010220898

Inflation and the Benefits from Owner-Occupied Housing

Hendershott, Patric H. - 1979

This paper examines the effects of inflation on the allocation of resources between residential and nonresidential uses and the productivity of capital in the U.S. We begin by calculating the realized rates of return on homeowner equity and the contributions of fixed-rate mortgages and...

Persistent link: https://www.econbiz.de/10012478765

1
2
3
4
5
6
7
8
9
10
Next
Last