Initial downpayment for home ownership could prove to be a binding constraint for households aspiring to be homeowners. Households in Japan require 30 to 45% of the house value as downpayment. This not only affects their decision on the timing of homeownership but also has significant influence...

The period of study, from 2000 to 2010, was a decade of turbulence in the American residential real estate market. The time period witnessed a sharp increase in property prices from 2000 to 2006 followed by a sharp decline after the 2007 sub-prime crisis in most markets in the US. The objective...

ERES:conference

In various survey data, the tenants report the spell from past entry to the current date. Although that gives useful information about the mobility pattern, it does not provide any immediate forecast how long the tenants will stay in the future or eventually remain in probability. Information of...

"In recent years there appeared numerous articles about best suited methods to estimate income distributions and polarisation tendencies. The Austrian census data 1989-1999 corroborate findings that summary statistics like dispersion or Gini remain rather stable over time when evaluated for the...

ERES:conference

Urban India has around 3000 urban local bodies (ULBs). The Seventy Fourth Constitutional Amendment Act (1992) has bestowed political power, administrative authority and functional autonomy on local bodies. The functional domain of ULBs now covers planning, regulation and development aspects....

Mortgage termination due to prepayment or default is an important issue in pricing of mortgage and mortgage-backed securities (MBS) due to its stochastic nature. In developing countries where MBS is not yet fully developed, mortgage termination affects the flow of funds to the lenders. Recent...

In the UK, around 55% of householdsí net worth is in housing. More than 70% of households in the UK own a house and holding such a large amount of undiversified real asset poses risk. It is not always that a house would appreciate in value, though a housing investment has been recognised as a...

Households, during their lifecycle, make important decisions regarding their housing consumption. Lifecycle consumption theory suggests that these choices in relation to tenure, size and location of the dwelling unit are made in response to the lifetime wealth maximization by households...