Showing 1 - 10 of 1,642
This paper examines the impact of residential foreclosures and vacancies on violent and property crime. To overcome confounding factors, a difference-in-difference research design is applied to a unique data set containing geocoded foreclosure and crime data from Pittsburgh, Pennsylvania....
Persistent link: https://www.econbiz.de/10013045287
Recent sharp declines in owner-occupied housing prices naturally raise the question of whether something similar will happen to income-producing properties. It already has based on the nearly 60% decline in the share prices of publicly-traded, commercial property firms from their peak in early...
Persistent link: https://www.econbiz.de/10012839961
We study the severity of liquidity constraints in the U.S. housing market using a life-cycle model with uninsurable idiosyncratic risks in which houses are illiquid, but agents can extract home equity by refinancing their mortgages. The model implies that four-fifths of homeowners are liquidity...
Persistent link: https://www.econbiz.de/10012957387
, age of household head, region, industry, occupation, ethnicity, and family size and? composition. Rental prices and value …
Persistent link: https://www.econbiz.de/10013220430
The efficient markets hypothesis has dominated modern research on asset prices. Asset prices and their intrinsic values differ in inefficient financial markets but difficulties in the measurement of intrinsic value greatly complicate market efficiency tests. Reflections on the measurement of...
Persistent link: https://www.econbiz.de/10013249160
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/10012750735
Local pollution exposures disproportionately impact minority households, but the root causes remain unclear. This study conducts a correspondence experiment on a major online housing platform to test whether housing discrimination constrains minority access to housing options in markets with...
Persistent link: https://www.econbiz.de/10013324656
.S. household leverage from 2002 to 2006 and the increase in defaults from 2006 to 2008. Employing land topology-based housing …
Persistent link: https://www.econbiz.de/10013151131
household of only three people, in 1850 household size was twice that figure. Further, both the number of children and the … number of adults in a household have fallen dramatically. We develop a simple theory of household size where living with … others is beneficial solely because the costs of household public goods can be shared. In other words, we abstract from intra …
Persistent link: https://www.econbiz.de/10013155024
. Information treatments about current and next year's interest rates have a strong effect on household expectations but treatments …
Persistent link: https://www.econbiz.de/10012840847