Showing 1 - 10 of 551
This paper studies temporary policy incentives designed to address capital overhang by inducing asset demand from buyers in the private market. Using variation across local geographies in ex ante program exposure and a difference-in-differences design, we find that the First-Time Homebuyer...
Persistent link: https://www.econbiz.de/10012977641
This paper measures the housing market impact of state-level anti-discrimination laws in the 1960s using household-level and census-tract data. State-level fair-housing' laws attempted to bar discrimination on the basis of race, religion, and national origin in the sale, rental, and financing of...
Persistent link: https://www.econbiz.de/10013215687
Interconnected capital markets allow mobile global capital to flow into immobile local assets. This paper examines how foreign demand affects U.S. housing markets, and uses this demand shock to estimate local price elasticities of supply. Other countries introduced foreign-buyer taxes meant to...
Persistent link: https://www.econbiz.de/10013292691
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
The key stylized facts of the housing market are positive serial correlation of price changes at one year frequencies and mean reversion over longer periods, strong persistence in construction, and highly volatile prices and construction levels within markets. We calibrate a dynamic model of...
Persistent link: https://www.econbiz.de/10013311898
effect of a life shock on homelessness. Using survey data from the Fragile Families and Child Wellbeing study that have been … augmented with information from hospital medical records, we find that the health shock increases the likelihood of homelessness … three years later, particularly in cities with high housing costs. Homelessness is defined using both a traditional measure …
Persistent link: https://www.econbiz.de/10013129129
Homelessness may be both a cause of and one of the more extreme outcomes of poverty. Governments at all levels have a … variety of tools to combat homelessness, and these strategies have changed dramatically over the past quarter century. In this …
Persistent link: https://www.econbiz.de/10012863269
Expansions of Medicaid eligibility intend to improve access to care, and to shift care from emergency rooms and inpatient hospital care to more appropriate sites. We examine the effect of Medicaid recipiency on the level and site of medical service utilization using data from 1985 and 1987...
Persistent link: https://www.econbiz.de/10014158571
We produce first results on the sustainability of homeownership for recent (2007-2009) FHA-insured borrowers. More than 15 percent of these borrowers have already been 90 days or more delinquent, while less than 7 percent have completed their graduation to sustainable homeownership by finally...
Persistent link: https://www.econbiz.de/10013103886
We analyze by far the most extensive data base yet employed in estimating capitalizationquot; of below-market interest rates into asset prices: nearly 300,000 sales of owner-occupied homes inquot; Sweden from 1981 to 1993 with 40,000 including government subsidized interest rates. Ourquot;...
Persistent link: https://www.econbiz.de/10012774912