Showing 1 - 10 of 389
Academic research, government inquiries, and press accounts show extensive mortgage fraud during the housing boom of …
Persistent link: https://www.econbiz.de/10011165118
In the 1929-1933 downturn of the Great Depression, house values and homeownership rates fell more, and mortgage foreclosure rates were higher, in cities that had experienced relatively high rates of house construction in the residential real-estate boom of the mid-1920s. Across the 1920s, boom...
Persistent link: https://www.econbiz.de/10010969236
Tax benefits to owner-occupied housing provide incentives for housing consumption, offsetting weaker disincentives of … parameterized model, and determine the consequences of various tax reforms. Reductions in housing tax benefits generally reduce …. The most efficient policy would eliminate most tax benefits to housing and index taxes to local wage levels. …
Persistent link: https://www.econbiz.de/10010969404
surrounding properties and neighborhoods is central to both the theory of urban economics and the development of efficient housing … policy. This paper measures the capitalization of housing market spillovers by studying the sudden and largely unanticipated … control's removal produced large, positive, and robust spillovers onto the price of never-controlled housing from nearby …
Persistent link: https://www.econbiz.de/10010885298
We investigate the effects of wildfires on risk perceptions by quantifying the impact of severe wildfires on housing … provides a connection between changes in underlying risk perceptions and the observed differences in housing price and quantity …
Persistent link: https://www.econbiz.de/10010950827
The intersection of research and policy on consumer credit often has a Goldilocks feel. Some researchers and policymakers posit that consumer credit markets produce too much credit. Other researchers and policymakers posit that markets produce too little credit. I review theories and evidence on...
Persistent link: https://www.econbiz.de/10010951083
Borrowing decisions affect most households, with large stakes and implications for subfields as varied as macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth, and composition, as well as various measures of consumer...
Persistent link: https://www.econbiz.de/10010951247
We analyze the prices of owner-occupied housing in 97 metropolitan areas between 1980 and 2011. Our tests indicate that …
Persistent link: https://www.econbiz.de/10010951251
of regulation, most studies have found substantial effects on the housing market. In particular, regulation appears to … raise house prices, reduce construction, reduce the elasticity of housing supply, and alter urban form. Other research has …
Persistent link: https://www.econbiz.de/10010951413
Housing markets experience substantial price volatility, short term price change momentum and mean reversion of prices … bubble. In this paper, we review the stylized facts of housing bubbles and discuss theories that can potentially explain … housing market, such as intensive search and short selling constraints, to explain the stylized facts. Cheap credit provides a …
Persistent link: https://www.econbiz.de/10010951457