Showing 1 - 10 of 438
We investigate whether initial differences in speed of entry into homeownership lead to longlasting differences in …
Persistent link: https://www.econbiz.de/10010500216
commonly believed, lead to a substantial increase in homeownership by minorities but instead generated turnover in properties …
Persistent link: https://www.econbiz.de/10010292355
After three decades of being relatively constant, the homeownership rate increased over the 1994-2005 period to attain … homeownership rate ranges from 56 percent to 70 percent. Demographic factors account for between 16 percent and 31 percent of the … changes of older households. Our analysis suggests that the key to understanding the increase in the homeownership rate is the …
Persistent link: https://www.econbiz.de/10010292289
We document that home ownership of households with 'heads' aged 25-44 years fell substantially between 1980 and 2000 and recovered only partially during the 2001-2005 housing boom. The 1980-2000 decline in young home ownership occurred as improvements in mortgage opportunities seemingly made it...
Persistent link: https://www.econbiz.de/10010292126
In this paper we discuss the potential for commercial microfinance in China. Particular emphasis is put on securitization of microloans and on structured microfinance in a China context. Three particular factors that we believe could support a strong growth in Chinese structured microfinance are...
Persistent link: https://www.econbiz.de/10013208521
We study the impacts of blockbusting, i.e. large-scale racial turnover of urban neighborhoods orchestrated by real estate professionals using aggressive and discriminatory practices. In a panel of census tracts across large cities in the postwar United States, we compare tracts subjected to...
Persistent link: https://www.econbiz.de/10014301990
This paper extends the VECM cointegration model and PT (permanent-transitory) variance decomposition framework proposed by Lettau & Ludvigson (2004) and applies them on the Swedish data spanning from 1980q1 to 2004q4. There are strong statistical evidences that the movements of aggregate...
Persistent link: https://www.econbiz.de/10010321586
This paper seeks to understand the extent financialisation has had an impact on the rental housing market in Berlin. Specifically, it focuses on the financialisation of non-financial rental housing companies. The financial statements of five large, publicly listed, commercial rental housing...
Persistent link: https://www.econbiz.de/10012420679
In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale prices of nearby properties. We revisit this issue using a more robust identification strategy combined with new data that contain information on the location of properties...
Persistent link: https://www.econbiz.de/10010292258
We evaluate the effects of laws designed to protect borrowers from foreclosure. We find that these laws delay but do not prevent foreclosures. We first compare states that require lenders to seek judicial permission to foreclose with states that do not. Borrowers in judicial states are no more...
Persistent link: https://www.econbiz.de/10010292272