Narrow search
Showing 1 - 10 of 424
Cover Image
Rushing into American dream? House prices, timing of homeownership, and adjustment of consumer credit
Agarwal, Sumit; Hu, Luojia; Huang, Xing - 2013
homeownership as a function of credit constraints and expectations of future house price. Our panel data allows us to track …
Persistent link: https://www.econbiz.de/10010352190
Cover Image
Housing inequality in the United States: a decomposition analysis of racial and ethnic disparities in homeownership
DeSilva, Sanjaya; Elmelech, Yuval - 2009
In recent years, as the homeownership rate in the United States reached its highest level in history, homeownership … Public Use Microdata Series (IPUMS) and 2006 American Community Survey (ACS) to study the trajectory into homeownership of … homeownership. The unique (merged) dataset enables the authors to distinguish assimilation (length of residence) from immigration …
Persistent link: https://www.econbiz.de/10010266598
Cover Image
Financialisation and rental housing: A case study of Berlin
Davies, Clementine - 2021
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
Cover Image
Late starters or excluded generations? A cohort analysis of catch up in homeownership in England
Bottazzi, Renata; Crossley, Thomas F.; Wakefield, Matthew - 2012
We investigate whether initial differences in speed of entry into homeownership lead to longlasting differences in …
Persistent link: https://www.econbiz.de/10010500216
Cover Image
Do financial counseling mandates improve mortgage choice and performance? Evidence from a legislative experiment
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2009
We explore the effects of mandatory third-party review of mortgage contracts on the terms, availability, and performance of mortgage credit. Our study is based on a legislative experiment in which the State of Illinois required 'high-risk' mortgage applicants acquiring or refinancing properties...
Persistent link: https://www.econbiz.de/10010292159
Cover Image
Housing and the secular decline in real interest rates
Knell, Markus - 2023
In this paper, I study the role of housing for wealth accumulation and the determination of the equilibrium real interest rate within a continuous-time overlapping generations model that incorporates a realistic demographic structure and households that save for life-cycle and bequest reasons....
Persistent link: https://www.econbiz.de/10014476430
Cover Image
The causal effect of house prices on mortgage demand and mortgage supply
Basten, Christoph; Koch, Cathérine - 2014
We identify the causal effect of house prices on mortgage demand and supply in Switzerland by exploiting exogenous shocks to immigration and thereby to house prices. Detailed micro data allow us to observe multiple offers for each mortgage request. We find a 1% increase in house prices to raise...
Persistent link: https://www.econbiz.de/10011282474
Cover Image
The Relation between Financial and Housing Wealth of Dutch Households
Hochguertel, Stefan; van Soest, Arthur - 1998
We analyze households' joint investment decisions for financial wealth and homes. We use a bivariate censored regression model with endogenous switching. Fixed costs or transaction costs are captured by an unobserved nonzero censoring threshold. The model allows for spill-over effects of a...
Persistent link: https://www.econbiz.de/10010321730
Cover Image
Cyclical transactions and wealth inequality
Sakong, Jung - 2022
households' wealth via homeownership can backfire if it ignores the status of house prices. …
Persistent link: https://www.econbiz.de/10012888655
Cover Image
Housing and the macroeconomy: The role of implicit guarantees for government-sponsored enterprises
Jeske, Karsten; Krueger, Dirk; Jeske, Karsten; Krueger, Dirk - 2005
This paper studies the macroeconomic effects of implicit government guarantees of the obligations of government-sponsored enterprises. We construct a model with competitive housing and mortgage markets in which the government provides banks with insurance against aggregate shocks to mortgage...
Persistent link: https://www.econbiz.de/10010397682