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After rising for a decade, the U.S. homeownership rate peaked at 69 percent in the third quarter of 2006. Over the next … homeownership rate declined by 1.7 percentage points. An important question is, how much more will this rate decline over the … current economic downturn? To address this question, we propose the concept of the “homeownership gap” as a gauge of downward …
Persistent link: https://www.econbiz.de/10013149388
than their houses are worth. These homeowners are included in the official homeownership rate computed by the Census Bureau … homeownership that excludes negative equity households. They argue that the effective rate - 5.6 percentage points below the …
Persistent link: https://www.econbiz.de/10013141453
homeownership rates. The probability of becoming a homeowner is a function of the relative cost of owning and renting, borrowing … supply is inelastic. homeownership ; tax policy ; prices …
Persistent link: https://www.econbiz.de/10009558474
The future of American homeownership is being pushed in contradictory directions by demographic changes. The aging of … the Baby Boomers would support higher levels of homeownership, but the increasing minority share of the population and the … persistent racial gap in homeownership acts to reduce homeownership. Layered on top of these demographics is an uncertain …
Persistent link: https://www.econbiz.de/10012985504
greater chance of getting a mortgage to buy a home. As a result, the positive correlation between the homeownership and …
Persistent link: https://www.econbiz.de/10012981831
A wide range of aggregate data is used to examine the spatial variation in homeownership rates among a cross-section of … spatial dependence in homeownership levels. In addition to familiar demographic and socioeconomic variables, the regional … disparities in homeownership rates between eastern and western Germany as well as between rural, urbanized and agglomerated …
Persistent link: https://www.econbiz.de/10009011208
This study reviews the literature on the determinants of a country's homeownership rate including factors such as … methodologies. We emphasize that homeownership cannot be considered in a static framework. Rather, factors such as house price … different locations. We conclude with a review of three such analyses of the variations in homeownership rates across developed …
Persistent link: https://www.econbiz.de/10009375146
This study reviews the literature on the determinants of a country's homeownership rate including factors such as … methodologies. We emphasize that homeownership cannot be considered in a static framework. Rather, factors such as house price … different locations. We conclude with a review of three such analyses of the variations in homeownership rates across developed …
Persistent link: https://www.econbiz.de/10013067117
A wide range of aggregate data is used to examine the spatial variation in homeownership rates among a cross-section of … spatial dependence in homeownership levels. In addition to familiar demographic and socioeconomic variables, the regional … disparities in homeownership rates between eastern and western Germany as well as between rural, urbanized and agglomerated …
Persistent link: https://www.econbiz.de/10013316053
are controlled for. However, the black-white homeownership gap disappears if differences in own and parental wealth and in …
Persistent link: https://www.econbiz.de/10014224341