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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/10010287021
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/10010274774
Which housing characteristics are important for understanding homeownership rates? How are housing characteristics … theories of homeownership? Using the English Housing Survey, we estimate a selection model of the allocation of properties to … correlations between rent-to-price ratios and homeownership rates. These patterns are consistent with, among others, hypotheses of …
Persistent link: https://www.econbiz.de/10012621082
We investigate whether initial differences in speed of entry into homeownership lead to longlasting differences in …
Persistent link: https://www.econbiz.de/10010500216
Since the beginnings of the eighties house prices in the Netherlands haveincreased steadily and considerably. In this paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We use the dataof the Dutch socio-economic panel for the...
Persistent link: https://www.econbiz.de/10010325002
This paper studies the role of the Community Reinvestment Act (CRA) in the recent US housing boom-bust cycle. Using a difference-in-differences matching estimation, I find that the enhancement of CRA enforcement in 1998 caused a 7.7 percentage points increase in annual growth rate of mortgage...
Persistent link: https://www.econbiz.de/10011571049
This paper studies the role of the Community Reinvestment Act (CRA) in the US housing boom-bust cycle. I find that the enhancement in CRA enforcement in 1998 increased the growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census tracts. I show that during the boom period...
Persistent link: https://www.econbiz.de/10012140500
commonly believed, lead to a substantial increase in homeownership by minorities but instead generated turnover in properties …
Persistent link: https://www.econbiz.de/10010292355
This paper uses the newly constructed Luxembourg Wealth Study data to document cross-country variation in homeownership … rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and … relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and …
Persistent link: https://www.econbiz.de/10010276611
lax zoning system, both encouraging residential development and an extraordinarily low homeownership rate explain why … country is homeownership attainment and the key policy to tackle this issue is the Mortgage Interest Deduction (MID). This … places the policy-induced demand increase mainly pushes up house prices. The MID only increases homeownership attainment of …
Persistent link: https://www.econbiz.de/10011653771