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Household debt relative to disposable personal income has risen steadily over the past 50 years. Some have argued that …
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While all segments of society have been impacted by the economic downturn of the past decade, some groups have suffered more than others. This research finds that Hispanic households were about twice as likely in 2010 to be seriously delinquent on debt payments as in 2004. During the same time...
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recent publications in Real Estate Economics that are related to households' mortgage choices. The paper covers four areas …: (1) the role of intermediaries such as mortgage brokers; (2) how households choose between a fixed and an adjustable rate … mortgage; (3) how homeowners choose between other features of mortgage contracts; and (4) reverse mortgages …
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Using the propensity to engage in extra-marital activities as a proxy for sensation seeking behavior, we show that sensation-seeking households exhibit riskier economic behavior. They are more likely to obtain a home loan and, conditional upon borrowing, they choose larger loans. Banks are at...
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