Li, Qi; Zhang, Xu - 2023 - Last updated: December 28, 2023
This paper investigates the differential impact of monetary policy on homeownership and housing returns among Black …-specific entries and exits of homeownership and housing returns for 140 metropolitan areas in the United States. Our findings reveal … significant heterogeneity: for minority households, one unit of monetary tightening leads to a 15% lower housing return and a 31 …