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Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724937
Remarks at the New Jersey Bankers Association Economic Forum, Iselin, New Jersey.
Persistent link: https://www.econbiz.de/10010724975
Remarks at the New Jersey Bankers Association Economic Forum, Iselin, New Jersey.
Persistent link: https://www.econbiz.de/10009416025
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10008679729
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Has housing affordability improved? Yes and no.
Persistent link: https://www.econbiz.de/10005519236
mortgage’s life as with a level nominal payment mortgage, real payments on a PLAM are constant. Thus, PLAMs can be offered with … payments that for several years are likely to be substantially below those on either fixed rate or adjustable rate mortgages …. Other things equal, this rearrangement of the real payment burden allows more potential homebuyers to qualify for mortgages. …
Persistent link: https://www.econbiz.de/10005526661
Rapid increases in house prices can make home ownership more difficult for prospective first-time home buyers by increasing the required down payment amount and, if the increases outpace income growth, by increasing the ratio of mortgage payments to income. In response to such constraints,...
Persistent link: https://www.econbiz.de/10005526730
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Using two decades of American Housing Survey data from 1985 to 2005, we estimate the influence of negative home equity and rising mortgage interest rates on household mobility. We find that both factors lead to lower, not higher, mobility rates over time. The effects are economically large --...
Persistent link: https://www.econbiz.de/10005420603