England has very volatile house prices. We use pseudo-panel data spanning multiple house-price cycles over nearly forty years, to assess the extent to which house prices affect access to home ownership by age thirty, and whether differences in ownership rates persist. We find that ownership...

The problem of housing market discrimination and racial disparities in mortgage lending has taken on a new level of urgency ("Blacks, Hispanics Remain Most Likely to Be Denied Home Loans," 1992; Brenner, 1992; Zuckoff, 1992). Researchers and scholars, as well as federal officials, have begun to...

We study the impact of borrowing constraints on home ownership and housing demand by comparing the tenure choice and housing quality of consumers who receive intra-family wealth transfers to those that do not. Our analysis is based on household-level panel data providing information on the...