Showing 1 - 10 of 1,106
attitudes of individual consumers. They find that younger respondents are relatively less confident about homeownership after …
Persistent link: https://www.econbiz.de/10009564354
This paper discusses findings relative to the impact of borrowing constraints on homeownership in the U.S. in the … aftermath of the 2008 financial crisis. While homeownership declines and tightened credit are evident, the role the tightening …. The homeownership rate in 2010-2013 is simulated to be 2.3 percentage points lower than if the constraints were set at the …
Persistent link: https://www.econbiz.de/10013000693
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing against the increase in home equity by existing homeowners is responsible for a significant fraction of both the rise in U.S. household leverage from 2002 to 2006 and the increase in defaults...
Persistent link: https://www.econbiz.de/10013152833
Households borrow against home equity through different types of mortgages: closed end home equity loans or revolving lines of credit, cash-out refinancing, and—for senior homeowners—reverse mortgages. The objective of this study is to identify how borrowing constraints and the lending...
Persistent link: https://www.econbiz.de/10012903634
This study investigates homeownership decisions of young adult children who experienced parental foreclosure. The … and 2011 had the strongest negative effects; yet, young adults appeared to postpone rather than giving up homeownership … foreclosure effects exceeded the positive effects of savings, making homeownership less likely among foreclosure witnesses who …
Persistent link: https://www.econbiz.de/10012919751
, we document the association between house prices and homeownership at age thirty. We then use synthetic cohort methods to …
Persistent link: https://www.econbiz.de/10009530248
We study the link between homeownership and entrepreneurship using a model of occupational choice and housing tenure … amplifying risk aversion, diminish the likelihood that homeowners start a business; (ii) the negative link between homeownership …
Persistent link: https://www.econbiz.de/10009753007
We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and …
Persistent link: https://www.econbiz.de/10010425992
Using a dedicated set of questions in the 2014 Luxembourg Household Finance and Consumption Survey (LU-HFCS), we show that a substantial share of households contributes their own labour to the acquisition of their main residence. These contributions help households faced with credit constraints,...
Persistent link: https://www.econbiz.de/10012299081
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/10011570577