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Rushing into American dream? : house prices, timing of homeownership, and adjustment of consumer credit
Agarwal, Sumit; Hu, Luojia; Huang, Xing - 2013
homeownership as a function of credit constraints and expectations of future house price. Our panel data allows us to track …
Persistent link: https://www.econbiz.de/10010211024
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Shifting confidence in homeownership : the great recession
Bracha, Anat; Jamison, Julian C. - 2012 - This version: June 26, 2012
attitudes of individual consumers. They find that younger respondents are relatively less confident about homeownership after …
Persistent link: https://www.econbiz.de/10009564354
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House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis
Mian, Atif R. - 2010
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
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Do households use home-ownership to insure themselves? : evidence across U.S. cities
Amior, Michael; Halket, Jonathan - In: Quantitative economics : QE ; journal of the … 5 (2014) 3, pp. 631-674
Are households more likely to be homeowners when “housing risk” is higher? We show that home-ownership rates and loan … disentangle the contributions of high price levels from high volatilities by building a life-cycle model of home-ownership choices …. We find that higher price levels can explain most of the lower home-ownership. Higher risk in the model leads to slightly …
Persistent link: https://www.econbiz.de/10011757320
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Housing and debt over the life cycle and over the business cycle
Iacoviello, Matteo; Pavan, Marina - 2009
matches the wealth distribution; the age profiles of consumption, homeownership, and mortgage debt; and data on the frequency … maximum borrowing limit, and housing investment, homeownership, and household debt closely track aggregate productivity. In …
Persistent link: https://www.econbiz.de/10003906135
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Are immigrant and minority homeownership rates gaining ground in the US?
Chakrabarty, Durba; Osei, Michael J.; Winters, John V.; … - 2017
This paper investigates post-2000 trends in homeownership rates in the US by immigrant status, race, and ethnicity …. Homeownership rates for most groups examined rose during the housing boom of the early and mid-2000s but fell during and after the … housing bust. By 2015 homeownership rates had fallen below year 2000 levels for most groups but not all. In particular, some …
Persistent link: https://www.econbiz.de/10011672863
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Mortgage supply and the US housing boom : the role of the community reinvestment act
Saadi, Vahid - 2016
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
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Language proficiency and homeownership : evidence from U.S. immigrants
Luik, Marc-André; Steinhardt, Max Friedrich; Voss, Simon - 2023
and homeownership. Using an instrumental variable strategy, we find a substantial positive impact of language skills on …
Persistent link: https://www.econbiz.de/10014235116
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Social networks and housing markets
Bailey, Michael; Cao, Ruiqing; Kuchler, Theresa; … - 2016
The recent house price experiences within an individual's social network affect her perceptions of the attractiveness of property investments, and through this channel have large effects on her housing market activity. Our data combine anonymized social network information from Facebook with...
Persistent link: https://www.econbiz.de/10011476018
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Cross-sectional patterns of mortgage debt during the housing boom : evidence and implications
Foote, Christopher L.; Loewenstein, Lara; Willen, Paul - 2016 - This version: November 17, 2016
The reallocation of mortgage debt to low-income or marginally qualified borrowers plays a central role in many explanations of the early 2000s housing boom. We show that such a reallocation never occurred, as the distribution of mortgage debt with respect to income changed little even as the...
Persistent link: https://www.econbiz.de/10011562903