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Tracking and stress-testing U.S. household leverage
Fuster, Andreas; Guttman-Kenney, Benedict; Haughwout, Andrew - 2016
Borrowers' housing equity is an important component of their wealth and a critical determinant of their vulnerability to shocks. In this paper, we create a unique data set that allows us to provide a comprehensive look at the ratio of housing debt to housing values - what we refer to as...
Persistent link: https://www.econbiz.de/10011523769
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Non-Primary Home Buyers, Shadow Banking, and the US Housing Market
Alter, Adrian; Dernaoui, Zaki - 2021
This paper studies the US housing market using a proprietary and comprehensive dataset covering nearly 90 million residential transactions over 1998-2018. First, we document the evolution of different types of investment purchases such as those conducted by short-term buyers, out-of-state...
Persistent link: https://www.econbiz.de/10013315117
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Mortgage supply and the US housing boom : the role of the community reinvestment act
Saadi, Vahid - 2016
points increase in annual growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census tracts relative to a … the CRA, however, do not show any change in their mortgage supply between these two types of census tracts after 1998. I … take advantage of this exogenous shift in mortgage supply within an instrumental variable framework to identify the causal …
Persistent link: https://www.econbiz.de/10011570577
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Tracking and Stress-Testing U.S. Household Leverage
Fuster, Andreas - 2018
Housing equity is an important component of borrowers' wealth and a critical determinant of their vulnerability to shocks. In this article, the authors use a unique, newly created data set to analyze the evolution of household leverage—defined here as the ratio of housing debt to housing...
Persistent link: https://www.econbiz.de/10012910444
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Tracking and Stress-Testing U.S. Household Leverage
Fuster, Andreas - 2017
Borrowers' housing equity is an important component of their wealth and a critical determinant of their vulnerability to shocks. In this paper, we create a unique data set that enables us to provide a comprehensive look at the ratio of housing debt to housing values—what we refer to as...
Persistent link: https://www.econbiz.de/10012968500
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Mortgage supply and the US housing boom : the role of the Community Reinvestment Act
Saadi, Vahid - 2016 - This version: October 2016
points increase in annual growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census tracts relative to a … the CRA, however, do not show any change in their mortgage supply between these two types of census tracts after 1998. I … take advantage of this exogenous shift in mortgage supply within an instrumental variable framework to identify the causal …
Persistent link: https://www.econbiz.de/10011568674
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Mortgage supply and the US Housing boom : the role of the Community Reinvestment Act
Saadi, Vahid - 2018
enhancement in CRA enforcement in 1998 increased the growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census … in mortgage supply of regulated banks. Consequently, these census tracts experienced a worse housing bust. I find that …
Persistent link: https://www.econbiz.de/10012065070
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Mortgage supply and the US Housing boom : the role of the Community Reinvestment Act
Saadi, Vahid - 2019 - This version: October 2019
enhancement in CRA enforcement in 1998 increased the growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census … in mortgage supply of regulated banks. Consequently, these census tracts experienced a worse housing bust. I find that …
Persistent link: https://www.econbiz.de/10012122488
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Institutional investors and the U.S. housing recovery
Lambie-Hanson, Lauren; Li, Wenli; Slonkosky, Michael - 2019
mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using … declines in the homeownership rates …
Persistent link: https://www.econbiz.de/10012197788
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Shifting confidence in homeownership : the great recession
Bracha, Anat; Jamison, Julian C. - 2012 - This version: June 26, 2012
commuting, and about how much to spend on a mortgage. By matching the results to data (at the ZIP-code level) about relative … attitudes of individual consumers. They find that younger respondents are relatively less confident about homeownership after … commuting, and they find that people who live in the high-decline areas believe it is appropriate to spend more on a mortgage. …
Persistent link: https://www.econbiz.de/10009564354