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The present report presents new historical data based on country comparisons and research results regarding rent control and its long-term effect on the home ownership rate in 27 countries. Policy measures of rent control, protection against eviction, and housing space management have been...
Persistent link: https://www.econbiz.de/10012110819
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
chronic problem in urban areas. Governments try to alleviate it by stimulating homeownership among middle-income households … conclude from our empirical analysis that governmental policy indeed positively affects homeownership rates and social housing …
Persistent link: https://www.econbiz.de/10012816007
Wohneigentumsquote beigetragen haben. Wohneigentum ist also mitunter eher indirekt durch budgetneutrale Mietregulierungen als durch die …Using new data on the rent control, tenant protection and housing rationing as well as homeownership rates from 25 … housing have contributed to the rise of homeownership. Originally passed as social policy to protect a considerable share of …
Persistent link: https://www.econbiz.de/10012120335
Persistent link: https://www.econbiz.de/10012211526
meltdown in homeownership. We point to agency and information problems in the mortgage origination and securitization market … dynamics and excessive volatility undermine the objective of sustainable homeownership. This requires attention from …
Persistent link: https://www.econbiz.de/10013115541
In this paper I describe a methodology for pricing a set of contingent claims on the value of residential real estate. At least two such contracts are currently offered on owner-occupied single family homes and others have been proposed. I describe how to price these particular contracts, which...
Persistent link: https://www.econbiz.de/10013039196
We show that a regulatory disclosure of hidden debt eliminated a large mispricing in housing. In a setting where homebuyers must combine several sources of debt, they are biased towards hidden loans, especially if they are young, or have no experience in financial investments or home...
Persistent link: https://www.econbiz.de/10013001909
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
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/10011568674