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Persistent link: https://www.econbiz.de/10001565478
increased 1940 median home values and homeownership rates, but not new home building …
Persistent link: https://www.econbiz.de/10013139741
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
Non-occupant homeowners differ from owner occupants in that they tend to have lower-risk credit characteristics, such as higher credit scores, but may also have weaker incentives to maintain mortgage payments when housing values fall. During the recent housing boom, the share of mortgage...
Persistent link: https://www.econbiz.de/10013096503
Economic theory predicts that home ownership should have a negative effect on risk-taking in financial portfolios. However, empirical work has not found a strong relationship between housing and portfolios. We identify two reasons for the divergence between the theory and data. First, it is...
Persistent link: https://www.econbiz.de/10013038822
Persistent link: https://www.econbiz.de/10013162524
Over the past two years, the cost of housing and community amenities has been growing at a moderate rate. Due to financial problems, one in every ten households delayed paying its bills, or paid them only in part. The volume of housing and community amenities payments in arrears remained the...
Persistent link: https://www.econbiz.de/10012955637
This paper investigates the risk-return relationship in determination of housing asset pricing. In so doing, the paper evaluates behavioral hypotheses advanced by Case and Shiller (1988, 2002, 2009) in studies of boom and post-boom housing markets. The paper specifies and tests a housing asset...
Persistent link: https://www.econbiz.de/10012906155
Home prices have surged in major Chinese cities, leading to concerns of asset price bubbles and housing affordability. The policy of home purchase restrictions (HPR) has been one of China's harshest housing market interventions to squeeze out speculative demand and dampen the soaring home...
Persistent link: https://www.econbiz.de/10012945905
Cross-country differences in homeownership rates are large and persistent over time, with homeownership rates ranging … across generations-may value homeownership differently, and could thus be a driving demand factor of the homeownership … decision. To isolate the effect of cultural preferences regarding homeownership from the impact of other economic factors, we …
Persistent link: https://www.econbiz.de/10012817099