Barakova, Irina; Calem, Paul S.; Wachter, Susan M. - In: Journal of Housing Economics 24 (2014) C, pp. 4-20
The impact of borrowing constraints on homeownership has been well established in the literature. Wealth is most likely … to restrict homeownership followed by credit and income. Using recent movers from the 1979 National Longitudinal Survey … on the probability of homeownership during the housing market boom between 2003 and 2007. We show that whereas the pool …