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Has housing affordability improved? Yes and no.
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In this paper, we analyze the borrowing behavior of Japanese households in comparison to the other Group of Seven (G7 …) countries and also broken down by the age group of the household head. We find that pre-retirement households (households with a … satisfactory. However, we also find that households with a head in the 30-39 age group have shown a sharp increase in debt holdings …
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Paper for a conference sponsored by the Federal Reserve Bank of New York entitled Financial Innovation and Monetary Transmission
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Since 1970, housing finance has undergone a radical transformation due to the securitization of mortgage loans. As the market for mortgage securities continues to grow and develop, this transformation raises a number of important public policy issues.
Persistent link: https://www.econbiz.de/10005373493
Recent evidence shows that homeownership rates among young households have declined substantially since the mid 1980s … households, such as young, married couples. …
Persistent link: https://www.econbiz.de/10005379734
refinancing, the changes in terms and conditions of mortgages after refinancing, the amount of funds homeowners raised in the …
Persistent link: https://www.econbiz.de/10005379960
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accumulated equity in their homes into spendable funds, have prompted many homeowners to refinance their mortgages. In the spring …
Persistent link: https://www.econbiz.de/10005380325
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