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Exploring affordability in the Irish housing market

Corrigan, Eoin; Foley, Daniel; McQuinn, Kieran; … - 2018

This paper examines housing affordability in Ireland by looking at the distribution of housing costs across households. Using microdata from the SILC survey over the period 2005-2015, the contribution of this paper is threefold. First, the paper considers the trends in the cost of housing in...

Persistent link: https://www.econbiz.de/10011862979

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

Homeowners' financial vulnerability over the house price cycle

Tarne, Ruben - 2022

This paper investigates the dynamics of financial vulnerability of indebted homeowners over the housing cycle with an agent-based housing market model. The model is calibrated using UK micro data. I find that financial vulnerability is driven by previous period house purchases and by dissaving...

Persistent link: https://www.econbiz.de/10013466737

Debt, Jobs, or Housing : What's Keeping Millennials at Home?

Bleemer, Zachary - 2014

of roommates. Coupledom, however, appears stable. Homeownership at age thirty shows a precipitous drop following the …

Persistent link: https://www.econbiz.de/10013043487

Housing collateral and home-equity extraction

Hviid, Simon Juul; De Stefani, Alessia - 2019

prices on expenditure is entirely driven by home-equity extraction. Our results indicate that the mortgage system plays an …

Persistent link: https://www.econbiz.de/10011974818

Housing Wealth Effects and Mortgage Borrowing. The Effect of Subjective Unanticipated Changes in Home Values on Home Equity. Extraction in Denmark

Leth‐Petersen, Søren - 2019

In this paper we examine whether changes in home values drive mortgage-based equity extraction. To do this we use … information about mortgage borrowing as well as savings in various financial instruments. We find that the marginal propensity to … increase mortgage debt is 2-5 percent of unanticipated home value gains. We find no adjustment to other components of the …

Persistent link: https://www.econbiz.de/10012862970

Housing Prices, Household Debt and Household Consumption

Atalay, Kadir - 2017

This research investigated the relationship between increasing housing prices (or housing wealth) and the increased consumption expenditure of households from before the GFC and afterwards. The analysis revealed that following the GFC, old and middle-aged households showing slightly lower...

Persistent link: https://www.econbiz.de/10012954616

The Impact of Housing Credit on Personal Bankruptcy

Agarwal, Sumit - 2017

We use a linked housing transaction dataset and a personal bankruptcy dataset to study the impact of housing credit on personal bankruptcy in Singapore. Using a difference-in-differences (DD) approach, we find that an increase in housing credit increases the monthly instalment by 560-900...

Persistent link: https://www.econbiz.de/10012971935

Liquidity Constraints, Home Equity and Residential Mortgage Losses

Do, Hung Xuan - 2018

) using the quarterly U.S. residential mortgage loan-level data observed from Q2 2005 to Q1 2015. We define defaulted loans … separate cure and non-cure loans in mortgage loss risk models …

Persistent link: https://www.econbiz.de/10012935614

Consumer Ruthlessness and Mortgage Default During the 2007 to 2009 Housing Bust

Bhutta, Neil - 2017

From 2007 to 2009 U.S. house prices plunged and mortgage defaults surged. While ostensibly consistent with widespread … “ruthless default,” analysis of detailed mortgage and house price data indicates that borrowers do not walk away until they are …

Persistent link: https://www.econbiz.de/10012976495