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Calza, Alessandro; Monacelli, Tommaso; Stracca, Livio - 2021

main facts: first, the features of residential mortgage markets differ markedly across industrialized countries; second … house prices is significantly stronger in those countries with larger flexibility/development of mortgage markets; third …, the transmission to consumption is stronger only in those countries where mortgage equity release is common and mortgage …

Persistent link: https://www.econbiz.de/10013316354

The impact of the minimum housing scale constraint on life-cycle risky asset and housing investment

He, Zhechun; Simmons, Peter J. - In: Journal of housing economics 55 (2022), pp. 1-16

Persistent link: https://www.econbiz.de/10013264968

How Do Foreclosures Exacerbate Housing Downturns?

Guren, Adam M. - 2019

This paper uses a structural model to show that foreclosures played a crucial role in exacerbating the recent housing bust and to analyze foreclosure mitigation policy. We consider a dynamic search model in which foreclosures freeze the market for non-foreclosures and reduce price and sales...

Persistent link: https://www.econbiz.de/10012480160

Lender-specific mortgage supply shocks and macroeconomic performance in the United States

Bremus, Franziska; Krause, Thomas; Noth, Felix - 2021

This paper provides evidence for the propagation of idiosyncratic mortgage supply shocks to the macroeconomy. Based on … micro-level data from the Home Mortgage Disclosure Act for the 1990-2016 period, our results suggest that lender …-specific mortgage supply shocks affect aggregate mortgage, house price, and employment dynamics at the regional level. The larger the …

Persistent link: https://www.econbiz.de/10012485491

Hot property : the housing market in major cities

Nijskens, Rob (ed.); Lohuis, Melanie (ed.); … - High-Level Seminar on the Housing Market in Major … - 2019 - 1st ed. 2019

revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and …

Persistent link: https://www.econbiz.de/10012398586

House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis

Mian, Atif R. - 2009

Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing against the increase in home equity by existing homeowners is responsible for a significant fraction of both the sharp rise in U.S. household leverage from 2002 to 2006 and the increase in...

Persistent link: https://www.econbiz.de/10012463368