Academics have proposed hybrid products with equity features for the financing of housing. In spite of their risk-sharing benefits these products have not become mainstream. This paper studies an important exception, a UK government scheme which in the five years since its inception has provided...

In the wake of the financial crisis, mortgage lending to lower-income and minority borrowers overcorrected and has not recovered. While homeownership is a riskier investment than previously realized, still it remains a proven path to increased wealth on balance for lower-income households. There...

Houses on streets with names that honor the Confederacy sell for 3% less than other similar nearby houses. The effect is concentrated outside the South and in regions with greater Black populations and more left-leaning voters, and it increases following attention-grabbing events that highlight...

We examine the long-term effects of a 1998-2003 randomized experiment in Tulsa, Oklahoma with Individual Development Accounts that offered low-income households 2:1 matching funds for housing down payments. Prior work shows that, among households who rented in 1998, homeownership rates increased...

This study examines the effect of drought on housing and residential land prices in Iran. Using panel data covering the 2006–2015 period for 31 provinces of Iran and applying a dynamic system and the difference Generalized Methods of Moments (GMM) methods, we find that an increase in the...

This study demonstrates an economic consequence of climate change and water crises in Iran. It examines the effect of drought on housing prices, residential land prices, and housing rents in Iran. Using data from provinces of Iran from 1993 to 2015 and applying static and dynamic panel fixed...

This paper uses the 2008 Wenchuan earthquake in China as a natural experiment to examine how the housing market reacted to this unforeseen, extreme event. We use a unique transaction dataset for new (under construction) apartment units to analyze the pricing behavior of units in lower versus...

Land subsidence which is primarily driven by water management practices and enhanced by increasing droughts is a growing global concern that affects the environment, infrastructure, and housing. In the Netherlands, subsidence damages houses and their foundations, resulting in high costs of...

Economic theory and extant research suggest that flood prone properties should attract a discount. This concept can be extended to properties affected by future sea level rise but there is limited information for purchasers to judge and make informed decisions about their investment. Using a...

Land subsidence which is primarily driven by water management practices and enhanced by increasing droughts is a growing global concern that affects the environment, infrastructure, and housing. In the Netherlands, subsidence damages houses and their foundations, resulting in high costs of...