Journal ArticleDOI
Accessing Homeownership With Credit Constraints
TLDR
The tightening of mortgage credit in the aftermath of the global financial crisis has been identified as a factor in the decline of homeownership in the United States to 50-year lows.Abstract:
The tightening of mortgage credit in the aftermath of the global financial crisis has been identified as a factor in the decline of homeownership in the United States to 50-year lows. In this artic...read more
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Housing Finance At A Glance: A Monthly Chartbook: April 2014
TL;DR: The Housing Finance Policy Center's monthly chartbook as discussed by the authors provides timely metrics on the state of the housing market and examines public policy's role in housing finance, including a special quarterly feature on GSE loan performance and new numbers on the Federal Reserve's activity in the mortgage market.
Journal ArticleDOI
“Our Customer Is America”: Housing Insecurity and Eviction in Las Vegas, Nevada’s Postcrisis Rental Markets
Eric Seymour,Joshua Akers +1 more
TL;DR: In the wake of the foreclosure crisis, investors purchased large numbers of single-family residential properties and converted them to rentals as discussed by the authors. Activists and scholars have documented investor practices and practices.
Journal ArticleDOI
Eleven Ways Demographic and Economic Change Is Reframing American Housing Policy
John D. Landis,Vincent Reina +1 more
TL;DR: In this article, the authors identify 11 contemporary housing market and policy trends that will frame the next 10 years of federal housing policy, and review the relevant numbers before summaries before summari...
Journal ArticleDOI
Simulating the Change in Young Adult Homeownership Through 2035: Effects of Growing Diversity and Rising Educational Attainment
TL;DR: In this paper, the authors highlight the scope of public policy and demographic change for the future path of homeownership and review the literature on the scope and impact of certain policy changes.
Posted Content
Endowments and Minority Homeownership
TL;DR: The authors identified the extent to which group differences in household endowments account for persistently low minority homeownership levels, using data from the 1989, 2005 and 2013 American Housing Surveys.
References
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Posted ContentDOI
Credit Rationing in Markets with Imperfect Information.
Joseph E. Stiglitz,Andrew Weiss +1 more
TL;DR: In this paper, a model is developed to provide the first theoretical justification for true credit rationing in a loan market, where the amount of the loan and amount of collateral demanded affect the behavior and distribution of borrowers, and interest rates serve as screening devices for evaluating risk.
Journal ArticleDOI
Household Balance Sheets, Consumption, and the Economic Slump*
Atif Mian,Kamalesh Rao,Amir Sufi +2 more
TL;DR: In this article, the authors use the highly unequal geographic distribution of wealth losses across the United States to estimate a large elasticity of consumption with respect to housing net worth of 0.6 to 0.8, which soundly rejects the hypothesis of full consumption risk sharing.
Journal ArticleDOI
Owner-Occupied Housing as a Hedge Against Rent Risk
TL;DR: The authors found that even though house price risk endogenously increases with rent risk, the latter empirically dominates for most households so housing market risk actually increases homeownership rates and house prices.
Journal ArticleDOI
The social and private micro-level consequences of homeownership
Robert D. Dietz,Donald R. Haurin +1 more
TL;DR: This article reviewed the literature that describes the micro-level economic and social consequences of homeownership and found that much of the past 30-year's literature on consequences of homeowning is deficient from a theoretical or econometric perspective.