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Author: Maria Concetta Chiuri
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 48
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Book Description
Author: Maria Concetta Chiuri
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 48
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Book Description
Author: Maria Concetta Chiuri
Publisher:
ISBN:
Category :
Languages : en
Pages : 31
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Book Description
We explore the determinants of the distribution of owner occupancy rates across age groups using a collection of microeconomic data on fourteen OECD countries. In most, the survey is repeated over time. This allows us to construct an international dataset, merging data on 39 national household surveys with aggregate data on down payment ratios. We find strong evidence that the availability of mortgage finance - as measured by down payment ratios - affects the distribution of owner occupancy rates across age groups, especially at the young end. The results are consistent with previous theoretical models and have important implications for the debate on the relation between saving and growth.
Author: Susan I. Ranney
Publisher:
ISBN:
Category : House buying
Languages : en
Pages : 338
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Book Description
Author: Jorge H. Ruiz Menjivar
Publisher:
ISBN:
Category :
Languages : en
Pages : 75
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Book Description
Homeownership is one of the most common financial aspirations of households in the United States. It has historically been an integral part of the so-called "American dream" (Bostic, Calem & Wachter, 2004). Numerous studies outline the associated positive externalities to homeownership (Glaeser & Sacerdote 2000; Glaeser & Shapiro 2003); and as a result of these multifaceted benefits, policy makers and academicians have paid careful attention to its determinants. The present study employs the 2010 Survey of Consumer Finances (SCF) to explore the relationship of housing market bar-riers and the likelihood of homeownership utilizing the Modligiani's life cycle hypothesis under the assumption of a non-frictionless market. Binomial logistic regression is used to survey the impact of the following: information asymmetry, borrowing constraints, structural barriers, housing tax preferential treatments and time preference on the prob-ability of being a homeowner. Important implications derived from this study, as it re-lates to the notion of household life cycles, might benefit multiple interested parties such as financial planners and housing professionals who are rendering recommendations to their clients, educators and researchers assisting the public in making informed choices, and governmental policymakers attempting to secure the financial well-being and inter-ests of households.
Author: Franklin Allen
Publisher: Pearson Prentice Hall
ISBN: 0137011601
Category : Business & Economics
Languages : en
Pages : 214
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Book Description
Explains the financial history leading to the mortgage meltdown and assesses today's housing finance systems in the United States and abroad.
Author: Eric S. Belsky
Publisher: Brookings Institution Press
ISBN: 0815725655
Category : Business & Economics
Languages : en
Pages : 497
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Book Description
A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication The ups and downs in housing markets over the past two decades are without precedent, and the costs—financial, psychological, and social—have been enormous. Yet Americans overwhelmingly still aspire to homeownership, and many still view access to homeownership as an important ingredient for building wealth among historically disadvantaged groups. This timely volume reexamines the goals, risks, and rewards of homeownership in the wake of the housing bubble and subprime lending crisis. Housing, real estate, and finance experts explore the role of government in supporting homeownership, deliberate how homeownership can be made more sustainable, and discuss how best to balance affordability, access, and risk, particularly for minorities and low income families. Contributors: Eric S. Belsky (JCHS); Raphael W. Bostic (University of Southern California); Mark Calabria (Cato Institute); Kaloma Cardwell (University of California, Berkeley); Mark Cole (Hope LoanPort); J. Michael Collins (University of Wisconsin– Madison); Marsha J. Courchane (Charles River Associates); Andrew Davidson (Andrew Davidson and Co.); Christopher E. Herbert (JCHS); Leonard C. Kiefer (Freddie Mac); Alex Levin (Andrew Davidson and Co.); Adam J. Levitin (Georgetown University Law Center); Mark R. Lindblad (University of North Carolina at Chapel Hill); Jeffrey Lubell (Abt Associates); Patricia A. McCoy (University of Connecticut School of Law); Daniel T. McCue (JCHS); Jennifer H. Molinsky (JCHS); Stephanie Moulton (Ohio State University); john a. powell (University of California–Berkeley); Roberto G. Quercia (University of North Carolina at Chapel Hill); Janneke H. Ratcliffe (University of North Carolina); Carolina Reid (University of California–Berkeley); William M. Rohe (University of North Carolina at Chapel Hill); Rocio Sanchez-Moyano (JCHS); Susan Wachter (University of Pennsylvania); Peter M. Zorn (Freddie Mac)
Author: Mr.Eugenio Cerutti
Publisher: International Monetary Fund
ISBN: 1513552074
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
The recent global crisis highlighted the risks stemming from real estate booms. This has generated a growing literature trying to better understand the sources and the risks associated with housing and credit booms. This paper complements and supplements the previous work by (i) exploiting more disaggregated data on credit allowing us to dissociate between firm-credit and household (and in some cases mortgage) credit, and (ii) by taking into account the characteristics of the mortgage market, including institutional as well as other factors that vary across countries. This detailed cross-country analysis offers new valuable insights.
Author: Roberto G. Quercia
Publisher: Rowman & Littlefield
ISBN: 0815721730
Category : Business & Economics
Languages : en
Pages : 178
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Book Description
Millions of Americans have lost their homes since the start of the recession initiated by the financial crisis of 2008–09. But is the dream of homeownership for America's working families obsolete, an aspiration from a bygone era? Regaining the Dream rejects that notion and proposes a way to strengthen the financial system while simultaneously promoting an equitable and viable American homeownership policy. For the first time, the authors of Regaining the Dream offer data-driven evidence on how the mortgage industry can serve working families in the United States, pointing the way to a pragmatic housing policy that promotes the opportunity for sustainable homeownership. Taking the reader step by step through the lending crisis and what caused it, the authors include useful and clear definitions of terms heard almost daily in news coverage. And they give a fair account of the history behind Fannie Mae and Freddie Mac and the new Dodd-Frank law, explaining what remains to be done to uphold one of the defining characteristics of the American dream.
Author: Nicolas P. Retsinas
Publisher: Brookings Institution Press
ISBN: 9780815706038
Category : Political Science
Languages : en
Pages : 524
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Book Description
A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication A generation ago little attention was focused on low-income homeownership. Today homeownership rates among under-served groups, including low-income households and minorities, have risen to record levels. These groups are no longer at the margin of the housing market; they have benefited from more flexible underwriting standards and greater access to credit. However, there is still a racial/ethnic gap and the homeownership rates of minority and low-income households are still well below the national average. This volume gathers the observations of housing experts on low-income homeownership and its effects on households and communities. The book is divided into five chapters which focus on the following subjects: homeownership trends in the 1990s; overcoming borrower constraints; financial returns to low-income homeowners; low-income loan performance; and the socioeconomic impact of homeownership.
Author: Kent W. Colton
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 52
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Book Description
