The Accuracy of Senior Households' Estimates of Home Values PDF Download
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Author: Donald R. Haurin
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
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Book Description
Using a unique dataset of more than 14,000 senior homeowners in the U.S., this study compares self-assessed home values to arm's length contemporaneous appraisals. In a sample of seniors who received counseling for a reverse mortgage, the absolute value of the assessment error averages 18.9 percent of appraised value and it is biased upwards by 13.4 percent. When adjusted to reflect the general population of seniors, the size and bias of the average error fall to 16.1 and 4.2 percent. Both the bias and the size of the error tend to be lower for households with higher income and credit scores but it is greater for black households. In our sample period of 2009-11, house prices were falling. The greater the rate of price reduction, the greater is the upward bias and size of the assessment error. When seniors who applied for a reverse mortgage learn that they overvalued their home, their probability of closing the loan falls.
Author: Donald R. Haurin
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
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Book Description
Using a unique dataset of more than 14,000 senior homeowners in the U.S., this study compares self-assessed home values to arm's length contemporaneous appraisals. In a sample of seniors who received counseling for a reverse mortgage, the absolute value of the assessment error averages 18.9 percent of appraised value and it is biased upwards by 13.4 percent. When adjusted to reflect the general population of seniors, the size and bias of the average error fall to 16.1 and 4.2 percent. Both the bias and the size of the error tend to be lower for households with higher income and credit scores but it is greater for black households. In our sample period of 2009-11, house prices were falling. The greater the rate of price reduction, the greater is the upward bias and size of the assessment error. When seniors who applied for a reverse mortgage learn that they overvalued their home, their probability of closing the loan falls.
Author: John L. Goodman
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Book Description
Author:
Publisher:
ISBN:
Category : Housing forecasting
Languages : en
Pages : 308
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Book Description
Author: United States. Federal Housing Administration. Economic and Market Analysis Division
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 320
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Book Description
Author:
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 330
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Book Description
Author: Margo J. Anderson
Publisher: CQ Press
ISBN:
Category : Education
Languages : en
Pages : 682
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Book Description
Describes the history, politics, and concepts behind the United States dicennial census.
Author:
Publisher:
ISBN:
Category : Income
Languages : en
Pages : 662
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Book Description
Author: Hathaway, Alex
Publisher: Edward Elgar Publishing
ISBN: 1800886411
Category : Business & Economics
Languages : en
Pages : 384
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Book Description
Governments have always endured economic woes, but the increasing severity of such challenges, from the Great Recession starting in 2008 to the unprecedented impact of the COVID-19 pandemic, highlights the need for better-developed fiscal analysis capacity in governments of all sizes using the most practical—yet robust—techniques available. This volume presents an array of real-world analytical approaches in a variety of service areas at the core of state and local government.
Author: Hugh Ashton
Publisher: Routledge
ISBN: 1351043048
Category : Social Science
Languages : en
Pages : 328
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Book Description
Originally published in 1952 and as a second edition in 1967 this volume provides a systematic and comprehensive account of the Basuto people and their changing culture, and reviews the developments and changes leading up to 1966 when Basutoland achieved independence as Lesotho. It describes in detail daily lives, the education and upbringing of children, initiation, marriage, economic activities and political developments within and outside the country. It includes a discussion of tribal and modern law and the workings of the courts and a study of the part played by magic and sorcery and an analysis of the motives leading to the out break of 'medicine' murders in the 1940s.
Author: Raven S. Molloy
Publisher: DIANE Publishing
ISBN: 1437987419
Category : Social Science
Languages : en
Pages : 47
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Book Description
This report reviews patterns in migration within the U.S. over the past thirty years. Internal migration has fallen noticeably since the 1980s, reversing increases from earlier in the century. The decline in migration has been widespread across demographic and socioeconomic groups, as well as for moves of all distances. Although a convincing explanation for the secular decline in migration remains elusive and requires further research, the authors find only limited roles for the housing market contraction and the economic recession in reducing migration recently. Despite its downward trend, migration within the U.S. remains higher than that within most other developed countries. Charts and tables. This is a print on demand report.
