FHA Mortgage Discount Points, House Prices and Consumer Behavior
The allocation of FHA discount points between buyers and sellers has recently been the subject of empirical investigation. The research reported here examines this relationship in more detail. Regression equations were estimated for separate price categories of housing using dummy variables for the number of discount points being charged. Separate equations were also estimated for periods when points were rising and when they were falling. The results essentially are that sellers attempt to shift all of the discount points to buyers and frequently are successful. However, in certain situations the points are shared between buyers and seller. Copyright American Real Estate and Urban Economics Association.
Year of publication: |
1979
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Authors: | Guntermann, Karl L. |
Published in: |
Real Estate Economics. - American Real Estate and Urban Economics Association - AREUEA. - Vol. 7.1979, 2, p. 163-176
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Publisher: |
American Real Estate and Urban Economics Association - AREUEA |
Saved in:
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