Dai, Wenqian; Yang, Ying - In: International Journal of Social Science Studies 2 (2014) 4, pp. 40-54
From 2001 to 2005 the American housing market witnessed a housing bubble with rising housing prices and home ownership rates. Home equity that constitutes a large share of net worth for most families increases also during this housing bubble. This paper examines the degree to which the overall...
