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Barriers to homeownership have traditionally been an important research and policy issue. In particular, the role of … income uncertainty and credit constraints exert a significant negative effect on the probability of homeownership. Our main …
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We investigate the socio-economic determinants of mortgage delinquency in 12 EU countries and observe that income volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher-income profiles if volatility in income is high enough. From this...
Persistent link: https://www.econbiz.de/10010262138
homeownership experience high parental voting turnout in elections. We also investigate whether homeownership influences the … associations between homeownership and state-ownership rates and outcome variables. Our findings show no discernible effect of … homeownership on parental voting turnout in school elections after controls are added (contrary to the simple positive association …
Persistent link: https://www.econbiz.de/10010286880
homeownership experience during the recent housing boom and housing bust was not homogenous across all groups in the U.S. The recent … deterioration of underwriting practices and a boom in mortgage lending did not benefit minorities and immigrant homeownership in the … U.S. Blacks experienced significantly lower increase in homeownership than the whites but highest exit from …
Persistent link: https://www.econbiz.de/10010291348
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below and sometimes at the...
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