Initial downpayment for home ownership could prove to be a binding constraint for households aspiring to be homeowners. Households in Japan require 30 to 45% of the house value as downpayment. This not only affects their decision on the timing of homeownership but also has significant influence...

Home purchase is financed through equity and debt. Housing finance arrangements require initial downpayments and impose monthly repayments. Similar to many countries, Japanese households accumulate savings out of their current income and receive private transfers from parents or relatives. From...

Home ownership is the most desired form of housing tenure around the world for reasons of security and certainty. Owning a house presents a struggle for families virtually everywhere: for example, in Tokyo a typical house can cost around five to six times the yearly earnings of a family. Many...

Home ownership is the most desired form of housing tenure around the world for reasons of security and certainty. Owning a house presents a struggle for families virtually everywhere: for example, in Tokyo a typical house can cost around five to six times the yearly earnings of a family. Many...

The period of study, from 2000 to 2010, was a decade of turbulence in the American residential real estate market. The time period witnessed a sharp increase in property prices from 2000 to 2006 followed by a sharp decline after the 2007 sub-prime crisis in most markets in the US. The objective...