This paper examines how family housing wealth affects homeownership transitions during divergent periods of credit access. I use matched parent-child data from the Panel Study of Income Dynamics, and exploit variation across local housing markets, as well as the recent housing cycle, to assess...

Housing affordability is a key policy concern and an important factor in fostering sustainable homeownership. Housing costs in turn are a critical contributor to affordability. In this paper, we focus on the different components of housing costs to show the contribution of each expense to...