W13-1: With house prices falling nationally by more than 30 percent from 2006 to 2011 and foreclosures soaring, many have started to write the obituary on homeownership…
The boom and bust in nonprime and nontraditional mortgage lending in the United States is without precedent. The factors that fueled the boom and the way it unfolded sowed…
UCC08-1: Americans are no stranger to debt. In 2004, 76.4 percent of all households reported some form of borrowing. Fully 46.2 percent of all households had at least…
Eric Belsky, Zhu Xiao Di, Daniel McCue
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October 1, 2006
W06-5: This paper examines the determinants of the ownership of multiple homes and the influence of multiple-homeownership on the income elasticity of housing demand. It…
Eric Belsky, Nicolas Retsinas, Mark Duda
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September 9, 2005
W05-9: Efforts to promote low-income homeownership have intensified over the past ten years. Under both regulatory and market pressures, the mortgage finance industry…
W05-6: Homeownership has received great support from policy makers because of its perceived significant financial and social benefits for both individuals and…
J. Michael Collins, Eric Belsky, Karl Case
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February 8, 2004
BABC 04-8: This paper explores the shift of residential mortgage lending from a system where credit was rationed to prime quality borrowers to a system where subprime…
Zhu Xiao Di, Yi Yang, Xiaodong Liu
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November 30, 2003
W03-5: Housing is the cornerstone of household wealth, especially for low-income households. With the growth in the U.S. homeownership rate, housing wealth is important…
Despite an unprecedented boom in homeownership that added seven million net new owners between 1994 and 1999 and drove the homeownership rate nearly three percentage points…