Suchergebnisse
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At a time of global economic crisis, in all of the talk of a subset of that crisis, the housing boom and bust, it is easy to lose sight of the fact that the cause of that bust is so very simple. "Behind all the esoteric securities and sophisticated financial dealings are simple, monthly mortgage payments from millions of home buyers across the country." When the housing payments slowed or ...
The Vulnerability of Minority Homeowners in the Housing Boom and Bust. Patrick Bayer, Fernando Ferreira & Stephen L. Ross. Working Paper 19020. DOI 10.3386/w19020. Issue Date May 2013. Revision Date February 2015. This paper examines mortgage outcomes for a large, representative sample of individual home purchases and refinances linked to ...
8. Apr. 2010 · The large swings in aggregate household real estate wealth, combined with a wealth effect that is stronger than that found in previous studies, imply that the housing boom and bust have had a significant macroeconomic impact. From the beginning of the 2000s expansion in late 2001, increases in real estate values added an estimated $644 billion to U.S. consumption spending by the end of 2005 ...
2. März 2020 · With “2020 hindsight,” the 2000s housing cycle is not a boom-bust but a boom-bustrebound. Using a spatial equilibrium regression in which house prices are determined by income, amenities ...
We build a model of the US economy with multiple aggregate shocks that generate fluctuations in equilibrium house prices. Through counterfactual experiments, we study the housing boom-bust around the Great Recession, with three main results. First, the main driver of movements in house prices and rents was a shift in beliefs, not a change in credit conditions. Second, the boom-bust in house ...
1 The Economics of the Housing Boom 1 2 The Politics of the Housing Boom 29 3 The Housing Bust 57 4 Housing Mystiques and Housing Mistakes 96 5 The Past and the Future 136 Sources 183 Index 227. Author: AGI Created Date: 4/20/2010 8:38:13 AM ...
1. Jan. 2017 · Using data on the housing boom and bust around the US Great Recession, Kaplan et al. (2017) showed that the boom-bust cycle in housing prices explained half of the corresponding swings in non ...
