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Housing price declines and household balance sheets

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Author Info

  • Olsen, Randall
  • Dunn, Lucia

Abstract

Data from a new national household survey quantify recent changes in household balance sheets and estimate the likely losses on home mortgages through June 2009. We find a fairly small fraction of high loan-to-value mortgages are at risk of default.

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File URL: http://www.sciencedirect.com/science/article/B6V84-4Y7P4GR-2/2/62dda9a4b852aca2cb28b293d773c3f5
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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 107 (2010)
Issue (Month): 2 (May)
Pages: 161-164

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Handle: RePEc:eee:ecolet:v:107:y:2010:i:2:p:161-164

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Housing market Survey data Mortgage Net worth;

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Cited by:
  1. Marianna Brunetti & Elena Giarda & Costanza Torricelli, 2012. "Is financial fragility a matter of illiquidity? An appraisal for Italian households," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 12061, Universita di Modena e Reggio Emilia, Facoltà di Economia "Marco Biagi".

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