Recent trends in homeownership
AbstractThe homeownership rate began to trend upward in 1995 after years of being relatively constant, near 64 percent. This article describes recent changes in the share of U.S. housing that is owner-occupied and explores the reasons for the surprising rise over the past decade. Explanations that have been offered include demographics, low mortgage rates, changes in housing policy, and innovations in the mortgage financial market. Of all these explanations, the most plausible one is that innovations in the financial markets increased access to mortgage finance, mainly by reducing downpayment constraints and allowing younger people to buy homes.
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Bibliographic InfoArticle provided by Federal Reserve Bank of St. Louis in its journal Review.
Volume (Year): (2006)
Issue (Month): Sep ()
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- Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2007.
"Accounting for changes in the homeownership rate,"
2007-21, Federal Reserve Bank of Atlanta.
- Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2009. "Accounting For Changes In The Homeownership Rate," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(3), pages 677-726, 08.
- Matthew Chambers & Carlos Garriga, 2005. "Accounting for Changes in the Homeownership Rate," Computing in Economics and Finance 2005 304, Society for Computational Economics.
- Yoshiro Miwa & Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2004. "Accounting for Changes in the Homeownership Rate," CIRJE F-Series CIRJE-F-312, CIRJE, Faculty of Economics, University of Tokyo.
- Matthew Chambers & Carlos Garriga & Don Schlagenhauf, 2007. "Accounting for changes in the homeownership rate," Working Papers 2007-034, Federal Reserve Bank of St. Louis.
- Souphala Chomsisengphet & Anthony Pennington-Cross, 2006. "The evolution of the subprime mortgage market," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 31-56.
- Khalid Sekkat & Ariane Szafarz, 2009.
Working Papers CEB
09-006.RS, ULB -- Universite Libre de Bruxelles.
- Anagnostopoulos, Alexis & Atesagaoglu, Orhan Erem & Carceles-Poveda, Eva, 2013.
"Skill-biased technological change and homeownership,"
Journal of Economic Dynamics and Control,
Elsevier, vol. 37(12), pages 3012-3033.
- Alexis Anagnostopoulos & Orhan Erem Atesagaoglu & Eva Carceles-Poveda, 2012. "Skill-Biased Technological Change and Homeownership," Department of Economics Working Papers 12-09, Stony Brook University, Department of Economics.
- Orhan Erem Atesagaoglu & Eva Carceles-Poveda & Alexis Anagnostopoulos, 2011. "Skill-Biased Technological Change and Homeownership," 2011 Meeting Papers 1183, Society for Economic Dynamics.
- Cho, Sang-Wook (Stanley) & Francis, Johanna L., 2011.
"Tax treatment of owner occupied housing and wealth inequality,"
Journal of Macroeconomics,
Elsevier, vol. 33(1), pages 42-60, March.
- Sang-Wook Stanley Cho & Johanna Francis, 2008. "Tax Treatment of Owner Occupied Housing and Wealth Inequality," Fordham Economics Discussion Paper Series dp2008-17, Fordham University, Department of Economics.
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