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Just Released: Is Housing a Good Investment? Where You Stand Depends on Where You Sit

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Abstract

Home price growth expectations remained stable relative to last year, according to the Federal Reserve Bank of New York’s 2018 SCE Housing Survey. Respondents expect mortgage rates to rise over the next year, and perhaps as a result, the share of owners who expect to refinance their mortgages over the next year declined slightly. In addition, homeowners view themselves as more likely to make investments in their homes, and renters’ perceived access to mortgage credit has tightened somewhat. Although the majority of households continue to view housing as a good financial investment, there are some persistent and large differences across regions in the pervasiveness of this view, as this post will discuss.

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  • Nima Dahir & Andreas Fuster & Andrew F. Haughwout & Michael Neubauer, 2018. "Just Released: Is Housing a Good Investment? Where You Stand Depends on Where You Sit," Liberty Street Economics 20180418, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87253
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    Keywords

    expectations; housing;

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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