IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-24698-0_4.html
   My bibliography  Save this book chapter

Determinants of Homeownership Rates: Housing Finance and the Role of the State

In: Housing Market Challenges in Europe and the United States

Author

Listed:
  • Elisabeth Springler
  • Karin Wagner

Abstract

The US subprime crisis of the last year led to a downturn in consumer demand and put not only the US housing finance system in severe difficulty but led also to a global financial crisis and a real economic downturn. Not only have the two major governmental agencies — Fannie Mae and Freddy Mac — counted on state bail-out, but numerous banks and industries too. Also households suffer in the current situation. RealtyTrac (2009) presented in the most recent study from February 2009 an increase in foreclosures by 6 per cent compared to January 2009 and an increase of 30 per cent compared to February 2008 (in June 2008 there was an increase of even 55 per cent year-on-year, December 2008, 41 per cent increase year-on-year).

Suggested Citation

  • Elisabeth Springler & Karin Wagner, 2009. "Determinants of Homeownership Rates: Housing Finance and the Role of the State," Palgrave Macmillan Books, in: Philip Arestis & Peter Mooslechner & Karin Wagner (ed.), Housing Market Challenges in Europe and the United States, chapter 4, pages 60-84, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24698-0_4
    DOI: 10.1057/9780230246980_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Martin Schneider & Karin Wagner, 2016. "Housing markets in Austria, Germany and Switzerland," Chapters from NBP Conference Publications, in: Hanna Augustyniak & Jacek Łaszek & Krzysztof Olszewski & Joanna Waszczuk (ed.), Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis - 2015 edition, chapter 6, pages v1, 143-1, Narodowy Bank Polski.
    2. Andrea Kunnert & Josef Baumgartner, 2012. "Instrumente und Wirkungen der österreichischen Wohnungspolitik," WIFO Studies, WIFO, number 45878, Juni.
    3. Adrienne Csizmady & József Hegedüs & Christophe André & Elisabeth Beckmann, & Antje Hildebrandt & Krisztina Jäger-Gyovai & Agnieszka Nierodka & Martin Schneider & Karin Wagner & Guenter Karl & Robert , 2016. "Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis - 2015 edition," NBP Conference Publications, Narodowy Bank Polski, number 2 edited by Hanna Augustyniak & Jacek Łaszek & Krzysztof Olszewski & Joanna Waszczuk.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-24698-0_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.