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Accounting for Changes in the Homeownership Rate

  • Matthew Chambers

    ()

    (Economics Towson University)

  • Carlos Garriga

After 40 years of stability, the homeownership rate -- a target for housing policy -- has steadily increased since 1995. We attempt to understand this increase using a quantitative model to evaluate various suggested explanations. We find that the increase can be explained by mortgage-market innovations that have reduced initial downpayments

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Paper provided by Society for Computational Economics in its series Computing in Economics and Finance 2005 with number 304.

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Date of creation: 11 Nov 2005
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Handle: RePEc:sce:scecf5:304
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