Year Published
2003
Abstract
While there has been considerable research empirically quantifying and simulating the role
of borrowing constraints on homeownership rates, the primary focus of this work has been on
measuring the relative importance of income and wealth constraints with respect to ownership
outcomes. An important gap in the literature – the role of credit quality – has largely gone
uninvestigated. Also missing from the literature is an assessment of recent trends; that is, of the
degree to which the effects of borrowing constraints on homeownership may have changed over
the past decade.
of borrowing constraints on homeownership rates, the primary focus of this work has been on
measuring the relative importance of income and wealth constraints with respect to ownership
outcomes. An important gap in the literature – the role of credit quality – has largely gone
uninvestigated. Also missing from the literature is an assessment of recent trends; that is, of the
degree to which the effects of borrowing constraints on homeownership may have changed over
the past decade.
Research Category
Topics