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

Nima Dahir, Andreas Fuster, Andrew Haughwout and Michael Neubauer

No 20180418, Liberty Street Economics from Federal Reserve Bank of New York

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.

Keywords: expectations; housing (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2018-04-18
New Economics Papers: this item is included in nep-ure
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