Does Homeownership Provide an Escape from High Rent Burdens?

Sam Dannels, W Frame, Kristopher Gerardi and Joseph Tracy

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: Many first-time homebuyers—often with little savings and vulnerable to economic shocks—obtain their mortgages through the Federal Housing Authority (FHA) loan program. Often, these borrowers are moving from apartments and have presumably weighed the costs of renting versus owning.

Keywords: Real Estate; Banking; Finance (search for similar items in EconPapers)
Date: 2021-01-05
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:89380

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