Estimating the importance of monetary policy shocks for variation in the U.S. homeownership rate

Daniel Dias and Joao Duarte

No 2024-05-03-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Being a homeowner is one of the tenets of the American dream. In general, relative to renting, people see homeownership as a path to wealth through the usual appreciation of the house prices and the forced savings through mortgage payments but also a path to financial stability through more stable and predictable housing costs (Young et al., 2023).

Date: 2024-05-03
New Economics Papers: this item is included in nep-ban, nep-cba, nep-mon and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2024-05-03-2

DOI: 10.17016/2380-7172.3457

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