Borrowing Constraints and Homeownership

Arthur Acolin, Jesse Bricker, Paul Calem and Susan Wachter

American Economic Review, 2016, vol. 106, issue 5, 625-29

Abstract: This paper identifies the impact of borrowing constraints on homeownership in the U.S. in the aftermath of the 2008 financial crisis. While homeownership declines and tightened credit are evident, the role the tightening of credit has had on the probability of individual households to become homeowners has not been previously identified. The homeownership rate in 2010-2013 is estimated to be 2.3 percentage points lower than if the constraints were set at the 2001 level.

JEL-codes: G01 G21 G28 R21 R31 (search for similar items in EconPapers)
Date: 2016
Note: DOI: 10.1257/aer.p20161084
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Citations: View citations in EconPapers (37)

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