What is the microelasticity of mortgage demand to interest rates? Despite the importance of this parameter for models of monetary policy efficacy, little is known about the…
It has long been argued that promoting homeownership among low-income households is worthwhile because owned housing may be an important source of savings for these families…
J. Michael Collins, Eric Belsky, Micky Tripathi
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July 15, 1999
W99-7: This paper provides a step-by-step approach to understanding and estimating the economic benefits of helping lower-income households buy and own their first home…