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…
Allison Charette, Chris Herbert, Andrew Jakabovics, Ellen Marya, Daniel McCue
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September 21, 2015
This report shows that the number of households spending more than 50 percent of their income on rent is expected to rise at least 11 percent from 11.8 million to 13.1…
BABC 04-6: This paper examines home purchase mortgage choice employing data from 2002. Conventional, FHA, subprime, and special programs for low-to-moderate income…