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…
W13-12: This paper examines the practices of investors who purchased 1-3 family residential real estate in Cuyahoga County, Ohio from financial institutions that…
There are many causes to the collapse of the housing market and the recent financial turmoil, but the contribution of the CRA appears marginal. While banks did engage in…