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…
Ellen Seidman, Jennifer Tescher
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February 4, 2004
BABC 04-4: The paper argues that five factors have contributed to narrowing the gap between supply and demand: technological advances that lower costs and expand…
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…