The system of sector housing investment and finance that has evolved in the United States has long had a powerful influence on the costs, type, and location of housing, given…
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…
Alexander von Hoffman, Eric Belsky, James DeNormandie, Rachel G. Bratt
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June 1, 2004
W04-5: This paper was prepared to provide background information for a conference sponsored by the Neighborhood Reinvestment Corporation entitled The Vitality of America…