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Working Papers

Forced Sales and House Prices

Parag Pathak, John Campbell, Stefano Giglio • May 1, 2009

W09-4: This paper uses data on house transactions in the state of Massachusetts over the last 20 years to show that houses sold after foreclosure, or close in time to…
Working Papers

Refinance and the Accumulation of Home Equity Wealth

Frank Nothaft, Yan Chang • February 10, 2004

BABC 04-10: Spending financed by home equity extraction helps smooth household consumption and bolster the economy in economic downturns, but may reduce wealth…
Research Notes

The Living Arrangements of Foreign-Born Households

Nancy McArdle • March 30, 2001

Record numbers of foreign-born individuals and households currently reside in the United States, substantially affecting housing demand. As of 1998, the 11 million immigrant-…
Research Notes

Second Homes: What, How Many, Where and Who

Zhu Xiao Di, Nancy McArdle, George Masnick • February 15, 2001

This paper addresses several basic questions regarding second homes: what is or should be counted as a second home; how many second homes exist in the United States; where…