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Accounting for Changes in the Homeownership Rate

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  • Matthew Chambers

    (Economics Towson University)

  • Carlos Garriga

Abstract

After 40 years of stability, the homeownership rate -- a target for housing policy -- has steadily increased since 1995. We attempt to understand this increase using a quantitative model to evaluate various suggested explanations. We find that the increase can be explained by mortgage-market innovations that have reduced initial downpayments

Suggested Citation

  • Matthew Chambers & Carlos Garriga, 2005. "Accounting for Changes in the Homeownership Rate," Computing in Economics and Finance 2005 304, Society for Computational Economics.
    • Handle: RePEc:sce:scecf5:304
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    JEL classification:

    • E - Macroeconomics and Monetary Economics
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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