Who Buys Homes when Prices Fall?

Publikation: KonferencebidragPaperForskningpeer review

Abstrakt

We study the transition to and from homeownership under the recent housing market bust using detailed micro-level data covering the entire Danish population. We document that after controlling for various sociodemographic and market characteristics, younger households reduced their likelihood to acquire homeownership during the bust more than other households. Similarly, younger households increased their likelihood to abandon homeownership during the bust more than other households. This pattern is likely to have contributed to a significant inter-generational shift in homeownership from younger to older households.
OriginalsprogEngelsk
Publikationsdato2020
Antal sider42
StatusUdgivet - 2020
BegivenhedThe 49th AREUEA-ASSA Conference 2014 - Philadelphia, PA, USA
Varighed: 3 jan. 20145 jan. 2014
Konferencens nummer: 49
https://www.areuea.org/conferences/details.phtml?id=95

Konference

KonferenceThe 49th AREUEA-ASSA Conference 2014
Nummer49
LandUSA
ByPhiladelphia, PA
Periode03/01/201405/01/2014
AndetIncl. joint sessions with the American Economic Association (AEA) and with the American Finance Association (AFA)
Internetadresse

Emneord

  • Household finance
  • Real estate finance
  • Housing market bust
  • Demand for homeownership

Citationsformater

Fischer, M., Khorunzhina, N., & Marx, J. (2020). Who Buys Homes when Prices Fall?. Paper præsenteret på The 49th AREUEA-ASSA Conference 2014, Philadelphia, PA, USA. https://www.aeaweb.org/conference/2020/preliminary/paper/hiKkR9TQ