Who Buys Homes when Prices Fall?

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

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.
Original languageEnglish
Publication date2020
Number of pages42
Publication statusPublished - 2020
EventThe 49th AREUEA-ASSA Conference 2014 - Philadelphia, PA, United States
Duration: 3 Jan 20145 Jan 2014
Conference number: 49
https://www.areuea.org/conferences/details.phtml?id=95

Conference

ConferenceThe 49th AREUEA-ASSA Conference 2014
Number49
CountryUnited States
CityPhiladelphia, PA
Period03/01/201405/01/2014
OtherIncl. joint sessions with the American Economic Association (AEA) and with the American Finance Association (AFA)
Internet address

Keywords

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

Cite this

Fischer, M., Khorunzhina, N., & Marx, J. (2020). Who Buys Homes when Prices Fall?. Paper presented at The 49th AREUEA-ASSA Conference 2014, Philadelphia, PA, United States.