Does Homeownership Provide an Escape from High Rent Burdens?
Abstract: Many first-time homebuyers—often with little savings and vulnerable to economic shocks—obtain their mortgages through the Federal Housing Authority (FHA) loan program. Often, these borrowers are moving from apartments and have presumably weighed the costs of renting versus owning.
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2021-01-05