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Discussion Paper

Estimating the importance of monetary policy shocks for variation in the U.S. homeownership rate


Abstract: Being a homeowner is one of the tenets of the American dream. In general, relative to renting, people see homeownership as a path to wealth through the usual appreciation of the house prices and the forced savings through mortgage payments but also a path to financial stability through more stable and predictable housing costs (Young et al., 2023).

https://doi.org/10.17016/2380-7172.3457

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File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/estimating-the-importance-of-monetary-policy-shocks-for-variation-in-the-u-s-homeownership-rate-20240503.html

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2024-05-03

Number: 2024-05-03-2