Life cycle patterns and boom-bust dynamics in U.S. housing prices
Abstract: Home equity did not increase much for households younger than 35 years of age between 1998 and 2007 because the increase in house prices was offset by an equivalent increase in mortgage debt.
File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/13/ES_9_2013-03-22.pdf
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2013Order Number: 9