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Life cycle patterns and boom-bust dynamics in U.S. housing prices
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.
Cite this item
Juan Carlos Hatchondo & Leonardo Martinez & Juan M. Sánchez, "Life cycle patterns and boom-bust dynamics in U.S. housing prices"
, Federal Reserve Bank of St. Louis, Economic Synopses, number 9, 2013.
Keywords: Housing - Prices ; Mortgages ; Debt
This item with handle RePEc:fip:fedles:y:2013:n:9
is also listed on EconPapers
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