Estimating the Importance of Monetary Policy Shocks for Variation in the U.S. Homeownership Rate
Posted: 14 May 2024
Date Written: May, 2024
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).
Suggested Citation: Suggested Citation
Dias, Daniel A. and Duarte, João B., Estimating the Importance of Monetary Policy Shocks for Variation in the U.S. Homeownership Rate (May, 2024). FEDS Notes No. 2024-05-03-2, Available at SSRN: https://ssrn.com/abstract=4824701 or http://dx.doi.org/10.17016/2380-7172.3457
Daniel A. Dias (Contact Author)
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
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