Post by Hope on Oct 6, 2007 0:32:20 GMT -5
Accounting for Changes in the Homeownership Rate "After three decades of being relatively constant, the homeownership rate increased over the 1994–2005 period to attain record highs. The objective of this paper is to account for the observed boom in ownership by examining the role played by changes in demographic factors and innovations in the mortgage market that lessened down payment requirements."