Influences on Housing Satisfaction of Multifamily Housing Renter Households in the U.S. Metropolitan Statistical Areas

Estimating Housing Price Indices for Small Metropolitan Areas (SMSAs)

In an economy that proved to be highly sensitive to housing prices fluctuations it is at least intriguing why the U.S. has accurate housing price indices for the top 20 Metropolitan Statistical Areas (MSAs) only. This is an important informational gap since in most the states, housing sales in Small Metropolitan Statistical Areas (SMSAs) account for at least 30% of the total state sales. This p...

The Composition of Metropolitan Employment and the Correlation of Housing Prices Across Metropolitan Areas

The variation in default rates by region is quite substantial. Default rates in the Northcentral states were about five times as large as default rates in the Southeastern states. These differences reflect the credit rate risk associated with the real estate markets in each of the regions, the fortunes of the regional economies, and the loan-tovalue ratios and ages of the mortgages.” Quigley an...

Housing aspirations of Australian households

Houses, Apartments and Condos: The Governance of Multifamily Housing

In the U.S., homeownership is strongly correlated with the type of building that households occupy. Data from the national American Housing Survey (AHS) indicate that 83 percent of occupied single-family, detached housing in the U.S. is owner-occupied while only 12 percent of units in multifamily buildings are owner-occupied. This paper fills a gap in the homeownership literature by considering...

Exploring Metropolitan Housing Price Volatility

This paper uses MSA level data and a panel VAR model to analyze the dynamic determination and impact of the volatility of single-family home value appreciation. We find that the volatility can be magnified by an exogenous increase in the home appreciation rate, responds to changes in the population growth rate, and is serially correlated. Moreover, an exogenous increase in the volatility increa...