Corpus ID: 44505646

The Impact of Interest Rates on House Prices and Housing Demand : Evidence from a Quasi-Experiment

@inproceedings{Davis2017TheIO,
  title={The Impact of Interest Rates on House Prices and Housing Demand : Evidence from a Quasi-Experiment},
  author={M. Davis},
  year={2017}
}
  • M. Davis
  • Published 2017
  • Federal housing policy actively promotes homeownership by subsidizing the cost of home mortgage debt and by guaranteeing many mortgages to households with low down payments or low credit scores. In this paper, we exploit a quasi-experiment – the Federal Housing Administration’s (FHA’s) surprise 50 basis point cut to its mortgage insurance premium in January 2015 – to provide evidence on the impact of government policy on housing demand for a population of households likely to be influenced by… CONTINUE READING
    1 Citations
    The Capitalization of Consumer Financing into Durable Goods Prices
    • 7
    • Highly Influenced
    • PDF

    References

    SHOWING 1-7 OF 7 REFERENCES
    Disaggregation of 2015 Increase in FHA First-Time Buyer Volume, by Scenario
    • 2015
    The Effect of Interest Rates on Home Buying: Evidence from a Discontinuity in Mortgage Insurance Premiums, " Finance and Economics Discussion Series 2017-086
    • RINGO
    • 2017