论文信息 - Financing and House Prices

Financing and House Prices

Recent empirical evidence on the effect of below-market financing on house prices has suffered from estimation and interpretation problems. In this paper, a methodology is developed to solve these problems. Using data for mortgage revenue bonds, the methodology is tested with results indicating that all financing subsidy is capitalized into house prices.

John D. Benjamin | C. Sirmans | J. Sa-Aadu

[1] E. Mills. Has the United States overinvested in housing , 1987 .

[2] Kevin M. Murphy,et al. Estimation and Inference in Two-Step Econometric Models , 1985 .

[3] J. Quigley,et al. ON THE DISTRIBUTIONAL IMPLICATIONS OF MORTGAGE REVENUE BONDS AND CREATIVE FINANCE , 1983, National Tax Journal.

[4] Terrence M. Clauretie. A Note on the Bias in House Price Capitalization Models , 1983 .

[5] The Effect of Mortgage Rate Buydowns on Housing Prices , 1983 .

[6] C. Sirmans,et al. Assumption Financing and Selling Price of Single-Family Homes , 1982, Journal of Financial and Quantitative Analysis.

[7] Kenneth T. Rosen. Creative Financing and House Prices: A Study of Capitalization Effects , 1982 .

[8] M. Davies. Mitral valve in secundum atrial septal defects. , 1981, British heart journal.

[9] William B. Brueggeman,et al. Discount Points and Housing Prices: A Reply , 1979 .

[10] C. F. Sirmans,et al. Discount Points and Housing Prices: Comment , 1979 .

[11] William B. Brueggeman,et al. FHA AND VA MORTGAGE DISCOUNT POINTS AND HOUSING PRICES , 1977 .