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作者

来源

HOUSING POLICY DEBATE,Vol.29,Issue1SI,P.108-125

语言

英文

关键字

Borrowing constraints; homeownership; credit access; BORROWING CONSTRAINTS; HOME OWNERSHIP; MORTGAGE; MODEL; RACE

作者单位

[Acolin, Arthur] Univ Washington, Coll Built Environm, Seattle, WA 98195 USA. [Goodman, Laurie] Urban Inst, Housing Finance Policy, Washington, DC 20037 USA. [Wachter, Susan M.] Univ Penn, Wharton Sch, Real Estate & Finance, Philadelphia, PA 19104 USA. [Wachter, Susan M.] Univ Penn, Penn Inst Urban Res, Philadelphia, PA 19104 USA. Acolin, A (reprint author), Univ Washington, Coll Built Environm, Seattle, WA 98195 USA. E-Mail: acocapid@usc.edu

摘要

The tightening of mortgage credit in the aftermath of the global financial crisis has been identified as a factor in the decline of homeownership in the United States to 50-year lows. In this article, we review findings about the role of borrowing constraints and tightened credit in lowering access to homeownership. We also discuss how institutional changes could hinder or support this access going forward.