While filtering has long been considered the primary mechanism by which markets supply lowincome housing, direct estimates of that process have been absent. This has contributed to doubts about the viability of markets and to misplaced policy. I fill this gap by estimating a “repeat income” model using 1985-2011 panel data. Real annual filtering rates are faster for rental housing (2.5 percent)...

Governments throughout the world intervene heavily in housing markets, and most have multiple policies to pursue multiple goals. This chapter deals with two of the largest types of housing policies in the United States, namely, low-income rental assistance and policies to promote homeownership through interventions in mortgage markets. We describe the rationales for the policies, the nature of ...

• There are different housing pathways for Permanent Protection Visa (PPV) and Temporary Protection Visa (TPV) holders. PPV holders are typically sponsored into and remain in the private rental market, typically moving three times within the f irst year. TPV holders are slightly more mobile, moving four times within 12 months of release from detention. They typically spend their first night pos...

PURPOSE This article investigates the extent to which government-subsidized affordable rental units available to low-income older persons are unequally and unfairly distributed throughout Florida's counties. DESIGN AND METHODS Primary data sources from the U.S. Department of Housing and Urban Development and the U.S. Census were analyzed using two location inequality statistical measures: qui...

From the early ‘70s the Italian families improved their welfare, raising the national dwelling standard level. During the same period, for several reasons, the rental market share on the total housing stock decreased from 40% to less that 20%. The situation was mainly caused, on the one hand, by some structural changes introduced in the leasing contracts, and, on the other hand, by some incenti...

for their help. The views expressed here are the author's and not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System. Any remaining errors are the author's responsibility. Federal Reserve Bank of Atlanta working papers, including revised versions, are available on the Atlanta Fed's Web site at www.frbatlanta.org. Click " Publications " and then " Working Pape...

Do homeowners prefer living in an area with a more equal distribution of income? We answer this question by estimating a nonparametric hedonic pricing model for about 90,000 housing units transacted in Hong Kong between 2005 and 2006. We first identify a hedonic price function by locally regressing the rental price of the housing unit on its intrinsic and neighborhood characteristics, one of wh...

A financial friction is a wedge between the return received by providers of financial capital—ultimately, consumers—and the cost of capital paid by businesses and consumers who use capital. I study two frictions. One raises the rental cost of capital to firms and the other raises the rental cost of housing and durable goods to consumers. My focus is on the effects of financial frictions—I take ...