Abstract
AbstractEvidence is shown, using US real estate default data from 1987–2004, that high default rates on mortgages are associated with prior period housing prices, rental income, inflation‐adjusted household median income and interest rate fluctuations. This paper investigates the proposition: that the percentage of real estate defaults is a function of alternative income opportunities. Copyright © 2007 John Wiley & Sons, Ltd.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
