Abstract
Following the Great Recession, two important recovery acts provided incentives for a qualified first-time homebuyer to purchase a home: the Housing and Economic Recovery Act of 2008 (HERA2008) and the American Recovery and Reinvestment Act of 2009 (ARRA2009). Using the American Housing Survey and a difference-in-differences approach, I find that recent movers who qualified for HERA2008 were 8.2% more likely to choose homeownership, relative to movers who did not qualify for HERA2008. Recent movers who qualified for a tax credit under ARRA2009 were 9.3% more likely to purchase a home than movers who did not qualify for the credit.
Sign-in/Register to access full text options 
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.
