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Short essays on the economic issues of the day written for a generally informed readership.
Life Cycle Patterns and Boom-Bust Dynamics in U.S. Housing Prices
by Juan Carlos Hatchondo, Leonardo Martinez, and Juan M. Sánchez
Home equity did not increase much for households younger than 35 years of age between 1998 and 2007 because the increase in house prices was offset by an equivalent increase in mortgage debt.
Posted on 2013-03-22