Sign in
FINANCING AND HOUSE PRICES
Journal article   Peer reviewed

FINANCING AND HOUSE PRICES

J. Sa-Aadu, C. F. Sirmans and John D. Benjamin
The Journal of financial research, Vol.12(1), pp.83-91
1989
DOI: 10.1111/j.1475-6803.1989.tb00103.x

View Online

Abstract

Recent empirical evidence on the effect of below‐market financing on house prices has suffered from estimation and interpretation problems. In this paper, a methodology is developed to solve these problems. Using data for mortgage revenue bonds, the methodology is tested with results indicating that all financing subsidy is capitalized into house prices.

Details

Metrics