دانلود مقاله ISI انگلیسی شماره 102908
ترجمه فارسی عنوان مقاله

پویایی واگذاری مسکن و بهبود خانه

عنوان انگلیسی
Housing equity dynamics and home improvements
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
102908 2017 13 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Housing Economics, Volume 37, September 2017, Pages 29-41

پیش نمایش مقاله
پیش نمایش مقاله  پویایی واگذاری مسکن و بهبود خانه

چکیده انگلیسی

In this study, we examine the effect of housing equity position, measured using the loan-to-value (LTV) ratio, on the probability of home improvements. Using 2001–2011 data from the Panel Study of Income Dynamics (PSID), we find that a higher LTV ratio, in general, reduces the probability of home improvements. We also find that the probability of home improvements depends on the recent change of housing equity position and, more importantly, on the causes of the change. Probability of home improvements decreases more when a high LTV ratio is caused by falling house prices than when it is caused by equity extraction.