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The effect of mortgage origination fees on the housing price dynamics
- 1.0312575 - NHÚ 2009 RIV CZ eng J - Journal Article
Tsharakyan, Ashot
The effect of mortgage origination fees on the housing price dynamics.
[Vliv poplatků z hypoték na dynamiku cen bydlení.]
CERGE-EI Working Paper Series. -, č. 357 (2008), s. 1-36. ISSN 1211-3298
R&D Projects: GA MŠMT LC542
Institutional research plan: CEZ:AV0Z70850503
Keywords : mortgage origination fees * housing price * mortgage market deregulation
Subject RIV: AH - Economics
http://www.cerge-ei.cz/pdf/wp/Wp357.pdf
This paper explores the link between mortgage origination fees and housing prices. It is argued that sharp decline in mortgage origination fees in US since the late 1980s was caused by mortgage market deregulation and mortgage innovation. Based on this reasoning the sources of exogenous variation in mortgage fees are identified, and the effect of mortgage fees on housing prices is quantified.
Tento článek zkoumá vztah mezi poplatky z hypoték a cenami rodinných domů a bytů. V článku tvrdíme, že výrazný pokles v poplatcích z hypoték ve Spojených státech na konci osmdesatých let minulého století byl způsoben deregulací trhu s hypotékami a inovacemi v exogenních faktorech. Z těchto faktorů pak vyvozujeme efekty na ceny bydlení.
Permanent Link: http://hdl.handle.net/11104/0163604
File Download Size Commentary Version Access Wp357.pdf 0 440 KB Publisher’s postprint open-access
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