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Understanding Recent Trends In House Prices And Home Ownership, Robert J. Shiller

Cowles Foundation Discussion Papers

This paper looks at a broad array of evidence concerning the recent boom in home prices, and considers what this means for future home prices and the economy. It does not appear possible to explain the boom in terms of fundamentals such as rents or construction costs. A psychological theory, that represents the boom as taking place because of a feedback mechanism or social epidemic that encourages a view of housing as an important investment opportunity, fits the evidence better. Three case studies of past booms are considered for comparison: the US housing boom of 1950, the US farmland boom …

Homeownership Rates Among New York City’S Racial/Ethnic Groups And Latino Nationalities In 2000, Laura Limonic

Center for Latin American, Caribbean, and Latino Studies

Introduction: This report examines rates of homeownership among ethnic/racial groups in New York City. The data are broken down by four primary ethnic/racial groups: White, African Americans, Asians, and Latinos. Also examined are homeownership rates within the Latino group by nationality for the nine largest populations among the Latino population in New York City. Methods: Data on Latinos and other racial/ethnic groups were obtained from the 2000 Report of the U.S. Census Bureau, Summary File #4 – HCT4. Cases in the dataset were weighted and analyzed to produce population estimates.

Results: In 2000, the average rate of homeownership in New …