Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 730-742 |
| Number of pages | 12 |
| Journal | Housing Studies |
| Volume | 29 |
| Issue number | 6 |
| DOIs | |
| Publication status | Published - 2014 |
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Credit Constraints and Pride Expectations of Homeowners. / Droes, M.I.; Hassink, W.H.J.
In: Housing Studies, Vol. 29, No. 6, 2014, p. 730-742.Research output: Contribution to Journal › Article › Academic › peer-review
TY - JOUR
T1 - Credit Constraints and Pride Expectations of Homeowners
AU - Droes, M.I.
AU - Hassink, W.H.J.
PY - 2014
Y1 - 2014
N2 - This paper examines the effect of credit constraints on the sale price expectations of homeowners. We extend the results of Genesove and Mayer (1997) by using a sample of mover and non-mover families living in the Netherlands-a country without formal down-payment requirements. We find that homeowners who are more credit constrained expect to sell their house for a higher price. Homeowners already seem to compensate for credit constraints at the very first stages of the transaction process. These results imply that the findings of Genesove and Mayer (1997) are much more generally applicable than previously considered. © 2014 © 2014 Taylor & Francis.
AB - This paper examines the effect of credit constraints on the sale price expectations of homeowners. We extend the results of Genesove and Mayer (1997) by using a sample of mover and non-mover families living in the Netherlands-a country without formal down-payment requirements. We find that homeowners who are more credit constrained expect to sell their house for a higher price. Homeowners already seem to compensate for credit constraints at the very first stages of the transaction process. These results imply that the findings of Genesove and Mayer (1997) are much more generally applicable than previously considered. © 2014 © 2014 Taylor & Francis.
U2 - 10.1080/02673037.2014.920768
DO - 10.1080/02673037.2014.920768
M3 - Article
VL - 29
SP - 730
EP - 742
JO - Housing Studies
JF - Housing Studies
SN - 0267-3037
IS - 6
ER -