Title: A Renter or Homeowner Nation?
Citation Type: Journal Article
Publication Year: 2016
Abstract: Between the 1940s and the 1960s, the U.S. homeownership rate increased by nearly 20 percentage points, from mid-40 to mid-60 percent. The self-amortizing 30-year, fixed-rate mortgage, introduced by the Federal Housing Administration/Veterans Administration (VA—now the U.S. Department of Veterans Affairs) transformed the United States from a nation of renters to a nation of homeowners (Acolin and Wachter, 2015; Fetter, 2013).
User Submitted?: No
Authors: Acolin, Arthur; Goodman, Laurie, S; Wachter, Susan, M
Periodical (Full): Cityscape: A Journal of Policy Development and Research
Data Collections: IPUMS CPS, IPUMS USA
Topics: Housing and Segregation, Land Use/Urban Organization