FHA/VA Financing and Price Discounts

Document Sample
FHA/VA Financing and Price Discounts Powered By Docstoc
					FHA/VA Financing 
				
DOCUMENT INFO
Description: This study examines the effects of FHA and VA mortgage financing on home prices. Using a database of nearly 9,000 homes sales in the San Antonio, Texas area, hedonic analyses reveal that both types of government-backed financing are associated with reductions in selling prices. The results may imply a cost shifting behavior on the part of buyers and an implicit subsidy on the part of sellers. The regressions show that the price discounts for FHA underwriting are about 4% (3.81% to 4.14%) relative to conventional financing. VA discounts, as expected, are smaller, ranging from about 2% to 3.46%. Given the prior literature, the results are likely a result of the fact that FHA and VA homebuyers are able to shift some costs to sellers. [PUBLICATION ABSTRACT]
BUY THIS DOCUMENT NOW PRICE: $6.95 100% MONEY BACK GUARANTEED
PARTNER ProQuest LLC
ProQuest creates specialized information resources and technologies that propel successful research, discovery, and lifelong learning.