Discussion Paper

The Effect of Mortgage Forbearance on House Prices During COVID-19


Abstract: The contrast between the labor market and house prices during the pandemic has been stark. In this note, we document a strong positive relationship between forbearance takeup and house price growth at the county level, controlling for the unemployment rate and other factors.

https://doi.org/10.17016/2380-7172.2872

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2021-03-19

Number: 2021-03-19-2