Construct · 1 fields · 1 citations

negative equity: a standalone construct

One name. One construct. A landmark on the map.

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Urban and housing economics

owing more on a mortgage than the home is worth, which raises foreclosure risk mainly when combined with an income shock.

In urban and housing economics, negative equity refers to owing more on a mortgage than the home is worth, which raises foreclosure risk mainly when combined with an income shock. This meaning comes from Foote (2008) in Journal of Urban Economics.[1]

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Nearby constructs

double-trigger hypothesis1 fields · 1 citationsanchor · a standalone construct equity4 fields · 4 citationsjingle · one word, four constructs risk6 fields · 13 citationsjingle · one name, six constructs

References

Foote, C. L., Gerardi, K., & Willen, P. S. (2008). Negative equity and foreclosure: Theory and evidence. Journal of Urban Economics, 64(2), 234-245. https://doi.org/10.1016/j.jue.2008.07.006

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