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What Happens to Banks When House Prices Fall? U.S. Regional Busts of the 1980s and 1990s

Version
v0
Resource Type
Dataset : survey data
Creator
  • Wheelock, David C. (Federal Reserve Bank of St. Louis)
Other Title
  • Archival Version (Subtitle)
Publication Date
2006-11-29
Funding Reference
  • Federal Reserve Bank of St. Louis. Research Division
Language
English
Free Keywords
financial institutions; housing costs; loans; mortgages
Description
  • Abstract

    The recent rapid appreciation of house prices in many U.S. markets has prompted concern over the possible effects of a sharp decline in prices, especially for commercial banks and other real estate lenders. This article examines regional real estate booms and busts in the 1980s and 1990s: Only about half of state house price booms were followed by a severe decline in prices, but large house price declines experienced high loan default rates and, thus, low profit and high failure rates. Although U.S. banks may have become more exposed to residential real estate recently, they appear less vulnerable to a decline in house prices than banks in states with large price declines in the earlier period.
  • Table of Contents

    Datasets:

    • DS1: Dataset
Geographic Coverage
  • United States
Collection Mode
  • (1) The file submitted is the data file 0609dwd.xls. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

Availability
Delivery
This version of the study is no longer available on the web. If you need to acquire this version of the data, you have to contact ICPSR User Support (help@icpsr.umich.edu).
Alternative Identifiers
  • 1337 (Type: ICPSR Study Number)
Relations
  • Is previous version of
    DOI: 10.3886/ICPSR01337.v1
Publications
  • Wheelock, David C.. What happens to banks when house prices fall? U.S. regional busts of the 1980s and 1990s. Federal Reserve Bank of St. Louis Review.88, (5), 413-429.2006.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Wheelock, David C. (2006): What Happens to Banks When House Prices Fall? U.S. Regional Busts of the 1980s and 1990s. Archival Version. Version: v0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/ICPSR01337