Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/51949 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 5895
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
Economic hardship is strongly reflected by the housing market. It is the concern of much research, but its analysis is often obstructed by insufficient lagged data. This paper evaluates search intensity for hardship letter from Google Insights to detect ensuing mortgage delinquencies. Such searches locate documents which assist to write a successful loan modification request. Other relevant searches for short sale, REO (as in Real Estate Owned) or FHA (as in Federal Housing Administration) are used to provide a comprehensive view of the housing market. Using data from the great recession and benchmarking them against data from the labor market, the paper demonstrates that internet activity captures socioeconomic phenomena in real time very well, with no interviewer effect at a high frequency. This suggests that the new data base should spur new housing research.
Schlagwörter: 
housing
hardship letter
loan delinquency
mortgage
National Delinquency Survey (NDS)
financial crisis
recession
bubble
Google Insights
JEL: 
C81
E65
G21
R31
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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