Sumit Agarwal is a financial economist in the research department at the Federal Reserve Bank of Chicago. His research interests include issues relating to household finance, as well as corporate finance, financial institutions and capital markets. His research has been published in the Journal of Money, Credit and Banking, Journal of Financial Intermediation, Journal of Housing Economics and Real Estate Economics. Dr. Brent W. Ambrose is the Jeffery L. and Cindy M. King Faculty Fellow in Business and Professor of Real Estate at the Pennsylvania State University.