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Category Archives: Housing

Housing Tax and Transfer Programs Decrease Inequality

Gregory Acs and Paul Johnson, Urban Institute. August 18, 2015: “We examine the relationships between housing subsidies, the mortgage interest and real estate tax deductions, and income inequality and find that housing subsidies to low-income families reduce income inequality while the mortgage interest and real estate tax deductions increase it. On net, the distribution of post-tax, post-transfer income is slightly more equal than it would be in the absence of these three programs.”

Federal Response to Hurricane Katrina Reconsidered 10 Years Later

Nelson A. Rockefeller Institute of Government – Federal Response to Hurricane Katrina Reconsidered 10 Years Later By Marc Landy: “From 2006 through 2008, the Rockefeller Institute partnered with the Public Affairs Research Council of Louisiana to conduct a regional analysis of the recovery from Hurricanes Katrina and Rita in Louisiana, Mississippi, and Alabama. The InstituteContinue Reading

CRS – Effectiveness of the Community Reinvestment Act

The Effectiveness of the Community Reinvestment Act, Darryl E. Getter, Specialist in Financial Economics, January 7, 2015. “This report informs the congressional debate concerning the CRA’s effectiveness in incentivizing bank lending and investment activity to LMI borrowers. After a discussion of the CRA’s origins, it presents the CRA’s examination process and bank activities that areContinue Reading

Who Is Actually Forming New Households?

Terner Center for Innovative Housing, UC Berkeley: “For several quarters, the Census has reported an increase in household formation. This is the turnaround that the housing market has been waiting years for. During the recession, the number of households grew slowly, as young adults increasingly stayed in their parents’ homes and others doubled up, too,Continue Reading

“As journalists, we work with mountains of data to help us spot trends, identify problems in our community and to hold public officials accountable. We present that data here at (formerly RocDocs), so that you can explore the issues yourself. Learn more about where you live, make informed decisions as a citizen, parent, orContinue Reading

GAO Reports – Federal Supply Schedules, Medicaid, Federal Real Property

Federal Supply Schedules: More Attention Needed to Competition and Prices, GAO-15-590: Published: Jul 9, 2015. Publicly Released: Aug 10, 2015. Medicaid: Additional Reporting May Help CMS Oversee Prescription-Drug Fraud Controls, GAO-15-390: Published: Jul 8, 2015. Publicly Released: Aug 10, 2015. Federal Real Property: GSA Needs to Determine Its Progress toward Long-term Sustainability of Its Portfolio,Continue Reading

CFPB – Three things to do before closing

Three things to do before closing: What we learned from studying eClosing: ” We’ve heard from many consumers about the overwhelming process of closing on a mortgage, which can be confusing and difficult. Closing is the part of the mortgage process where you accept the terms of your loan, the last step before you owe,Continue Reading

More Millennials Living With Family Despite Improved Job Market

Pew Report – “Five years into the economic recovery, things are looking up for young adults in the U.S. labor market. Unemployment is down, full-time work is up and wages have modestly rebounded. But, according to a new Pew Research Center analysis of U.S. Census Bureau data, these improvements in the labor market have notContinue Reading

Characteristics of New Single-Family Houses Completed

The size of single family homes has increased following a decrease during the “Great Recession.” Larger homes are the norm, but lots sizes have not increased. Statistics from Census indicate the mean square footage of a newly constructed home in America is almost 2,600 square feet.

GAO Reports – Defense Infrastructure, Federal Green Building, IRS Examination Selection, Low-Income Housing Tax Credit, Teacher Preparation Programs

Defense Infrastructure: Improvements in DOD Reporting and Cybersecurity Implementation Needed to Enhance Utility Resilience Planning, GAO-15-749: Published: Jul 23, 2015. Publicly Released: Jul 23, 2015. Federal Green Building: Federal Efforts and Third-Party Certification Help Agencies Implement Key Requirements, but Challenges Remain, GAO-15-667: Published: Jul 23, 2015. Publicly Released: Jul 23, 2015. IRS Examination Selection: InternalContinue Reading

Millions of Children Living in High-Poverty Areas

Annie E. Casey Foundation: “The 2015 KIDS COUNT Data Book reports that 14% of children — 10.1 million total — are now living in areas of concentrated poverty.  These numbers represent an unsettling trend: An increase of nearly 4 million more children living in high-poverty areas since 2000.  State-by-state, the percentage of children living inContinue Reading

Monetary Policy, Hot Housing Markets and Leverage

Ungerer, Christoph, Monetary Policy, Hot Housing Markets and Leverage (May 22, 2015). FEDS Working Paper No. 2015-048. Available for download at SSRN: “Expansionary monetary policy can increase household leverage by stimulating housing liquidity. Low mortgage rates encourage buyers to enter the housing market, raising the speed at which properties can be sold. Because lendersContinue Reading