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Summary of Commentary on Current Economic Conditions by Federal Reserve District: “Reports from the twelve Federal Reserve Districts indicate that the economy continued to expand across most regions from mid-February through the end of March. Activity in the Richmond, Chicago, Minneapolis, Dallas, and San Francisco Districts grew at a moderate pace, while New York, Philadelphia, …
Urban Institute – The Impact of Tight Credit Standards on 2009-13 Lending. Laurie Goodman, Jun Zhu, Taz George. April 2015. “Tight credit standards curbed mortgage lending activity from 2009 to 2013. Based on our estimates, if the cautious standards of 2001 had been in place rather than the more severe standards that were in place over these …
“The loan amount, the interest rate, and the term of the mortgage can have a dramatic effect on the total amount you will eventually pay for the property. Further, mortgage payments typically will include monthly allocations of property taxes, hazard insurance, and (if applicable) private mortgage insurance (PMI). Use our mortgage calculator to see the …
Alan Berube and Natalie Holmes – Some cities are still more unequal than others—an update [See also City Inequality 2013 Appendix] “More than five years after the end of the Great Recession, and three years since the Occupy movement took on Wall Street, high and growing levels of income inequality continue to animate debates on …
“Rosser, Ezra, Destabilizing Property (March 1, 2015). Connecticut Law Review, Forthcoming; American University, WCL Research Paper No. 2015-1. Available for download at SSRN: http://ssrn.com/abstract=2581710 “Property theory has entered into uncertain times. Conservative and progressive scholars are fiercely contesting everything it seems, from what is at the core of property to what obligations owners owe society. …
“About 1 in 9 People Changed Residences Between 2013 and 2014 – For the past several years, the mover rate has remained between 11.5 and 12.5 percent, according to new 2014 statistics released today from the U.S. Census Bureau. The mover rate between 2013 and 2014 was 11.5 percent or 35.7 million people age 1 …
“How much salary do you need to earn in order to afford the principal, interest, taxes and insurance payments on a median-priced home in your metro area? To find out, HSH.com took the National Association of Realtors’ fourth-quarter data for median-home prices and HSH.com’s fourth-quarter average interest rate for 30-year, fixed-rate mortgages to determine how …
Papanikolaou, Nikolaos I., The Road Towards the Establishment of the European Banking Union (February 28, 2015). Munich Personal RePEc Archive Paper No. 62463. Available for download at SSRN: http://ssrn.com/abstract=2573320 “The rising delinquencies in the U.S. subprime mortgage market in 2006 and the succeeding collapse in housing prices had a considerably negative impact on the functioning …
Federal Reserve Bank of New York Staff Report – How Mortgage Finance Affects the Urban Landscape. February 2015. Number 713. Sewin Chan, Andrew Haughwout, and Joseph Tracy. “This chapter considers the structure of mortgage finance in the U.S., and its role in shaping patterns of homeownership, the nature of the housing stock, and the organization of residential activity. …
John Locke Foundation Report – “Overall, North Carolina ranks 23rd in the nation and 5th among the 12 states of the Southeast. Florida holds the #1 slot on the FFI, followed by Arizona, Indiana, South Dakota, and Georgia. The least-free state is New York, which is joined in the bottom five by New Jersey, California, …
“The MPI aims to deepen our understanding of economic prosperity. Housed at the University of Toronto’s Rotman School of Management, MPI’s mission is to develop a new understanding of, and inform, the broader public conversation about shared and sustainable prosperity that should be an essential part of democratic capitalism.” “Americans have become increasingly sorted over …
“These statistics provide vacancy rates, homeownership rates and characteristics of units available for occupancy for the U.S., regions, states and the 75 largest metropolitan statistical areas. Data for all geographies are available both quarterly and annually. Homeownership rates are also tabulated by age of householder for the U.S. and regions and by race/ethnicity of householder …
