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Working Papers

Option Value and Storefront Vacancy in New York City

Erica Moszkowski, Daniel Stackman • April 12, 2023

Why do storefronts remain empty for more than a year in some of the world’s highest-rent retail districts? Landlords with vacancies derive option value from two sources of…
Working Papers

Tenure and Location Choice among Hispanic Households

Rocio Sanchez-Moyano • October 10, 2019

Persistently large gaps in homeownership between whites and Hispanics are a major contributor to wealth inequality. This article considers whether Hispanics and whites are…
Blog

Are Baby Boomers Propping Up the Homeownership Rate?

Rocio Sanchez-Moyano • May 27, 2015

The US homeownership rate peaked in late 2004 and has been in a steady decline ever since, dropping 5.5 percentage points, according to the Housing Vacancy Survey. Annual…
Blog

Interactive Map: Where Can Renters Afford to Own?

Rocio Sanchez-Moyano • July 17, 2014

Homebuyer affordability remains near an all-time high, so where are all the first-time homebuyers? According to indexes that incorporate gross measures of house prices,…