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Estimating the National Housing Shortfall

Daniel McCue, Sophie Huang • January 29, 2024

With home prices and rents hovering near record highs, and for-sale inventories and vacancies stuck near record lows, there is a significant housing shortfall. Most experts…
Working Papers

Refinance and the Accumulation of Home Equity Wealth

Frank Nothaft, Yan Chang • February 10, 2004

BABC 04-10: Spending financed by home equity extraction helps smooth household consumption and bolster the economy in economic downturns, but may reduce wealth…
Working Papers

The Industrial Structure of Affordable Mortgage Lending

Frank Nothaft, Brian Surette • October 2, 2001

This paper examines trends in prime-market mortgage lending to low- and moderate-income families and to families living in underserved areas, hereafter affordable lending,…