Hyojung Lee, Whitney Airgood-Obrycki, Riordan Frost
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January 27, 2024
In the past decade, there has been a great deal of attention paid to and speculation about the residential mobility and location decisions of millennials. Academics and…
Are millennials leaving cities? Yes, they are. In fact, even before the COVID-19 pandemic, millennials moving into their prime homebuying years were increasingly choosing…
With all the buzz surrounding millennials and their choices, it is tough to separate myth from reality. Often, myths have been promoted without careful consideration of the…
Are Millennials leaving town? Yes, they are. Are young adults leaving town? No, they are not. The seemingly contradicting answers are due to the fact that age and birth…
Hyojung Lee, Dowell Myers, Johanna Thunell, Julie Zissimopoulos
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March 1, 2020
This study examines the role of direct parental assistance in their adult children's home buying, net of other resources. Past research has cited the importance of down…
In the wake of the Great Recession, US monetary policy focused in large measure on purchases of mortgage-backed securities, with the goal of lowering mortgage rates. The…
This paper seeks to refine our understanding of how refinancing a mortgage affects household outcomes. This issue has attracted particular attention in the wake of the Great…
The Community Reinvestment Act (CRA) has helped spur small business lending in underserved communities and populations, according to a new working paper that I co-authored…
Lei Ding, Hyojung Lee, Raphael Bostic
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March 4, 2019
This study provides new evidence on the effectiveness of the Community Reinvestment Act (CRA) on small business lending by focusing on a sample of neighborhoods with changed…
Rising house prices, increased interest rates, stricter underwriting standards, and significant student loans and credit-card debt have made it harder for younger would-be…