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…
The volatility of the business cycle and an extreme shortage of housing were the twin problems of American economic life in the years following the First World War. Under the…
In the years immediately following the First World War, economists in industry, government, and academia came to perceive data as the antidote to the interrelated crises…
Alexander Hermann, Thomas Shay Hill
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May 18, 2021
Home prices across the US rose significantly during the pandemic, bolstered by historically low interest rates, strong demand, and the tightest supply conditions seen in 40…
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…
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…