The economic pain we are experiencing in the wake of the pandemic calls for unprecedented government action to contain the fallout from a policy-induced economic coma. It…
Even though Fannie Mae and Freddie Mac returned to very-low down payment lending following the financial crisis, saving for a down payment remains one of the biggest barriers…
Michael Stegman, Richard Cooperstein
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October 9, 2019
Over the years, with the approval of their regulator/conservator, the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac (the GSEs) put in place an opaque…
First-time homebuyers increasingly include never-married households and newly-formed households, according to a new working paper I co-authored with Shannon Rieger and Sean…
Like cicada swarms, presidential commissions and federal initiatives to eliminate local barriers to housing development have a certain temporal cadence. By my accounting,…
Although homeownership rates rose for all racial and ethnic groups in 2016-2018, rates for black owners rose at a slower pace than for other groups. Consequently, the…
Much of the writing that I will undertake in my fellowship year at the Joint Center for Housing Studies will address the Trump administration’s and Congress’s administrative…
Homeownership has long been a central pillar of financial security for American families. However, the foreclosure crisis led many families and policymakers to revisit their…
The dramatic decline in the homeownership rate—from a high of 69 percent in 2004 to a low of 63 percent in 2016—has generated substantial discussion about the future of…
The share of US households facing housing cost burdens fell slightly last year, according to JCHS analysis of newly-released data from the 2017 American Community Survey. The…