Home prices rose at an unprecedented pace in the aftermath of the COVID-19 pandemic as interest rates fell to record lows, the large cohort of millennials aged increasingly…
Alexander Hermann, Peyton Whitney
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January 22, 2024
In 2022, the median sale price for a single-family home in the US was 5.6 times higher than the median household income, higher than at any point on record dating back to the…
After home prices fell during the latter half of 2022 and markets across the country cooled, prices have been increasing nationally in 2023. Indeed, according to our analysis…
Kristin Perkins, Shannon Rieger, Jonathan Spader, Chris Herbert
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October 21, 2019
Previous studies of the financial constraints for homeownership attainment have found that cash grants to cover down payment and closing costs can fairly substantially…
Elizabeth La Jeunesse, Alexander Hermann, Daniel McCue, Jonathan Spader
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September 17, 2019
Housing affordability has been a growing concern across the US over the past three decades. Indeed, between 1990 and 2017, the number of units renting for under $600…
Following the rise and fall in the U.S. homeownership rate over the past two decades, considerable uncertainty exists about its future trajectory. This paper presents our…
Jonathan Spader, Shannon Rieger, Jennifer Molinsky
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November 16, 2017
This framing paper was originally presented at A Shared Future: Fostering Communities of Inclusion in an Era of Inequality, a national symposium hosted by the Harvard…
Jonathan Spader, Daniel McCue, Chris Herbert
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December 12, 2016
Following the rise and fall in the homeownership rate over the past two decades, considerable uncertainty exists about the future trajectory of the homeownership rate. This…