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…
With increasing concern about housing affordability, there has been growing interest in Community Land Trusts (CLTs), place-based non-profits that hold land in perpetuity on…
Community land trusts (CLTs) are place-based nonprofits that hold land in perpetuity on behalf of a community. CLTs can help preserve affordability in hot markets and help…
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…
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…
In 2017, the US added more homeowners than any year since at least 2005, when the American Community Survey (ACS) was first fully implemented.
However, the nation’s stock of…
With interest rates ticking upward in 2018 and the prospect of further rate increases to come, the era of historically-low mortgage rates may be ending. While many homeowners…
Commonly-used measures of the homeownership rate generally describe aggregate trends consistent with the image of young households that start out as renters, become…
Increasing and stabilizing homeownership is a tangible means of fostering inclusion in communities experiencing rising home values and gentrification pressures, such as…
New York City is an increasingly expensive place to live, and housing prices are dramatically outpacing incomes. In fact, over the past 25 years, home prices have increased…
