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With the economy emerging from its first recession in nearly a decade, the housing sector continues to display remarkable resilience. Even after the events of September 11th…

This paper analyses the performance of low-income and minority loans (LIMLs) from a large sample of fixed-rate mortgages purchased by Freddie Mac in the 1990s. Our focus is…

Much of homeownership research and policy focuses on financial or information barriers that might frustrate low-income renter households from buying a home. Given existing…

This paper examines trends in prime-market mortgage lending to low- and moderate-income families and to families living in underserved areas, hereafter affordable lending,…

Despite an unprecedented boom in homeownership that added seven million net new owners between 1994 and 1999 and drove the homeownership rate nearly three percentage points…

W01-9: As metropolitan areas sprawl to greater and greater distances from traditional city centers, smart growth has captured the attention of the press, electorate, and…

Housing markets stood up well in 2000 despite growing uncertainty about the direction of the economy. After years of rapidly rising rents and home prices, however, housing…

W01-7: This paper studies the response of the housing market to immigration shocks. I find a positive association between immigrant flows and changes in rents in the…

W00-7: The authors argue in this paper that the reengineering of failed inner city public housing projects that is underway is one of the most important and positive…

Housing markets began the twentyfirst century on a high note. Buoyed by the longest economic expansion in history, home sales, homeownership rates, and the value of…