Brescia, Raymond H. and Martin, Nicholas M., The Price of Crisis: Eminent Domain, Local Governments, and the Value of Underwater Mortgages (September 19, 2014). Temple Political & Civil Rights Law Review, Vol. 24, 2014, Forthcoming. Available for download at SSRN: http://ssrn.com/abstract=2498651 “Governments at all levels in the U.S. have deployed a range of tactics to address… Continue Reading
Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002
Category Archives: Housing
Presentations about the Budget Outlook – CBO
Doug Elmendorf, CBO Director, at the Macroeconomic Advisers’ 24th Annual Washington Policy Seminar: “I was very pleased to speak last week at Macroeconomic Advisers’ Washington Policy Seminar and at Cornell University. (See my slides for the first talk and my slides for the second talk.) In both presentations I described CBO’s updated outlook for the federal budget under current law… Continue Reading
NY Fed Finds Consumers Expect Lower Home Price Growth but Improved Credit Availability
“The Federal Reserve Bank of New York today released results from its August 2014 Survey of Consumer Expectations (SCE), which provides insight into Americans’ views on inflation, prices, the labor market and household finance. The median home price change expectation at the one-year ahead horizon in August was 3.5 percent, its lowest reading since the data… Continue Reading
Additional 2013 Characteristics of New Housing
“The U.S. Census Bureau’s Survey of Construction, which is jointly funded by the Department of Housing and Urban Development, has released new annual characteristics tables. This release includes never before published data on age-restricted developments, presence of homeowners association, sewer and water systems, framing material and laundry. The report provides estimates of new privately owned… Continue Reading
New GAO Reports – Education of homeless students, World Trade Center Health Program, SNAP
EDUCATION OF HOMELESS STUDENTS: Improved Program Oversight Needed, GAO-14-465: Published: Jul 31, 2014. Publicly Released: Aug 22, 2014. WORLD TRADE CENTER HEALTH PROGRAM: Approach Used to Add Cancers to List of Covered Conditions Was Reasonable, but Could Be Improved, GAO-14-606: Published: Jul 23, 2014. Publicly Released: Aug 22, 2014. SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM: Enhanced Detection Tools and Reporting Could Improve Efforts to… Continue Reading
New FICO Score Model to Help Expand Consumer Access to Credit
Tara Siegel Bernard – NYT: “The creator of one of the most widely used and influential credit scores, FICO, said on Thursday that the latest version of its score would no longer weigh medical debts — which account for about half of all unpaid collections on consumers’ credit reports — as heavily as it did… Continue Reading
Report on the Economic Well-Being of U.S. Households
“In its new Report on the Economic Well-Being of U.S. Households, the Federal Reserve Board provides a snapshot of the self-perceived financial and economic well-being of U.S. households and the issues they face, based on responses to the Board’s 2013 Survey of Household Economics and Decisionmaking. The report provides insight into numerous topics of current relevance to… Continue Reading
Why Is the Economy Still Weak? Blame These Five Sectors – NYT
Neil Irwin: “The economy keeps underperforming. Yes, new G.D.P. data last week were better than expected. But the United States is still producing around $800 billion a year less in goods and services than it would if the economy were at full health, and as a result millions of people aren’t working who would be if… Continue Reading
New GAO Reports – Data Transparency, Manufactured Housing
DATA TRANSPARENCY: Oversight Needed to Address Underreporting and Inconsistencies on Federal Award Website, GAO-14-476: Published: Jun 30, 2014. Publicly Released: Aug 1, 2014: “Although agencies generally reported required contract information, they did not properly report information on assistance awards (e.g., grants or loans), totaling approximately $619 billion in fiscal year 2012. Specifically, 33 of 37 agencies with… Continue Reading
New GAO Reports – Budget Issues, Combatting Nuclear Smuggling, Federal Real Property, 401(K) Plans, Medicaid Financing, Flood Insurance, USDA Farm Programs
BUDGET ISSUES: Opportunities to Reduce Federal Fiscal Exposures Through Greater Resilience to Climate Change and Extreme Weather, GAO-14-504T: Published: Jul 29, 2014. Publicly Released: Jul 29, 2014. COMBATING NUCLEAR SMUGGLING: Past Work and Preliminary Observations on Research and Development at the Domestic Nuclear Detection Office, GAO-14-783T: Published: Jul 29, 2014. Publicly Released: Jul 29, 2014. FEDERAL REAL PROPERTY: Better Guidance and… Continue Reading
Debt in America
Debt in America by Caroline Ratcliffe, Signe-Mary McKernan, Brett Theodos, Emma Kalish, Additional Authors. July 2014. “Debt can be constructive, allowing people to build equity in homes or finance education, but it can also burden families into the future. Total debt is driven by mortgage debt; both are highly concentrated in high-cost housing markets, mostly along the coasts. Among Americans… Continue Reading
In Post-Recession Era, Young Adults Drive Continuing Rise in Multi-Generational Living
“A record 57 million Americans, or 18.1% of the population of the United States, lived in multi-generational family households in 2012, double the number who lived in such households in 1980. After three decades of steady but measured growth, the arrangement of having multiple generations together under one roof spiked during the Great Recession of 2007-2009 and… Continue Reading
