Kyle Fee, Federal Reserve Bank of Cleveland, November 2013: “Though most people in the US live in metropolitan areas, they’ve been choosing to live farther and farther from the center of those areas since the 1950s. While that trend continues to this day, there are some dramatic changes. The exodus from the center of town… Continue Reading
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Category Archives: Housing
Can non-interest rate policies stabilise housing markets?
Can non-interest rate policies stabilise housing markets? Evidence from a panel of 57 economies by Kenneth N Kuttner and Ilhyock Shim, Working Papers No 433. November 2013 “Using data from 57 countries spanning more than three decades, this paper investigates the effectiveness of nine non-interest rate policy tools, including macroprudential measures, in stabilising house prices and housing credit. In conventional panel… Continue Reading
CFPB – A final rule that makes mortgage disclosure better for consumers
“Today, we’re issuing the TILA-RESPA final rule. This rule improves the way consumers receive information about mortgage loans, both when they apply and when they’re getting ready to close. Alongside the rule, we’re publishing information to help industry understand what the requirements are, such as how to fill out the disclosure forms. Helping with that understanding… Continue Reading
Home Value and Homeownership Rates During and After Recession Explored in the American Community Survey
News release: “A new housing brief from the U.S. Census Bureau shows that median home values in many small counties across the nation held steady after the most recent recession, while values in large counties declined. These findings come from the Census Bureau’s brief, Home Value and Homeownership Rates: Recession and Post-Recession Comparisons From 2007-2009 to 2010-2012,… Continue Reading
