article thumbnail

Will the GSEs Repeat 2007 - 2009’s Large Losses?

The Stoop (NYU Furman Center)

The housing market has just experienced one of the largest upcycles in history. First, house prices increased by 57 percent 1 over the nearly nine years from their post-financial crisis bottom (2011 Q2) through the last quarter before the pandemic (2020 Q1). This rapid ascent was driven by multiple factors.

2007 52
article thumbnail

Faced with Housing Shortages, Policymakers Test New Reforms To Increase Production

The Stoop (NYU Furman Center)

State and local policymakers around the country are working to address America’s severe housing shortage, by considering, and implementing, a wide range of policies in the hopes of increasing housing supply. These policies range from substantive revisions to zoning codes to procedural reforms to the land use approval process.

Housing 92
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Port of Greater Cincinnati Development Authority outbids Wall Street to buy houses in Cincinnati

Rebuilding Place in Urban Space

The Pittsburgh Cultural Trust, the Playhouse Square Development Corporation, and Jubilee Housing of Baltimore (focused on live work housing) are particularly good examples. Sadly, wrt the Purple Line I first suggested this in 2007. Housing market, venture capital and single family housing as rentals.

Housing 52
article thumbnail

Closing Cost Reform: Long Overdue and Worth the Fight (Part 1)

The Stoop (NYU Furman Center)

Introduction President Biden recently addressed the pressing issue of housing affordability in his recent State of the Union (SOTU) speech, announcing several initiatives to tackle it. Together, these two events make clear that closing costs are moving to the front burner of housing policy. So, this is still an evolving situation.)

Housing 59
article thumbnail

A History of Ohio Land Banking 2009–2021: From Legislation to Operation

Center for Community Progress

Once-thriving middle-class neighborhoods with much history, shops, solid housing stock, and cultural treasures transitioned almost overnight into vacant and abandoned streets and retail strips. This number rose to 8,700 in 2003, 9,700 in 2004, 13,943 in 2006, and 14,946 in 2007. The trend continued for the next several years.

2009 52
article thumbnail

Government Mortgage Interest Rates: A Serious Discussion about the Intertwined Topics of Risk Adjustment and Cross-subsidies

The Stoop (NYU Furman Center)

The Federal Housing Finance Agency (FHFA), the regulator and conservator of Freddie Mac and Fannie Mae, the two government-sponsored enterprises (GSEs), has been very prominently in the news lately. The changes then became the subject of hearings and legislation in the Republican-controlled House of Representatives to reverse the changes.

article thumbnail

Strategies for Landing Your Dream Job in Parks & Recreation

Let's Talk Parks

The housing market crisis had just occurred in 2007, and I graduated in 2009. You’re demonstrating yourself as responsible, accountable, and having good communication skills. They’ve had several interviews, and they just can’t land that job. So the workforce was still kind of feeling those effects.