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Hitting Bottom? An Updated Analysis of Rents and the Price of Housing in 100 Metropolitan Areas

Baker, Dean; Pelletiere, Danilo; Rho, Hye Jin - Center for Economic and Policy Research (CEPR) - 2009

It has been two years since the housing bubble began to deflate. In this time, home prices in major metropolitan areas … have fallen more than 32.3 percent and the woes in the housing sector have spread to the broader economy. Where is the … housing market today? Have we hit bottom? This paper, written by researchers from the Center for Economic and Policy Research …

Persistent link: https://www.econbiz.de/10005048512

First Time Underwater: The Impact of the First-time Homebuyer Tax Credit

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2012

homebuyers paid for homes as a result of the credit, as opposed to a situation in which the housing market had been allowed to …

Persistent link: https://www.econbiz.de/10010541807

CBO Projects More Severe Downturn

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2009

The new economic projections from the Congressional Budget Office show the economy remaining well below its potential level of output until 2014. The projections show the unemployment rate averaging 10.2 percent in 2010 and gradually edging down to the long-term sustainable rate of 4.8 percent...

Persistent link: https://www.econbiz.de/10005068281

Bringing Back Subprime? The Hazards of Restructuring the GSEs

Baker, Dean; Woo, Nicole - Center for Economic and Policy Research (CEPR) - 2013

There have been a number of proposals for replacing the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, with a system under which private financial institutions would issue mortgage-backed securities (MBS) that carry a government guarantee. This paper raises a number of...

Persistent link: https://www.econbiz.de/10010702353

The Gains from Right to Rent

Baker, Dean; Rho, Hye Jin - Center for Economic and Policy Research (CEPR) - 2009

This paper calculates savings from renting compared with owning a house purchased at the peak housing bubble years of …

Persistent link: https://www.econbiz.de/10004964399

The Right to Rent Plan

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2009

This issue brief discusses a plan that would effectively deal with the mounting problem of home foreclosures in this country. The main point of the plan is that those who are facing foreclosure should have the option to remain in their home for a substantial period of time as renters. There are...

Persistent link: https://www.econbiz.de/10004964404

The Gains from Right to Rent

Baker, Dean; Rho, Hye Jin - Center for Economic and Policy Research (CEPR) - 2010

Though Congress and Presidents Bush and Obama put forth several different mortgage modification programs, the rate of foreclosures has continued to rise over the past several years. According to CoreLogic, about one-in-four (23%) mortgages were underwater in the second quarter of 2010, and...

Persistent link: https://www.econbiz.de/10008642859