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...

One of the items that Congress added to the American Recovery and Reinvestment Act of 2009, President Obama’s stimulus package, was a first-time homebuyer tax credit. The tax credit gave people buying their first home, or who had not been homeowners for at least three years, a tax credit equal...

This paper calculates savings from renting compared with owning a house purchased at the peak housing bubble years of 2006 or 2007 in 16 major metropolitan areas. (The appendix includes calculations for 100 cities, including these 16.) The analysis calculates the savings both before- and...

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...

Most approaches in housing research are based on a static perception of the dwelling, occupant and its environment. However, the increasing population settled in a dense urban environment with an increasing complexity of movement and mobility requires more sophisticated approaches than that are...

Housing is the most important component of wealth for many New Zealanders. Its location is fixed and its value is influenced by economic and other factors specific to that location. Hence when people live in owner-occupied homes their wealth is strongly associated with their local economic...