Showing posts with label Uncategorized.   Show all posts

U.S. Housing Markets and the COVID-19 Crisis: EconoFact

“From EconoFact: The perception of falling prices of single-family homes and record levels of unemployment raise the specter of rising levels of mortgage defaults. Mortgage defaults in the wake of the economic and financial collapse in the Fall of 2008 contributed to the tepid economic recovery from that crisis, as well as personal hardship for those who lost their houses; by 2010, approximately 11.5 percent of single-family residential mortgages were delinquent and more than 2 percent were in foreclosure. There are concerns that similar developments now could derail economic recovery. But drawing parallels between 2020 and 2008 is problematic because conditions differ substantially across the two periods in the run-up to the crisis and in its first few months.” See full brief by Jeff Zabel.

 

 

“From EconoFact: The perception of falling prices of single-family homes and record levels of unemployment raise the specter of rising levels of mortgage defaults. Mortgage defaults in the wake of the economic and financial collapse in the Fall of 2008 contributed to the tepid economic recovery from that crisis, as well as personal hardship for those who lost their houses; by 2010, approximately 11.5 percent of single-family residential mortgages were delinquent and more than 2 percent were in foreclosure.

Read the full article…

Posted by at 9:55 AM

Labels: Global Housing Watch, Uncategorized

Forecasting Turning Points: An Update

An update of my previous work on forecasting turning points. While the previous work was on how well economists could predict recessions, this one is on how well they can predict recoveries.

An update of my previous work on forecasting turning points. While the previous work was on how well economists could predict recessions, this one is on how well they can predict recoveries.

Read the full article…

Posted by at 6:05 AM

Labels: Uncategorized

How many jobs can be done at home?

“Our classification implies that [x%] of US jobs can plausibly be performed at home.” What’s your guess for x? Compare your guess to calculations by Dingel and Neiman:

 

‘I won’t be logging in today. Forgot my password.’.

“Our classification implies that [x%] of US jobs can plausibly be performed at home.” What’s your guess for x? Compare your guess to calculations by Dingel and Neiman:

 

Read the full article…

Posted by at 10:07 AM

Labels: Uncategorized

New Measure of Pandemic Uncertainty: COVID-19 is all-time high

A new measure of uncertainty related to pandemics and other disease outbreaks finds that uncertainty around the coronavirus is exceptionally high and is much higher than in past outbreaks.

A new measure of uncertainty related to pandemics and other disease outbreaks finds that uncertainty around the coronavirus is exceptionally high and is much higher than in past outbreaks.

Read the full article…

Posted by at 10:43 AM

Labels: Uncategorized

Housing View – February 21, 2020

On cross-country:

 

On the US:

  • Victims of NIMBYism, Unite – The Atlantic
  • Technology is poised to upend America’s property market – Economist
  • The cost of buying and selling homes is too high – Economist
  • When California’s housing crisis slammed into a wealthy suburb, one public servant became a convert to a radically simple doctrine – New York Times
  • Discriminatory housing practices are leading to the devaluation of Black Americans – Brookings
  • The Distributional Impact of the Sharing Economy on the Housing Market – Harvard University
  • Amid Climate And Housing Crises, Cities Struggle To Place Housing Near Transit – NPR
  • Corporate Landlords Aren’t the Real Culprit – The Atlantic
  • 10 Surprising Facts from America’s Rental Housing 2020 – Harvard Joint Center for Housing Studies
  • Black Homeownership Shows Signs of Healing From the Wounds of the Great Recession – Zillow
  • Supply Shock Versus Demand Shock: The Local Effects of New Housing in Low-Income Areas – Philadelphia Fed
  • California Housing Crisis Podcast: Presidential candidates want to make housing affordable – Los Angeles Times
  • California Housing Market is Coming Back (Podcast) – Bloomberg
  • Offering renters longer leases could improve their financial health and happiness – Brookings
  • Home Value Growth Expected to Re-Accelerate Just in Time For Home Shopping Season – Zillow

 

On other countries:

  • [Australia] The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets – Reserve Bank of Australia
  • [Canada] Canada tweaks mortgage stress test in move that could boost housing market – Reuters
  • [China] China’s Real-Estate Market Is Coronavirus Latest Victim – Wall Street Journal
  • [Czech Republic] Prague’s unaffordable Old Town sends homebuyers to the suburbs – Financial Times
  • [Ireland] Irish house prices grow at slowest rate in six years – Reuters
  • [Ireland] Ireland’s political mess rooted in QE house price fallout – Financial Times
  • [Netherlands] What is fuelling the Dutch house price boom? – Bruegel
  • [South Africa] How Cape Town’s drought led to a housing market downturn – Financial Times
  • [United Kingdom] How to fix Britain’s housebuilding problem – Financial Times

On cross-country:

 

On the US:

  • Victims of NIMBYism, Unite – The Atlantic
  • Technology is poised to upend America’s property market – Economist
  • The cost of buying and selling homes is too high – Economist
  • When California’s housing crisis slammed into a wealthy suburb,

Read the full article…

Posted by at 5:00 AM

Labels: Uncategorized

Home Older Posts

Subscribe to: Posts