Spending on home improvement and repair is expected to grow as initial concerns of a pandemic-induced downturn have largely dissipated, according to our latest Leading Indicator of Remodeling Activity (LIRA).
Today, more than twelve years into conservatorship, the path forward for the reform of Freddie Mac and Fannie Mae, the two government-sponsored enterprises (GSEs), is in some ways again as uncertain as it was five or ten years ago.
The share of older households with debt secured by their primary residence more than doubled between 1995 and 2016. This study uses the Survey of Consumer Finances (SCF) to examine the sources of this shift.
In the past decade, housing finance policy discussions have also been heavily focused on whether the two government-sponsored enterprises (GSEs), i.e. Freddie Mac and Fannie Mae, should continue in their current form or something different on their path to exiting conservatorship. Unfortunately, the stability of the housing finance system never quite seems to make it to the policymaker front burner.