Rapidly densifying cities across the US face two seemingly disconnected challenges: the lack of affordable housing and a growing workforce mismatch. Boyle Heights, a…
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…
Kristin Perkins, Shannon Rieger, Jonathan Spader, Chris Herbert
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October 21, 2019
Previous studies of the financial constraints for homeownership attainment have found that cash grants to cover down payment and closing costs can fairly substantially…
Elizabeth La Jeunesse, Alexander Hermann, Daniel McCue, Jonathan Spader
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September 17, 2019
Housing affordability has been a growing concern across the US over the past three decades. Indeed, between 1990 and 2017, the number of units renting for under $600…
First-time homebuyers increasingly include never-married households and newly-formed households, according to a new working paper I co-authored with Shannon Rieger and Sean…
Although homeownership rates rose for all racial and ethnic groups in 2016-2018, rates for black owners rose at a slower pace than for other groups. Consequently, the…
Homeownership has long been a central pillar of financial security for American families. However, the foreclosure crisis led many families and policymakers to revisit their…
The dramatic decline in the homeownership rate—from a high of 69 percent in 2004 to a low of 63 percent in 2016—has generated substantial discussion about the future of…
Following the rise and fall in the U.S. homeownership rate over the past two decades, considerable uncertainty exists about its future trajectory. This paper presents our…
