Economics of Housing Policies

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Learn the 7 main factors that can determine a borrower’s loan amount, including credit score, debt-to-income ratio, loan type, and others considered by lenders.

Image transcription: A History of Racist Federal Housing Policies La-Brina Almeida, Policy Analyst 1933 The Home Owners’ Loan Corporation (HOLC) was established to assist homeowners who were in default on their mortgages and in foreclosure. HOLC created “Residential Security” maps, which documented how various professionals evaluated mortgage lending risk, systematically grading neighborhoods. The grading included … A History of Racist Federal Housing Policies Read More »

The developer is only one piece of the financial food chain that provides capital for new housing development. Jenny Schuetz dives into the housing crisis issue.

At the national level, a homeowner who purchased a single-family existing home 10 years ago would have gained $225,000 in home equity if the home were sold at the median sales price of $363,100 in 2021 Q3.

The ratio of median home price to median income is one indicator for housing affordability. Researchers ranked cities according to their home price-to-income ratios.

Purchasing a house is an incredible accomplishment and one of the biggest steps you'll take during your life. Though the process may seem overwhelming, breaking everything down will help you keep your head straight while hunting for the...

The drop in black homeownership has not been uniform across the country.

The Civil Rights Act of 1964 had outlawed discrimination based on race, color, religion, sex, or national origin. Nevertheless, significant obstacles remained for minorities attempting to secure equal housing rights. Despite their contributions to the American effort during the Second World War and the ongoing Vietnam War, racial minorities were still subject to overt discrimination when attempting to rent or purchase homes in residential areas. Organizations including the National Association for the Advancement of Colored People (NAACP) and the G.I. Forum lobbied extensively for federal fair housing legislation, but despite the Fair Housing Act first being put to Congress in 1966 it was met with resistance that stalled its passage. However, over the next two years the national atmosphere began to change and in the aftermath of the race riots of 1967’s ‘long, hot summer’, the Kerner Commission report strongly recommended equal housing legislation. On 4 April 1968 Dr. Martin Luther King, Jr., a vocal supporter of the Bill, was assassinated in Memphis, Tennessee. His death prompted riots that spread across the country, amidst which President Lyndon B. Johnson urged Congress to pass the Bill promptly as testament to King and his legacy. Despite further attempts to delay the legislation, an hour of debate on 10 April led to the House approving the bill by a vote of 250 to 172. Johnson signed it in to law the next day, two days after King’s funeral. The Act made it illegal to discriminate regarding the sale, rental, or financing of housing based on race, religion, or national origin.

Use this tool to double-check that all the details about your loan are correct on your Closing Disclosure.

The closing disclosure is one of the most important documents you’ll get during the mortgage process because it spells out all of the details of your home loan—including the money you’ll need to bring to closing, your interest rate and your total monthly payment. By reviewing it carefully, you can a

John Oliver breaks down the long history of housing discrimination in the U.S., the damage it’s done, and, crucially, what we can do about it. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/lastweektonight Find Last Week Tonight on Facebook like your mom would: www.facebook.com/lastweektonight Follow us on Twitter for news about jokes and jokes about news: www.twitter.com/lastweektonight Visit our official site for all that other stuff at once: www.hbo.com/lastweektonight

Not Even Past maps redlining maps from the 1930s with maps of health dispartities today, showing enduring contours of marked inequality in American cities over the past century.

This page provides general background and information on the housing programs established by Treasury under TARP. The MHA program expired on December 31, 2016, however, help may still be available through your mortgage company or through the Hardest Hit Fund. If you are a homeowner seeking mortgage relief, please visit Making Home Affordable for more information. Consumer Fraud Alert In the beginning of 2009, the U.S. economy was facing the fallout from a housing bubble that by some measures had doubled home prices in a period of six years. By the time the Obama Administration took office in January 2009, home prices had fallen for 30 straight months. Home values had fallen by nearly one-third. Fannie Mae and Freddie Mac had been in conservatorship for four months, and American families were struggling to buy and keep their homes. In February 2009, President Obama announced a number of steps to strengthen the housing market and help struggling homeowners avoid foreclosure. As part of this broad response to the housing crisis, Treasury, under TARP, established two central programs, Making Home Affordable® (MHA) and the Hardest Hit Fund® (HHF). In December 2016, the Making Home Affordable (MHA) program expired. Although this resource is no longer available to homeowners, help is still available. Mortgage companies will continue to offer assistance. Contact your mortgage company or lender directly to inquire about available solutions. Key Facts Treasury, under TARP, launched Making Home Affordable® (MHA), to provide mortgage relief to homeowners and prevent avoidable foreclosures. The cornerstone of MHA was the Home Affordable Modification Program (HAMP®), which permanently reduced mortgage payments to affordable levels for qualifying borrowers. MHA expanded to include a number of other specialized programs. Treasury also introduced the Hardest Hit Fund® (HHF), which helps those states hardest hit by home price declines and high unemployment to develop locally-tailored foreclosure prevention solutions. Treasury's programs are part of a wider government response designed to help homeowners, preserve communities, and keep mortgage rates affordable for families. Programs at a Glance Making Home Affordable® (MHA) The Making Home Affordable Program® (MHA) provided mortgage relief to homeowners to prevent avoidable foreclosures. This included the Home Affordable Modification Program (HAMP), which permanently reduced mortgage payments to affordable levels for qualifying borrowers. MHA expanded to include a number of other specialized programs. MHA helped over 1.8 million families obtain mortgage relief and avoid foreclosure. MHA expired in December 2016. Hardest Hit Fund (HHF) The Hardest Hit Fund® was created to provide targeted aid to families in states hit hard by the economic and housing market downturn. The participating states were chosen either because they are struggling with unemployment rates at or above the national average or steep home price declines greater than 20 percent since the housing market downturn.

More and more people are calling for the government to create a Home Owners’ Loan Corporation (HOLC) modeled after the New Deal version that went by the same name. The first person I heard suggesting this was economist Alan Blinder in a startlingly prescient New York Times Op-Ed piece back in February of this year. More recently, Hillary Clinton has . . .

Frequently requested statistics for: Georgia

Note: We make frequent changes to the download paths for CSVs and ask that users who have standard code to ingest our data consider switching to the Econ Data API to avoid that code being affected by these changes. DEFINITIONS OF HOME TYPES All Homes: Zillow defines all homes as single-family, condominium and co-operative homes […]

The National Housing Act, passed in 1934 to strengthen the residential real estate market, created the Federal Housing Administration (FHA).

White households are 71% more likely to own their homes than Black households.

The recently released Survey of Income Program Participation shows household wealth gaps. Home equity and retirement accounts make up 61.7% of household wealth.

Overall denial rates for conventional mortgages have fallen for almost a decade, a sign of progress that nevertheless conceals a stark divide in the housing market: Black applicants for a conventional mortgage are denied at more than twice the rate as white applicants.