Mitchell, Lesley
Establishing a Link Among Subprime Lending, Payday Lending, and Housing CostsThis study identified counties with high shares of payday businesses and high shares of subprime loans. Payday lending establishments, banks, and credit unions were inventoried in every county in Utah. The objective was to ...
Rising housing costs and stagnating real wages are the primary causes of worsening housing affordability in Utah. From 2009 to 2016 real income grew at 0.31% per year, while rent increased at a rate of 1.03% per year in 2017 constant dollars. Now, more than 183,000 low-income Utah ...
United States is a country of contrasts. Skyscrapers in downtown and low-density landed houses in suburbs. Despite of being one of the wealthiest countries of the world and having one of the highest costs of living in the world, American face income inequality and many living under poverty li...
Texas’ High Housing Costs Sparked a Movement to Bring Them Down The scene was a familiar one at Austin City Hall: The City Council once again was seeking reforms to curb the capital city’s sky-high home prices and rents, and opponents had turned out in force to t...
A large degree of volatility in housing markets and in mortgage markets may have disruptive effects on the economy. Large negative shocks on these markets may, for instance, adversely affect the economy and pri-vate consumption in particular via the wealth effect and via less mortgage equity withd...
Home buying has become so unaffordable that it’s in need of an intervention — but that won’t come anytime soon, one economist says. Home prices continue to hit new all-time highs, despite home buyers remaining on the sidelines. Mortgage rates remain elevated, keepi...
LOS ANGELES-Based on high housing costs and a decline in job growth, California cities like Los Angeles, San Francisco and San Jose have proven less resilient during the pandemic, according to a ranking of economic vitality by the Santa Monica-based Milken Institute released Wednesday. ...
This training, set to begin in Spring 2025, aims to ensure that developers can successfully navigate the complexities of affordable housing development. Upon completion, participants will also be eligible for predevelopment loans, which cover early project costs that often hinder smaller developers. ...
Two prominent examples are construction and rehabilitation programs to improve housing conditions and rent subsidy programs that reduce the burden of housing costs for the poor.This is a preview of subscription content, log in via an institution to check access. ...