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Wed, 11 Nov 2009 00:00:00 GMT
On Wednesday, November 11, Ted Gayer and Fred Barbash participated in a live web chat on the extended homebuyer tax credit, debating whether or not President Obama should have let it expire.
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Wed, 11 Nov 2009 12:30:00 GMT
Event Information:
- November 11, 2009, 12:30 PM to 1:30 PM
President Obama approved the expansion and extension of the homebuyer tax credit initially approved as part of the economic stimulus package. While this move is intended to spur home sales, many experts argue that extending the tax credit is bad policy. On Wednesday, November 11, Ted Gayer and Politico Senior Editor Fred Barbash will be online to answer your questions about the homebuyer tax credit in a live web chat.
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Fri, 30 Oct 2009 00:00:00 GMT
In order to shore up the housing market and prevent foreclsoures, the government has instituted the Home Affordable Modification Program (HAMP). Larry Cordell, Karen Dynan, Andreas Lehnert, Nellie Liang and Eileen Mauskopf find that HAMP's key features should alleviate some of the previous obstacles to successful loan modifications. But, they say, the program is not well-suited to address payment problems associated with job loss, and they believe focusing on reducing payments rather than principal is ineffective when the homeowner has negative equity, with short sales being a better option.
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Wed, 14 Oct 2009 00:00:00 GMT
Ted Gayer addresses the potential cost of a home buyer tax credit in light of the Congressional Joint Committee on Taxation’s cost estimate and still concludes that the credit would be a poorly targeted subsidy, even if the program is smaller and shorter in duration.
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Fri, 09 Oct 2009 00:00:00 GMT
The housing market, while showing some signs of recovery, is still weak, which is why policymakers are considering more ways to support it. One idea is to extend and expand the homebuyers tax credit. Ted Gayer says the proposal is misguided, poorly targeted and very expensive.
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Thu, 24 Sep 2009 00:00:00 GMT
Today’s existing-home sales numbers, which were below expectations, show that the housing market is still soft. Moves by the Fed to phase out its mortgage-backed security program may lead to increased mortgage interest rates, says Economic Studies Co-Director Ted Gayer. But he says the first-time homebuyer tax credit is expensive, poorly targeted and should not be extended.
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Tue, 15 Sep 2009 09:55:33 GMT
Alan Berube, research director of Brookings’ Metropolitan Policy program, says the second MetroMonitor shows an uneven recovery, that economic gains in some regions of the country have been offset by an increase of financial instability in others.
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Tue, 28 Oct 2008 00:00:00 GMT
A new Blueprint paper argues that the rising number of vacant and abandoned properties around the nation requires a more robust drive by the federal government to aid states and localities in land banking. The author, Frank Alexander of Emory University, recommends that federal policy should better capitalize local and regional land banking (the process or policy by which local governments acquire surplus properties and convert them to productive use), encourage code reform and regional collaboration.
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Fri, 16 May 2008 00:00:00 GMT
With the U.S. financial system still in a perilous state, Martin Baily, Doug Elmendorf and Bob Litan diagnose what caused the crisis and offer prescriptions for policy change. The authors of this new Brookings paper address two challenges: to resolve the immediate problems and to reduce the likelihood that these problems recur.
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Fri, 16 May 2008 10:00:00 GMT
Event Information:
- May 16, 2008, 10:00 AM to 12:00 PM
How could America's sophisticated financial system go so wrong and cause so much damage? Martin Baily, Douglas Elmendorf and Robert Litan answered that question in a new paper released at this public forum. The authors, following opening remarks by FDIC Chairman Sheila Bair, put forward a specific agenda of policy actions to reduce the chance that history repeats itself.
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Wed, 23 Apr 2008 11:48:21 GMT
Despite the fact that one-third of all Americans live in rental housing, rental policy often takes a back seat to home-ownership policy in Washington. To ensure that low- and moderate-income Americans can afford rental housing, Bruce Katz says that the next president needs to help supplement incomes, empower local governments to expand the supply of affordable housing and deal with the subprime mortgage crisis.
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Thu, 10 Apr 2008 00:00:00 GMT
Congress and the administration are moving forward in myriad ways to boost beleaguered homeowners and put the economy back on track. Doug Elmendorf, testifying before the Senate, urged policy-makers to expand the role of the Federal Housing Administration to help families in trouble refinance their mortgages, and offered comments on the compromise Senate housing bill.
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Fri, 29 Feb 2008 00:00:00 GMT
Without government action, mortgage foreclosures will rise steeply for the next several years, argues Doug Elmendorf. He analyzes the wide range of proposals for tackling this problem, arguing that policy-makers should weigh the fairness of alternative approaches and effects on future mortgage credit, as well as the consequences of inaction.
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Fri, 01 Feb 2008 00:00:00 GMT
Leading housing researchers build upon decades of experience, research, and evaluation to inform our understanding of the nation’s rental housing challenges and what can be done about them.
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Mon, 14 Jan 2008 00:00:00 GMT
Evidence from a variety of sources indicates that there is renewed interest in living in the District of Columbia. Brooke DeRenzis reviews changes among D.C.’s population since 2000 and examines movement in and out of the city. She finds that the city has drawn newcomers from across the country. Many of those leaving the District are settling in the Washington region’s suburbs.
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Mon, 01 Jan 2007 00:00:00 GMT
Demand for more walkable, mixed use neighborhoods is growing across the United States. However, the challenges associated with financing these developments are allowing much of this demand to go unmet. This paper discusses how more, and more upfront, patient equity in walkable projects—from various sources and providers—would facilitate their development, and yield high returns over the long term.
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Thu, 26 Oct 2006 00:00:00 GMT
During his presentation at the University of Michigan/Urban Land Institute Real Estate Forum, Christopher B. Leinberger discussed the current and expected impact of walkable urbane places on metropolitan development patterns. He also focused on the market reasons for impact and how to strategically manage it. Leinberger presented to a national audience of 550 developers, investors, public officials.
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Mon, 19 Jun 2006 00:00:00 GMT
Letter to the Editor by Bruce Katz
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Sat, 17 Jun 2006 00:00:00 GMT
Robert E. Litan suggests enabling the Federal Trade Commission to monitor and pre-empt laws to ensure that real estate markets are competitive.
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Thu, 17 Nov 2005 00:00:00 GMT
In this presentation at the Delaware Valley Smart Growth Alliance 2nd Annual Forum, Amy Liu discussed the economic and fiscal benefits of density and how today's demographic and market changes favor more housing choices and quality, dense development. However, more can and must be done to accommodate future growth.
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Sat, 15 Oct 2005 00:00:00 GMT
Robert W. Hahn and Robert E. Litan review how the real estate industry is being challenged by new sources of competition and how antitrust regulators are zeroing in on what is viewed as anti-competitive practices.
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Thu, 01 Sep 2005 00:00:00 GMT
Using four case studies, a new report from Valerie Piper and Mindy Turbov examines the broader neighborhood effects of redeveloping the nation's worst public housing using the mixed-finance HOPE VI program, finding that, when done right, it can not o
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Wed, 15 Jun 2005 00:00:00 GMT
Robert W. Hahn, Robert E. Litan and Jesse Gurman provide an economic analysis of the residential real estate brokerage industry.
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Tue, 01 Mar 2005 00:00:00 GMT
This paper lays out the fundamentals of a downtown turnaround plan and the unique "private/public" partnership required to succeed. Beginning with visioning and strategic planning to the reemergence of an office market at the end stages, these 12 steps form a template for returning "walkable urbanism" downtown.
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Fri, 25 Feb 2005 00:00:00 GMT
Broad changes across America—demographic, economic, and social—are remaking not just the nations cities but also its older suburbs, foretelling a surprisingly urban future, provided cities make smart policy choices in concert with new, bro
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Wed, 01 Dec 2004 00:00:00 GMT
The time is now to plan the shape of the American landscape for the next generation.
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Thu, 01 Apr 2004 00:00:00 GMT
This survey finds that housing developments funded by the federal Low-Income Housing Tax Credit (LIHTC) in the 1990s remain clustered in urban neighborhoods, and those containing disproportionate shares of black residents.
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Mon, 01 Dec 2003 00:00:00 GMT
This report aims to help state and local leaders meet the modern realities of the affordable housing challenge by looking back at the lessons of the past 70 years of housing policies.
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Fri, 31 Oct 2003 00:00:00 GMT
This powerpoint by Amy Liu, presented at the San Francisco Fall Meeting of the Urban Land Institute, summarizes the academic evidence of the benefits of high density developments for cities and metro areas and examines the nation's progress to date i
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Tue, 01 Jul 2003 00:00:00 GMT
A new analysis of the real estate finance marketplace finds that despite an increase in real estate financing instruments, and the general prosperity of the 1990s, robust inner city retail development did not follow.
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Tue, 01 Apr 2003 00:00:00 GMT
This paper reports the results of an extensive survey of state legislative and program initiatives that can boost cities' efforts to redevelop vacant and abandoned properties.
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Tue, 01 Apr 2003 00:00:00 GMT
This paper examines the relationship between cities' decisions regarding land redevelopment and their underlying fiscal structures.
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Tue, 26 Nov 2002 00:00:00 GMT
A Competitive Agenda for Greater Boston
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Tue, 01 Oct 2002 00:00:00 GMT
This brief highlights ten action steps that urban leaders can take to turn empty and derelict properties into tax-generating assets.
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Tue, 01 Oct 2002 00:00:00 GMT
This brief highlights ten action steps that urban leaders can take to turn empty and derelict properties into tax-generating assets.
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Sat, 01 Jun 2002 00:00:00 GMT
This paper proposes new reforms and strategies to help TOD projects overcome barriers and reach their full promise
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Fri, 01 Feb 2002 00:00:00 GMT
Article by Anthony Downs, Senior Fellow, Economic Studies, The Brookings Institution, in National Real Estate Investor, February 2002
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Thu, 01 Nov 2001 00:00:00 GMT
This article examines the capital problem faced by this segment of the market, and posits that the development of a reliable source of equity may be part of the solution. The author proposes the development of an ""S-REIT,"" a new type of equity vehicl
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Tue, 01 May 2001 00:00:00 GMT
Christopher Leinberger examines the barriers created by conventional real estate investment practices and outlines financing strategies that can—and have—worked for different, progressive, developments.
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Sun, 01 Apr 2001 00:00:00 GMT
This paper serves as a primer on how to view the complex issue of gentrification. It reviews the findings, analyses and frameworks developed during the gentrification wave of the '70s and '80s.
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Mon, 01 Jan 2001 00:00:00 GMT
Vacant Land in Cities: An Urban Resource
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Thu, 01 Jun 2000 00:00:00 GMT
Brookings Review article by Ingrid Gould Ellen and Amy Ellen Schwartz (Summer 2000)
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Wed, 01 Sep 1999 00:00:00 GMT
Paper by Anthony Downs, Senior Fellow, The Brookings Institution, September 1999
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Wed, 01 Apr 1998 00:00:00 GMT
This paper intends to facilitate a public understanding and discussion that will increase the prospects for greater harmony among the various private and public sector strategies that will benefit our urban and metropolitan communities economically,