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Will the GSEs Repeat 2007 - 2009’s Large Losses?

The Stoop (NYU Furman Center)

The housing market has just experienced one of the largest upcycles in history. First, house prices increased by 57 percent 1 over the nearly nine years from their post-financial crisis bottom (2011 Q2) through the last quarter before the pandemic (2020 Q1). This rapid ascent was driven by multiple factors.

Housing 52
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Royal Bank of Canada report, 26% of Canadian households can't afford to buy a house

Rebuilding Place in Urban Space

-- High rates and prices make it less affordable to own a home in Canada , Royal Bank of Canada In some markets, 80% to 102% of median income is required to own and maintain a house. One group can't afford housing at today's prices. OTOH, in the US the Wall Street Journal reports on " The Rise of the Forever Renters."

Housing 52
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The Port of Greater Cincinnati Development Authority outbids Wall Street to buy houses in Cincinnati

Rebuilding Place in Urban Space

The Pittsburgh Cultural Trust, the Playhouse Square Development Corporation, and Jubilee Housing of Baltimore (focused on live work housing) are particularly good examples. Sadly, wrt the Purple Line I first suggested this in 2007. Housing market, venture capital and single family housing as rentals.

Housing 52
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Governor Appoints CDT Deputy Director of Communications & Stakeholder Relations

California Department of Technology

Since 2021, Monica has served as Deputy Director of Communications at the California Department of Housing and Community Development (HCD). Her first day at CDT will be October 6.

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How to Convince Your Boss to Send You to the Reclaiming Vacant Properties Conference

Center for Community Progress

What : The Reclaiming Vacant Properties Conference has been around since 2007, bringing together about 1,000 attendees in cities across the country every two years. Put simply, our goal is to set local leaders up for success to turn vacant spaces into vibrant places. The sessions at RVP reflect that!

Laws 96
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Purple Line Corridor Coalition study: Same Old, Same Old | Gentrification will result from investment in transit infrastructure

Rebuilding Place in Urban Space

Also see " Op-Ed in Washington Post about preserving affordable housing in the Purple Line corridor (Department of Duh) " from earlier in the year on the same topic. It's what you call a "priming effect." And you want that to happen, since you're spending billions of dollars on it.

Housing 52
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I wonder if Mayor Fenty hadn't dissolved the Anacostia Waterfront Initiative in 2007, merging it into another city agency, if development would have happened faster?

Rebuilding Place in Urban Space

The Washington Post reports on a press conference in Anacostia, the most economically lagging area in DC, where the Mayor discussed improvements in the area, in association with a new building for the Department of Housing and Community Development, which was already there, in a not so old building (" After decades of disinvestment, D.C.’s