Will the GSEs Repeat 2007 - 2009’s Large Losses?
The Stoop (NYU Furman Center)
NOVEMBER 7, 2022
Then the pandemic led to a supercharged rate of increases: prices went up by an unprecedented 40 percent in just the 2-1/4 years through 2022 Q2 (the latest full quarter available 4. This rapid ascent was driven by multiple factors. By comparison, median household income was rising from 2016 through 2020 by only 2.6 percent decline. [20]
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