Publications Tagged ‘housing prices’
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Quarterly Housing Update 2011: 4th Quarter
In an analysis of fourth quarter housing indicators, the Furman Center finds that home sales volume continued to decline in the fourth quarter of 2011, with the number of transactions citywide down 15 percent from the previous quarter and 11 percent from the fourth quarter of 2010. Foreclosure starts were down in most of the city, with 33 percent fewer foreclosure notices issued in the fourth quarter of 2011 compared to the same quarter in 2010. Manhattan was the only borough where the number of foreclosure starts increased, although the number of notices issued in Manhattan still remained well below the numbers issued in any of the other boroughs.
The Furman Center for Real Estate and Urban Policy. March 2012.
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Policy Brief
Searching for the Right Spot: Minimum Parking Requirements and Housing Affordability in New York City
The policy brief examines New York City’s minimum residential parking requirements in communities throughout the city and explores the possible effects on housing affordability and on the city’s sustainability goals. The brief finds that the requirements may be causing developers to supply more off-street parking spaces than they expect tenants and homebuyers to demand, potentially driving up the cost of housing and promoting inefficient car ownership.
Vicki Been, Caitlyn Brazill, Josiah Madar, Simon McDonnell. March 2012.
affordable housing, housing prices, land use, parking, zoning
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Data Brief
Quarterly Housing Update 2011: 3rd Quarter
In an analysis of third quarter housing indicators, The Furman Center finds that home sales volume remained low in the third quarter of 2011, with the number of properties sold citywide four percent lower than the number sold in the third quarter of 2010. Property values are also lagging in most of the city. Manhattan is the only borough where properties have appreciated in price over the last year. The Quarterly Housing Update is unique among New York City housing reports because it incorporates sales data, residential development indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality.
The Furman Center for Real Estate and Urban Policy. November 2011.
affordable housing, housing prices, mortgage foreclosures, neighborhoods
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White Papers
A Canary in the Mortgage Market? Why the Recent FHA and GSE Loan Limit Reductions Deserve Attention
Explores the potential implications of recent reductions in the maximum loan size that can be guaranteed by Fannie Mae and Freddie Mac (Government-Sponsored Enterprises or GSEs), or insured by the Federal Housing Administration (FHA) in many parts of the country. The changes, which went into effect on Oct. 1, 2011, represent the first step in a long-term policy goal to reduce the federal government’s current role in the mortgage system. They will also be a significant test of the private mortgage finance system.
Josiah Madar and Mark Willis. October 2011.
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White Papers
Navigating Uncertain Waters: Mortgage Lending in the Wake of the Great Recession
This report summarizes our February 4, 2011 Roundtable of the same name, and provides an in-depth exploration of credit availability and lending patterns during the recession.
The Furman Center for Real Estate and Urban Policy. August 2011.
homeownership, housing finance, housing prices, mortgage foreclosures, mortgages
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Data Brief
New York City Quarterly Housing Update 2011: 2nd Quarter
In an analysis of second quarter housing indicators, the Furman Center finds that home sales volume declined 20 percent from the first to the second quarter of 2011, although home prices citywide held steady. The report also finds that new construction is slowly starting to return with 1,556 units authorized by new residential building permits between January and June 2010, compared with 1,703 units authorized in all of 2010.
The Furman Center for Real Estate and Urban Policy. August 2011.
affordable housing, housing prices, mortgage foreclosures, neighborhoods
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Data Brief
New York Quarterly Housing Update 2011: 1st Quarter
In an analysis of first quarter housing indicators, the Furman Center finds that housing prices declined between the last quarter of 2010 and the first quarter of 2011 in every borough except Queens, where prices remained essentially flat. The volume of home sales continued to decline in every borough compared to the previous year. The Quarterly Housing Update is unique among New York City housing reports because it incorporates sales data, new construction indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality.
The Furman Center for Real Estate and Urban Policy. May 2011.
affordable housing, housing prices, mortgage foreclosures, neighborhoods
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Data Brief
New York City Quarterly Housing Update 2010: 4th Quarter
In an analysis of fourth quarter housing indicators, the Furman Center finds that home prices outside of Manhattan are still in decline, but foreclosures are down citywide. The Quarterly Housing Update, which uses six key indicators of housing market performance from a variety of data sources, is the only New York City housing report to incorporate sales data, development indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality.
The Furman Center for Real Estate and Urban Policy. February 2011.
affordable housing, housing prices, mortgage foreclosures, neighborhoods
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Data Brief
New York City Quarterly Housing Update 2010: 3rd Quarter
In an analysis of third quarter housing indicators, the Furman Center finds that home sales declined between the second to third quarter of 2010, but the foreclosure crisis appears to be slowing citywide. The Quarterly Housing Update, which uses six key indicators of housing market performance from a variety of data sources, is the only New York City housing report to incorporate sales data, development indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality.
The Furman Center for Real Estate and Urban Policy. December 2010.
affordable housing, housing prices, mortgage foreclosures, neighborhoods
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Article
Silver Bullet or Trojan Horse? The Effects of Inclusionary Zoning on Local Housing Markets in the United States
Many local governments are adopting inclusionary zoning (IZ) as a means of producing affordable housing without direct public subsidies. In this paper, we use panel data on IZ in the San Francisco metropolitan area and Suburban Boston to analyze how much affordable housing the programs produce and how IZ affects the prices and production of market-rate housing. The amount of affordable housing produced under IZ has been modest and depends primarily on how long IZ has been in place. Results from Suburban Boston suggest that IZ has contributed to increased housing prices and lower rates of production during periods of regional house price appreciation. In the San Francisco area, IZ also appears to increase housing prices in times of regional price appreciation but depresses prices during cooler regional markets. There is no evidence of a statistically significant effect of IZ on new housing development in the Bay Area.
Schuetz, Jenny, Vicki Been, Rachel Meltzer.. Urban Studies June 10 . June 2010.
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