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Research & Policy
Furman Center Releases New York City Quarterly Housing Report
May 19, 2011: A new Furman Center analysis of first quarter housing indicators 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 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. View the press release.
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News & Events
Furman Center Faculty Director Speaks at Federal Reserve Community Affairs Research Conference
April 28: Furman Center Faculty Director Vicki Been addressed researchers, policy makers and practitioners and the Federal Reserve’s annual Community Affairs Research Conference in Arlington, VA. She presented findings on the factors that determine who receives a loan modification, based on research underway in a collaboration between NYU’s Furman Center and the Office of the Comptroller of the Currency. View her presentation.
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Research & Policy
Furman Center and Institute for Education and Social Policy Release Study on Foreclosures and Kids
April 20, 2011: The second in a two-part series on the effects of the foreclosure crisis on children, Foreclosure and Kids: Does Losing Your Home Mean Losing Your School? addresses the relationship between foreclosure and student mobility. New York University’s Institute for Education and Social Policy (IESP) and Furman Center for Real Estate and Urban Policy find that New York City public school students living in buildings entering foreclosure are more likely to switch schools than their peers, less likely to leave the school system, and that their new schools tend to be lower performing than the ones they left. Read the press release. The next stage in this research will examine the effects of housing instability on children’s educational outcomes.
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Research & Policy
Furman Center Releases 2010 State of New York City’s Housing and Neighborhoods Report
April 12, 2011: The Furman Center is pleased to present the 2010 edition of the State of New York City’s Housing and Neighborhoods. In this annual report, the Furman Center compiles statistics on housing, demographics and quality of life in the City, its five boroughs and 59 community districts. This year we examine the impact of foreclosures on New York City’s multi-family rental housing stock, analyze where New Yorkers live and work and how they commute, and highlight the Furman Center’s latest research on public and subsidized rental housing. Read the press release here.
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News & Events
Sarah Gerecke Moderates Foreclosure Panel at New York City Bar
March 29, 2011: Sarah Gerecke, Executive Director of the Furman Center, moderated a panel titled “The Residential Foreclosure Crisis: Where Do We Go From Here?” at the New York City Bar Association. The panel looked at policies that have been used to address the foreclosure crisis, such as the Home Affordable Modification Program, and also discussed what the future of mortgage lending and homeownership might look like. In addition to moderating, Sarah Gerecke presented on current foreclosure trends in New York City and how foreclosures affect renters, children and neighboring properties. View the presentation here.
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News & Events
Ingrid Gould Ellen Presents at New York Chapter APA Panel on the Foreclosure and Credit Crisis
March 21, 2011: Ingrid Gould Ellen gave a presentation on the causes and consequences of the foreclosure crisis in New York City at a panel discussion titled “2011: The Growing Impact of the Subprime Mortgage and Credit Crisis on New York City,” hosted by the New York chapter of the American Planning Association. Professor Ellen talked about the continuing impacts of foreclosures on people and neighborhoods, as well as the number and neighborhoods most affected. View slides of the presentation.
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News & Events
Furman Center Researchers Present at the HUD American Housing Survey User Conference
March 8, 2011: Furman Center researchers presented two new studies highlighting creative ways to use AHS data at the inaugural U.S. Department of Housing and Urban Development American Housing Survey (AHS) User Conference in Washington, DC. Keren Horn presented “Urban ‘Pioneers’: Why do Higher Income Households Choose Lower Income Neighborhoods?” which uses AHS data to study households who move into neighborhoods with lower incomes than their own in 1991-1995 and 2001-2005. Samuel Dastrup presented “Household Energy Bills and Subsidized Housing” which studies incentives that federal housing assistance programs create for whether tenants or landlords pay utility bills and for subsequent energy consumption.
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News & Events
Ingrid Gould Ellen Moderates Abu Dhabi Panel “Housing Middle Income Households in High Cost Cities”
March 3, 2011: Furman Center Faculty Co-Director Ingrid Gould Ellen moderated a panel at the NYU Abu Dhabi Institute on “Housing Middle Income Households in High-Cost Cities.” The panel discussed how the increase in income inequality over the past two decades has contributed to higher housing costs. Additionally, the panel noted that middle income households often get left out because they do not qualify for government housing programs and cannot afford housing due to the rising costs. Panelists included Talal Al Dhiyebi, Director of Planning and Infrastructure at Aldar Properties, and Val Zillig, Planning Manager at Urban Planning Council.
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News & Events
Josiah Madar Presents at FDIC Advisory Committee on Economic Inclusion’s Mortgage Subcommittee
March 1, 2011: Furman Center Research Fellow Josiah Madar joined the FDIC’s Advisory Committee on Economic Inclusion’s Mortgage Subcommittee for a forum, “Restoring Responsible LMI Mortgage Lending” on Tuesday, March 1st, 2011. Josiah discussed mortgage lending trends, obstacles, and challenges for low and moderate income households on a panel moderated by Barbara Ryan, Deputy to the Vice Chairman of the FDIC.
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Research & Policy
Furman Center Releases New York City Quarterly Housing Report
February 25, 2011: A new Furman Center analysis of fourth quarter housing indicators 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. View the press release.