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Speech
Current challenges in housing and home loans: complicating factors and the implications for policymakers.
Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for The New England Economic Partnership?s Spring Economic Outlook Conference on Credit, Housing, and the Consequences for New England, Boston, Massachusetts, May 30, 2008
Briefing
The New England rental market
New England?s rental prices are high but relatively affordable to most residents.
Discussion Paper
Foreclosure's price-depressing spillover effects on local properties: a literature review
The costs of foreclosure often spill over from foreclosed properties to other nearby properties. This short paper reviews some of the research on foreclosure's price-depressing impact on sales of nearby properties, only one of several forms of spillover effects. The studies reviewed here focus on various cities, use different datasets and methodologies, employ different assumptions, and cover different time periods. Their conclusions about foreclosure effects range from reducing nearby properties' sales value by as little as 0.9% to as much as 8.7%. Research also shows that negative spillover ...
Briefing
Crowded out of the housing market: declining affordability and availability are squeezing New England's very low-income households
Though many New Englanders find it difficult to buy and maintain a home or pay monthly rent, the problem is particularly acute for the region's very low-income households. While many reports about housing affordability focus on the growing affordability challenges faced by middle-income households, they often overlook a crucial problem in the region: very low-income households--those in the bottom fifth of the income distribution are squeezed by declining affordability and limited availability.