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Real Estate

Hong Kong Popping Housing Bubbles London Can’t Handle

Media Mentions | July 30, 2014 | Bloomberg Businessweek

Prof. Chris Mayer says the recent New York City mayoral election is just the beginning of increased attention around housing affordability as an election issue.

Topics: Business Economics and Public Policy, Real Estate | Read Article

Homeownership Equals Stability

Media Mentions | July 16, 2014 | The New York Times

In Room for Debate, Prof. Chris Mayer argues that homeownership is a pathway to long-term financial stability for many Americans.

Topics: Business Economics and Public Policy, Real Estate | Read Article

JPMorgan Pulls Back from Mortgage Lending on Foreclosure Worries

Media Mentions | July 15, 2014 | Reuters

Prof. Chris Mayer says that JPMorgan’s and other lenders’ reluctance to rely on government loan guarantees and insurance could make it more difficult for people to secure financing to buy homes, despite government programs that exist to help credit flow to these borrowers.

Topics: Business Economics and Public Policy, Real Estate | Read Article

Citigroup Pays Up for the Financial Crisis

Media Mentions | July 14, 2014 | MSNBC

Prof. Chris Mayer says that Citigroup’s $7 billion settlement with the Justice Department over accusations of misdeeds contributing to the financial crisis may be too little too late, since “the pending litigation and fears of uncertain rules have long inhibited new mortgage market activity and lending.”

Topics: Business Economics and Public Policy, Real Estate | Read Article

Some Scary Practices Return to US Property Market, but the Bubbles Are Overseas

Media Mentions | June 11, 2014 | CNBC

Prof. Shang–Jin Wei says that because most Chinese “tend to rely on savings and their children for financial security” instead of the retirement plans and social safety nets that are available to Americans, a crash in the Chinese housing market would not do the same damage as the US property market’s bust did in 2008.

Topics: Capital Markets and Investments, Real Estate, World Business | Read Article

Where Have All the First Time Home Buyers Gone?

Media Mentions | May 26, 2014 | Marketplace Radio

Prof. Chris Mayer says that less inventory, greater demand, and student loan debt among young people all contribute to a low rate of first–time home buying, even in the current post–bubble, post–recession economy.

Topics: Real Estate | Read Article

All Cash U.S. Home Purchases Surge with Rising Rates: Mortgages

Media Mentions | May 08, 2014 | Bloomberg News

Prof. Chris Mayer says that in a real estate market with fewer first–time homebuyers and an influx of all–cash buyers, there is less trading up in home activity.

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If the Housing Market Can't Find Its Mojo...

Media Mentions | May 08, 2014 | Marketplace Radio

Prof. Chris Mayer says that new and existing home sales have not recovered at normal or expected levels and that the housing slump may be impeding economic recovery in other sectors as well.

Topics: Real Estate | Read Article

With Clock Ticking on Mortgage Relief, Homeowners Wonder What’s Ahead

Media Mentions | March 10, 2014 | The Washington Post

Prof. Tomasz Piskorski says that if large institutional investors who bought homes in bulk at cheap prices retrench now that prices and interest rates are climbing, home prices may drop again, making it difficult for troubled borrowers to sell or refinance.

Topics: Real Estate | Read Article

Severe Weather Socks the Economy, but Full Impact Is Unclear

Media Mentions | March 04, 2014 | NPR

Prof. Chris Mayer says that while existing home sales have fallen in the last six months, there’s no statistical certainty that the economic slump is related to harsh winter weather conditions.

Topics: Real Estate | Read Article