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Will Portland Always Be a Retirement Community for the Young?
Media Mentions | September 21, 2014 | The New York Times
The article cites a paper by Professor Chris Mayer that coins the term “superstar cities,” referring to large metropolitan areas that have become largely unaffordable to the middle class.
Many Homeowners Still Qualify for Mortgage Relief
Media Mentions | August 26, 2014 | NPR
Professor Chris Mayer says there’s been much improvement to the HARP program since it launched in 2009, but in the early years it cost 500,000 foreclosures that were otherwise preventable.
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.
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.
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.
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.”
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.
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.
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.
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.
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