Homeownership

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With millions of American families facing foreclosure and the U.S. Senate moving toward approval of a compromise bill, the public policy center Demos takes stock of the housing market crisis and the federal response to date. The findings of a new Demos report--"Beyond the Mortgage Meltdown: Addressing the Current Crisis, Avoiding a Future Catastrophe"--show that, beyond the terrible consequences families face in this crisis, the housing market is in short- and long-term economic peril.

The State of the Nation’s Housing report has been released annually by Harvard University’s Joint Center for Housing Studies since 1988. Now in its 20th year, it continues to serve as an essential resource for both public policy makers and private decision makers in the housing industry. This year’s report provides a current assessment of the changing housing market; housing’s role in the economy; housing affordability challenges; and the demographic trends driving long-run housing demand.

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Is the American Dream slipping away? One in 33 current U.S. homeowners may be headed toward foreclosure in the coming years because of subprime loans, according to our new report, Defaulting on the Dream. In some states, the crisis is particularly acute—in Arizona, for instance, one in every 18 homeowners could lose their home; in Nevada, the ratio is one in 11. The problem hardly stops there. Because of foreclosures in their communities, an additional 40 million homeowners may see their property values and… more

America’s Rental Housing- The Key to a Balanced National Policy is the Joint Center for Housing Studies’ latest look at rental housing issues, and in particular the effect that current mortgage market meltdown is having on the wellbeing of renters and the construction and preservation of the rental housing inventory. Its goal is to provide public policy makers, state and local housing agencies and private business leaders engaged in the rental market with information about the role of rental housing in the national housing agenda,… more

Successful IDA homeownership programs rely upon an abundance of housing assistance products aimed at complementing and leveraging their IDA matching grants. Households earning 200% of poverty must rely upon housing assistance programs that offer much more than the average $2,000 IDA matching grants. Many homebuyers’ matching IDA grants are in amounts that do not even cover the closing costs of their first mortgage. Fortunately, an ever-increasing number of local, state and federal programs provide financial aid to low-income first time… more