Center for Microeconomic Data

 
HOUSING MARKET 
Reports and Data
Analysis
Liberty Street Economics
Archive
2023
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Following Borrowers Through Forbearance
November 2020
Inequality in U.S. Homeownership Rates by Race and Ethnicity
July 2020
Who Has Been Evicted and Why?
July 2020
Did Subprime Borrowers Drive the Housing Boom?
February 2020
Optimists and Pessimists in the Housing Market
October 2019
Mind the Gap in Delinquency Rates
August 2019
Press Briefing on the Evolution and Future of Homeownership
May 2019
Homeownership and Housing
Olivier Armantier, Andrew F. Haughwout, Gizem Kosar, Donghoon Lee, Joelle W. Scally, and Wilbert van der Klaauw
NEW YORK FED, May 2019
The Sustainability of First-Time Homeownership
April 2019
Who’s on First? Characteristics of First-Time Homebuyers
April 2019
A Better Measure of First-Time Homebuyers
April 2019
Just Released: New York Fed Press Briefing Highlights Changes in Home Equity and How It’s Used
May 2018
Home Prices, Housing Wealth, and Home Equity Extraction
Andrew F. Haughwout, Donghoon Lee, Joelle W. Scally, and Wilbert van der Klaauw
NEW YORK FED, May 2018
Homeownership and Housing Wealth
Beverly Hirtle, Executive Vice President and Director of Research
New York Fed, May 2018
Remarks at the Economic Press Briefing on Homeownership and Housing Wealth
Beverly Hirtle, Executive Vice President and Director of Research
New York Fed, New York City, May 2018
Just Released: Is Housing a Good Investment? Where You Stand Depends on Where You Sit
April 2018
Just Released: Great Recession’s Impact Lingers in Hardest-Hit Regions
February 2018
Did Import Competition Boost Household Debt Demand?
January 2018
Household Borrowing in Historical Perspective
May 2017
Just Released: 2017 SCE Housing Survey Finds Increased Optimism about Home Price Growth
May 2017
Survey of Consumer Expectations: Housing Survey 2017
Andreas Fuster, Basit Zafar, and Nima Dahir
NEW YORK CITY, May 2017
Diplomas to Doorsteps: Education, Student Debt, and Homeownership
April 2017
Household Borrowing, Student Debt Trends, and Homeownership
William C. Dudley, President and Chief Executive Officer
New York Fed, New York City, April 2017
Opening Remarks at the Economic Press Briefing on Household Borrowing, Student Debt Trends and Homeownership
William C. Dudley, President and Chief Executive Officer
New York Fed, New York City, April 2017
Presentation: Press Briefing on Household Debt with a Focus on Student Debt
Rajashri Chakrabarti, Andrew Haughwout, Donghoon Lee, Joelle W. Scally, and Wilbert van der Klaauw
NEW YORK FED, April 2017
When Debts Compete, Which Wins?
March 2017
Just Released: Total Household Debt Nears 2008 Peak but Debt Picture Looks Much Different
February 2017
Evolving Consumer Behavior
William C. Dudley, President and Chief Executive Officer
New York Fed, New York City, January 2017
Risky Business: Government Mortgage Insurance Programs
June 2016
Just Released: 2016 SCE Housing Survey Shows Modest Decline in Home Price Expectations
June 2016
Survey of Consumer Expectations: Housing Survey 2016
Andreas Fuster, Basit Zafar, and Kevin Morris
NEW YORK CITY, June 2016
Economic Opportunity and Income Mobility
William C. Dudley, President and Chief Executive Officer
New York Fed, New York City, April 2016
The Graying of American Debt
February 2016
Whither Mortgages?
February 2016
Just Released: Household Debt Grew Slowly in 2015 as Mortgage Balances Stayed Flat
February 2016
Remarks at the New York Fed’s Economic Press Briefing on the Household Debt and Credit Report
William C. Dudley, President and Chief Executive Officer
New York Fed, New York City, February 2016
The Effect of Fed Funds Rate Hikes on Consumer Borrowing Costs
December 2015
Trends in Debt Concentration in the United States by Income
November 2015
Rethinking Mortgage Design
August 2015
How Sensitive Is Housing Demand to Down Payment Requirements and Mortgage Rates?
July 2015
Just Released: 2015 SCE Housing Survey Shows Households Optimistic about Housing Market
May 2015
Just Released: Mortgage Borrowing among Most Creditworthy Abates
May 2015
Survey of Consumer Expectations: Housing Survey 2015
Andreas Fuster, Basit Zafar, and Micah Smith
NEW YORK CITY, May 2015
Survey of Consumer Expectations: Housing Survey 2015 (Report)
Andreas Fuster, Basit Zafar, and Micah Smith
May 2015
Household Formation within the “Boomerang Generation”
February 2015
Just Released: Household Debt Balances Increase as Deleveraging Period Concludes
November 2014
Why Aren’t More Renters Becoming Homeowners?
September 2014
Introducing the SCE Housing Survey
September 2014
Survey of Consumer Expectations: Housing Survey 2014
ANDREAS FUSTER, BASIT ZAFAR, AND WILBERT VAN DER KLAAUW WITH MATTHEW COCCI
NEW YORK CITY, September 2014
Just Released: Young Student Loan Borrowers Remained on the Sidelines of the Housing Market in 2013
May 2014
Just Released: Who’s Borrowing Now? The Young and the Riskless!
February 2014
Just Released: Deleveraging Decelerates and Household Balances Increase
November 2013
Distressed Residential Real Estate: Dimensions, Impacts, and Remedies
July 2013
Improving Access to Refinancing Opportunities for Underwater Mortgages
July 2013
Young Student Loan Borrowers Retreat from Housing and Auto Markets
April 2013
Just Released: Press Briefing on Household Debt and Credit
February 2013
Underwater and Drowning? Some Facts about Mortgages that Could Be Targeted by Eminent Domain
February 2013
Opening Remarks at the Distressed Residential Real Estate: Dimensions, Impacts, and Remedies Conference
William C. Dudley, President and Chief Executive Officer
New York Fed, New York City, October 2012
How Much Can Refinancing Reduce the Risk of Mortgage Defaults?
September 2012
Just Released: Housing Checkup–Has the Market Finally Bottomed Out?
July 2012
A Boost in Your Paycheck: How Are U.S. Workers Using the Payroll Tax Cut?
May 2012
Why Mortgage Refinancing Is Not a Zero-Sum Game
January 2012
Housing and the Economic Recovery
William C. Dudley, President and Chief Executive Officer
New York Fed, New York City, January 2012
Flip This House: Investor Speculation and the Housing Bubble
December 2011
Helping Unemployed Borrowers Meet Their Mortgage Payments
September 2011
Just Released: Household Debt and Credit Developments in the Nation and the Region in 2011:Q1
May 2011
Have Consumers Been Deleveraging?
March 2011
Regional Economy and Housing Update
William C. Dudley, President and Chief Executive Officer
New York Fed, New York City, October 2010
Publications
BY CMD RESEARCHERS
Nonconforming Preferences: Jumbo Mortgage Lending and Large Bank Stress Tests
Andrew F. Haughwout, Donald P. Morgan, Michael Neubauer, Maxim L. Pinkovskiy, and Wilbert van der Klaauw
Journal of Money, Credit and Banking (online), September 2024
The Financial Consequences of Undiagnosed Memory Disorders
Carole Roan Gresenz, Jean M. Mitchell, Belicia Rodriguez, R. Scott Turner, and Wilbert van der Klaauw
Federal Reserve Bank of New York Staff Reports, May 2024
Intermediation Frictions in Debt Relief: Evidence from CARES Act Forbearance
You Suk Kim, Donghoon Lee, Tess Scharlemann, and James Vickery
Federal Reserve Bank of New York Staff Reports, October 2022
Archive
More
Understanding Migration Aversion Using Elicited Counterfactual Choice Probabilities
Gizem Kosar, Tyler Ransom, and Wilbert van der Klaauw
Federal Reserve Bank of New York Staff Reports, April 2019
Long-Term Outcomes of FHA First-Time Homebuyers
Donghoon Lee and Joseph Tracy
Federal Reserve Bank of New York Economic Policy Review, December 2018
Echoes of Rising Tuition in Students’ Borrowing, Educational Attainment, and Homeownership in Post-Recession America
Zachary Bleemer, Meta Brown, Donghoon Lee, Katherine Strair, and Wilbert van der Klaauw
Federal Reserve Bank of New York Staff Reports, July 2017
Disaster (Over-)Insurance: The Long-Term Financial and Socioeconomic Consequences of Hurricane Katrina
Zachary Bleemer and Wilbert van der Klaauw
Federal Reserve Bank of New York Staff Reports, February 2017
Tracking and Stress-Testing U.S. Household Leverage
Andreas Fuster, Benedict Guttman-Kenney, and Andrew F. Haughwout, FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS
November 2016
Home Price Expectations and Behavior: Evidence from a Randomized Information Experiment
LUIS ARMONA, ANDREAS FUSTER, AND BASIT ZAFAR
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, October 2016
To Buy or Not to Buy: Consumer Constraints in the Housing Market
Andreas Fuster and Basit Zafar
AMERICAN ECONOMIC REVIEW PAPERS AND PROCEEDINGS, May 2016
Do We Know What We Owe? Consumer Debt as Reported by Borrowers and Lenders
Meta Brown, Andrew Haughwout, Donghoon Lee, and Wilbert van der Klaauw
FEDERAL RESERVE BANK OF NEW YORK ECONOMIC POLICY REVIEW, October 2015
Determinants of Mortgage Default and Consumer Credit Use: The Effects of Foreclosure Laws and Foreclosure Delays
SEWIN CHAN, ANDREW HAUGHWOUT, ANDREW HAYASHI, AND WILBERT VAN DER KLAAUW
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, June 2015
Securitization and the Fixed-Rate Mortgage
Andreas Fuster and James Vickery
REVIEW OF FINANCIAL STUDIES, November 2014
The Sensitivity of Housing Demand to Financing Conditions: Evidence from a Survey
Andreas Fuster and Basit Zafar
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, November 2014
Debt, Jobs, or Housing: What's Keeping Millennials at Home?
ZACHARY BLEEMER, META BROWN, DONGHOON LEE, AND WILBERT VAN DER KLAAUW
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, November 2014, Revised July 2015
The Rising Gap between Primary and Secondary Mortgage Rates
ANDREAS FUSTER, LAURIE GOODMAN, DAVID LUCCA, LAUREL MADAR, LINSEY MOLLOY, AND PAUL WILLEN
FEDERAL RESERVE BANK OF NEW YORK ECONOMIC POLICY REVIEW, December 2013
The Impact of Housing Markets on Consumer Debt: Credit Report Evidence from 1999 to 2012
META BROWN, SARAH STEIN, AND BASIT ZAFAR
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, September 2013
Negative Equity and Housing Investment
ANDREW HAUGHWOUT, SARAH SUTHERLAND, AND JOSEPH TRACY
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, September 2013
The Financial Crisis at the Kitchen Table: Trends in Household Debt and Credit
Meta Brown, Andrew F. Haughwout, Donghoon Lee, and Wilbert van der Klaauw
FEDERAL RESERVE BANK OF NEW YORK CURRENT ISSUES IN ECONOMICS AND FINANCE, April 2013
Payment Size, Negative Equity, and Mortgage Default
Andreas Fuster and Paul Willen
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, November 2012
Payment Changes and Default Risk: The Impact of Refinancing on Expected Credit Losses
Joseph Tracy and Joshua Wright
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, June 2012
The Supply Side of the Housing Boom and Bust of the 2000s
ANDREW HAUGHWOUT, RICHARD W. PEACH, JOHN SPORN, AND JOSEPH TRACY
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, March 2012
Do We Know What We Owe? A Comparison of Borrower- and Lender-Reported Consumer Debt
Meta Brown, Andrew F. Haughwout, Donghoon Lee, and Wilbert van der Klaauw
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, October 2011
Real Estate Investors, the Leverage Cycle, and the Housing Market Crisis
ANDREW F. HAUGHWOUT, DONGHOON LEE, JOSEPH TRACY, AND WILBERT VAN DER KLAAUW
FEDERAL RESERVE BANK OF NEW YORK, September 2011
Second Chances: Subprime Mortgage Modification and Re-Default
ANDREW HAUGHWOUT, EBIERE OKAH, AND JOSEPH TRACY
FEDERAL RESERVE BANK OF NEW YORK STAFF REPORTS, August 2010
The Homeownership Gap
ANDREW HAUGHWOUT, RICHARD PEACH, AND JOSEPH TRACY
FEDERAL RESERVE BANK OF NEW YORK CURRENT ISSUES IN ECONOMICS AND FINANCE, May 2010
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