Mastering the metropolis through research and thought leadership.
Working Papers

Forces Influencing the Housing Market Recovery

Working paper #688
Kenneth T. Rosen

Home prices increased in many metropolitan areas during late 2009 and early 2010, leading many to question whether prices would continue to increase or decline again in the near term. Because of several fundamental improvements, it is apparent that the single-family housing market is in the midst of a real and sustainable recovery. Government measures to limit foreclosures and maintain high affordability levels are slowly working to sustain homebuyer demand and keep families in their homes. Additionally, a minimal amount of new construction has limited the number of available homes even as sales activity is gaining momentum. Although a robust recovery faces significant headwinds, including high unemployment and the potential for continued foreclosure activity, the combination of limited supply and increasing demand, driven by improvement in fundamentals and high affordability, leads to the conclusion that home prices will continue to increase.

Download full paper · 1MB PDF


In This Section
Explore Topics

1010 Affordable Housing Amazon Amenitization Architecture Artificial Intelligence Asia Australia automation Autonomous Vehicles bonds Borrowing Constraints Brexit California Canada Capital Business China Co-Working Environment coastal markets cold storage Colombia Commercial Brokerage Commercial Real Estate commissions Congestion consumer bias covid-19 CRE credit card market Credit Default Swaps Credit Insurance Credit Risk Transfers Culture Data Analytics data centers Data Collection Technology Debt Market Demand Demographics Density Development Discrete Choice disruption Diversity drones e-Commerce Economic Corridors economic policy economics education election studies Equity Funds Equity Market Ethnic Factors Europe Fannie Mae financial asset management Foreclosures Foreign Policy France Freddie Mac general equilibrium Global global economy Global Financial Crisis Globalization great depression Great Recession healthy buildings Hedonic hospitality Housing & Residential housing boom Housing Disease housing prices Housing Supply Identity Income Inequality India inflation Inter-generational mobility interest rates Investing jobs labor market Lagging Regions land use regulation Language life sciences Macroeconomics malls Market Pricing megacities Microeconomics Migration Minimum Payments Mixed-Use Mobility moral hazard mortgage insurance mortgage market Mortgage Rates Mortgages Multi-family Nation Building Non-Traditional Mortgages Office Market office sector pension funds Placed Based Policies Political Risk Price Discovery Private Equity Business public health public policy Public Schools real estate brokerage Real Estate Investment Real Estate Investment Trusts Recession Rental Retail Retirement reverse mortgages Risk Adjustment risk management risk-shifting robotics single family housing Slums Sorting South America Spatial Regions spillover effect stimulus package Sub-Prime Mortgages Supply Chains Sustainability Technology telecommunications trade transportation unemployment United States Urban Urbanization Warehouse welfare work from home

arrow_drop_up