Colburn, G., Hess, C., Allen, R., & Crowder, K. (2024). The dynamics of housing cost burden among renters in the United States. Journal of Urban Affairs, 1–20. https://doi.org/10.1080/07352166.2023.2288587.
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Abstract
Housing cost burden—defined as paying more than 30% of household income for housing—has become a central feature of the American stratification system with dire consequences for the health and well-being of adults and children living in burdened households. To date, existing research has largely focused on the overall prevalence and distribution of housing cost burden—that is, the percentage of households that are cost burdened at a given time and differences in exposure to housing cost burden based on race and income using cross-sectional sources of data. To more fully understand the dynamics of housing cost burden among renter households in the United States including the frequency and duration of spells, we use 50 years of longitudinal data from the Panel Study of Income Dynamics (PSID). The analysis reveals that, in contrast to the episodic nature of poverty, housing cost burden is deep, frequent, and persistent for a growing share of American households.
Keywords
Housing cost burden; rental housing; housing affordability; rent burden
Chu, A-Yong and Jeffrey Hou. 2023. Voices of Precarity in Taipei. Topos, 125: 78-84. https://shop.georg-media.de/topos-125/
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Abstract
This issue marks 125 issues of topos, the unique magazine for landscape architecture and urban planning. 1 2 5 issues of topos magazine. But: We do not want to use this anniversary to celebrate ourselves. Instead, we want to use this anniversary to focus on an urban issue that is so brutal that almost everyone would rather look the other way than take action: poverty. We want to use this issue of topos magazine to celebrate, in conversation with planners, city leaders and entrepreneurs, those people and projects, that work every day to create a more equitable metropolis of the future that provides warmth, food and shelter for everyone. So this is what’s #125 about. Celebrate with us what truly matters in the city of tomorrow.
Population Health Initiative gave 12 early-stage pilot grants to interdisciplinary teams. One team included Rebecca Walter, an associate professor in the Runstad Department of Real Estate. Project title: “Housing affordability and chronic stress in the US: Does affordability modify the effect of neighborhoods on health?” Project team: Amy J. Youngbloom, Department of Epidemiology Stephen J. Mooney, Department of Epidemiology Anjum Hajat, Department of Epidemiology Isaac Rhew, Department of Psychiatry & Behavioral Sciences Rebecca Walter, Runstad Department of Real Estate Project…
Steven Bourassa is an H. Jon and Judith M. Runstad Endowed Professor and Chair in the Runstad Department of Real Estate, and is Director of the Washington Center for Real Estate Research. Professor Bourassa was quoted in a Washington State Standard story entitled “Rents in Washington show signs of stabilizing,” as an expert in the field. Read the article here.
Gregg Colburn gave a talk to the Joint Center for Housing Studies, Initiative on Health and Homelessness, Government Performance Lab at Harvard University on November 3, 2023. The talk was recorded and is available on Youtube here.
The Federal Reserve Board of Governors hosts the ongoing “Keys to Opportunity in the Housing Market” seminar series, and in September 2023 featured 2 panel discussions. CBE’s Vince Wang (Real Estate) participated in the panel discussion entitled “Regulatory and Programmatic Strategies to Increase the Supply of Lower-Cost Rental Units.” The other panel topic was “Challenges for Rental Affordability in the Pandemic Era and Beyond.” Assistant Professor Wang discussed inclusionary zoning (IZ) programs and their impact on creating affordable housing. Read…
Khan, A. S., Aurand, A., Hamideh, S., Vickery, J., Walter, R. J., & Errett, N. A. (2023). Assessing the roles and responsibilities of public housing authorities in state-level disaster plans. International Journal of Disaster Risk Reduction, 98, 104074–. https://doi.org/10.1016/j.ijdrr.2023.104074
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Arthur Acolin & Rebecca J. Walter (2023). Mortgage Loan Costs: Magnitude and Drivers of Variation. Housing Policy Debate, DOI: 10.1080/10511482.2023.2236984
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Abstract
This article uses national data disclosed as part of the Home Mortgage Disclosure Act (HMDA) to examine variations in loan costs based on type of loan, borrower, purpose (purchase, improvement, or refinance), and neighborhood characteristics. Loan costs are generally higher for nonconventional conforming loans with higher levels of credit risks (loans with higher combined loan-to-value, higher debt-to-income ratios, and for investment properties). This implies that product and borrower risk impact loan costs. However, borrower characteristics such as income and race/ethnicity are also associated with differences in loan costs even after controlling for loan characteristics, location, and lender fixed effects. Total loan costs are higher both in dollar terms and as a share of the loan amount for Black borrowers and Hispanic borrowers, and total loan costs represent a higher share of the loan amount for lower income borrowers. These disparities are larger in neighborhoods with higher levels of lender concentration and implicit racial bias. These findings suggest that in addition to access to mortgages and interest rates, loan costs can represent a barrier for access to homeownership with a disparate impact for Black and Hispanic borrowers, which contributes to perpetuate the homeownership gap.
Keywords
Mortgage loan costs; homeownership; borrowing constraints; homeownership gap
Five projects were awarded Inspire Fund awards in February 2022. They have completed various stages of work and have provided a report on their progress and products. Below, excerpts from these reports are highlighted to showcase the work that has been “Inspired” in 2022-23. Rick Mohler: “One Seattle: Leveraging Seattle’s Comprehensive Plan Update to advance housing diversity, affordability, livability and racial equity” This funding supported products from the Architecture 594 research seminar and Architecture 508 design studio, which tasked students…
Research Interests: Mortgage, risk, demographics, finance and investment