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June

16

2010

The Housing Bust and Housing Affordability in New England: An Update on Housing Affordability Measures

Written by Robert Clifford, a research associate at the New England Public Policy Center at the Federal Reserve Bank of Boston, this discussion paper updates the Center's 2006 housing affordability working paper, drawing on housing market data through 2008 to provide an in-depth analysis of housing affordability after the recent housing market bust. The paper's results show that as New England's housing prices have declined, affordability has been returning to the pre-housing crisis levels of the early 2000s. However, declining prices nationwide continue to make owner-occupied housing in most New England states less affordable than in the nation.

June

15

2010

Unaffordable Housing and Local Employment Growth

Written by researchers Ritashree Chakrabarti and Junfu Zhang, out of the New England Public Policy Center at the Federal Reserve Bank of Boston, this working paper discusses how housing affordability is linked to employment growth and why unaffordable housing could negatively affect employment growth. The effect is empirically measured using data on California municipalities and U.S. metropolitan areas and counties.

March

1

2010

Annual Report - 2009

Includes essays on MHP's rental housing financing efforts in Amherst, Canton, Haverhill, Boston and Springfield, as well as a profile of a Lynn family that bought it's first home with a SoftSecond loan.

December

29

2009

A Rollercoaster Decade for Migration

Presented by the Brookings Institute, new Census numbers released last week underscore an often unnoticed consequence of the what Time magazine called the “Decade from Hell”: a topsy-turvy pattern of population movement both across the U.S. and into its borders over a 10 year period which is ending with the greatest migration slowdown since the end of World War II. These migration shifts were affected by a series of events that include a mid-decade housing bubble, followed by the financial crises and Great Recession, in addition to the mobility implications of Katrina and the 9-11 terrorist attacks. They led to boom, and then bust experiences for much of the South and West as the decade began, and windfall gains for northern and coastal states that were major donors to the earlier Sun Belt surge.