a column by Jane Kelly, Julia Le Blanc and Reamonn Lydon for VOX: CEPR’s Policy Portal
Loan-to-value limits and other borrower-based macroprudential measures are now used in two-thirds of advanced economies.
This column uses survey data to document changes in credit standards in a cross-section of countries in the run-up to, and aftermath of, the financial crisis.
There is clear evidence of laxer credit standards in countries that experienced a real estate boom-bust, and a significant tightening after the bust. The results imply that compared to earlier years, younger and lower-income borrowers have to save for longer before buying.
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Showing posts with label housing_markets. Show all posts
Showing posts with label housing_markets. Show all posts
Wednesday, 28 November 2018
Tuesday, 18 June 2013
The End of Majority Home-ownership: The logic of continuing decline in a post-crash economy
an article by Nigel Sprigings (University of Glasgow, UK) published in People, Place & Policy Online Volume 7 Number 1 (2013)
Summary
There is a long tradition in the UK of using area based initiatives (ABIs) to attack problems of urban deprivation.
In 1998 the government launched an especially ambitious ABI: New Deal for Communities.
In 39 areas local Partnerships are driving forward ten-year programmes to narrow the gaps between these neighbourhoods and the rest of the country in relation to crime, education, jobs and so on.
Change data indicates that there has been continuing progress in NDC areas. But change has been more evident in relation to place based indicators, such as fear of crime, rather than people based outcomes such as fewer jobs, better health and do on.
The Programme confirms that regenerating deprived areas is a complex process not least because of continuing demographic 'churn' in these neighbourhoods.
Full text (PDF 15pp)
Summary
There is a long tradition in the UK of using area based initiatives (ABIs) to attack problems of urban deprivation.
In 1998 the government launched an especially ambitious ABI: New Deal for Communities.
In 39 areas local Partnerships are driving forward ten-year programmes to narrow the gaps between these neighbourhoods and the rest of the country in relation to crime, education, jobs and so on.
Change data indicates that there has been continuing progress in NDC areas. But change has been more evident in relation to place based indicators, such as fear of crime, rather than people based outcomes such as fewer jobs, better health and do on.
The Programme confirms that regenerating deprived areas is a complex process not least because of continuing demographic 'churn' in these neighbourhoods.
Full text (PDF 15pp)
Monday, 4 February 2013
Housing Market Renewal: where is it now?
via Centre for Cities by Joe Sarling
Over the past 12 months, housing has become the zeitgeist for economic growth – and rightly so.
Cities Outlook 2013 has shown that if we put the place back in to policy by understanding the variation in housing markets between cities, it has the potential to have quick economic wins as well as a more efficient long term strategy.
Continue reading where, as usual, you will find a useful visual.
Over the past 12 months, housing has become the zeitgeist for economic growth – and rightly so.
Cities Outlook 2013 has shown that if we put the place back in to policy by understanding the variation in housing markets between cities, it has the potential to have quick economic wins as well as a more efficient long term strategy.
Continue reading where, as usual, you will find a useful visual.
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