GEO 3611 Lecture Notes - Lecture 21: Median Income, Affordable Housing
27 Nov 2017
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Document Summary
Taking from last time, the housing market is still bad. Even up to now, it is still bad, but with one exception, in 2012. Multyfamily was high, but went lower in 2012. This slide is a table showing some changes in types of homes and how many more or less sold. Categories are singlefamily homes, residential construction, median single family sale price, and construction spending. He points out how the increase in sales prices is a great change in 2012. Not at peak or fabulous levels, but it is improving, at least. The turning point clearly seems to be the 2010-11 situation, with the positives starting at 2012. A graph showing delinquent loans and foreclosure lines. 2010 (plus or minus) is around where the peak is. Another graph showing rental and homeowner vacancy rates. A graph showing the housing p(cid:396)i(cid:272)es i(cid:373)p(cid:396)o(cid:448)i(cid:374)g afte(cid:396) (cid:1006)(cid:1004)(cid:1005)(cid:1006) (cid:894)i(cid:374) ho(cid:373)eo(cid:449)(cid:374)e(cid:396)"s e(cid:395)uit(cid:455)(cid:895). The u(cid:374)de(cid:396)(cid:449)ate(cid:396) borrowers are getting lower as well.
