We have published several blog posts recently on the impact of education on income. It should be common knowledge that higher levels of education correspond with higher incomes. But how do income brackets break down across education levels? Or asked differently, how badly do you need a bachelor’s degree if you want to make six figures? Read More ›

This month in Mortgage Banking Magazine, I have an article entitled “Equity For All” in which I discuss the importance of homeownership for economic mobility and growth. This is particularly important today as the homeownership rate is at 25 year lows and some are suggesting that it may even fall further (see the recent research from Urban ... Read More ›

In a previous blog post, we explored the relationship between the age of the US Hispanic population and its homeownership rate; now, let’s examine a second factor: income. As shown in the first figure, higher income clearly correlates with higher rates of homeownership. Just like our measure of age and homeownership in the last post, the biggest ... Read More ›

Hispanics are the most rapidly growing ethnic group in the United States, more than doubling in number over the past 20 years. This demographic that accounts for a fifth of the millennial population will play an ever-increasing and important role in the housing market, upcoming elections, and the future of the country as a whole. However, ... Read More ›

Last week, I spoke at the National Association of Business Economists Los Angeles chapter event entitled “Rebuilding the American Dream.” This was a particularly exciting presentation for me as it is a rarity that I get to speak to a group of professionals with similar training and background. Yes, 30 economists all in a room together! Only other ... Read More ›

NAR Existing-Home Sales numbers for April will be released on Thursday, May 21st. We have crunched the numbers based on April data and believe that the market continues to under-achieve relative to its capacity. Based on fundamentals, housing market capacity continued to strengthen in April based on the most recent information on labor markets, ... Read More ›