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Home Equity Assistance Program: A Direct Solution for Foreclosure Mitigation
(Dotzour & Klassen) No. 1906, Technical report, 44pp. (7/20/2009) |
 The author proposes a more holistic view of the global financial crisis and offers a solution that meets the needs of all affected parties, including distressed homeowners, taxpayers, banks, mortgage-backed security investors and politicians.
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"When Data Collide"
(Gaines) No. 1905, Tierra Grande reprint, 4pp. (7/20/2009) |
 Tracking trends in home prices is a challenge because methods of measuring price changes differ widely. Some methods track only new home sales, while others track both new and existing homes. Some do not include distressed property sales. In the end, results of any one method may be skewed.
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"Balancing Act: What is a 'Normal' Market?"
(Gaines) No. 1897, Tierra Grande reprint, 3pp. (4/27/2009) |
 The months inventory measure is one way to determine the relative balance of housing supply and demand in a market. As supply increases relative to demand, prices tend to fall. Inventory level is not the only factor affecting prices, so the relationship is not a direct, mathematically precise computation. Rather, it is a general indicator of the direction and potential magnitude of future price changes.
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"Solving America's Housing Crisis"
(Dotzour) No. 1903, Tierra Grande reprint, 2pp. (4/27/2009) |
 The problems in the housing market are the result of too much supply and not enough demand. Construction of new homes in over supplied markets should end. Investors should be encouraged to purchase vacant homes for rental purposes. And the government should guarantee Fannie and Freddie mortgage bonds to restore faith in those entities.
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"'09 Outlook: Nothing Certain but Uncertainty"
(Gaines) No. 1891, Tierra Grande reprint, 5pp. (1/19/2009) |
 This year (2009) will not be as good as the past few for Texas housing markets thanks to the global economic recession and capital market collapse. Home sales will continue to dip, as will new home construction, which is expected to fall for at least the next two years. Recovery depends on the home mortgage credit market and the financial sector at large regaining stability.
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"The H Factor"
(Anari) No. 1889, Tierra Grande reprint, 3pp. (1/19/2009) |
 Center research findings indicate that household income and age of the housing stock are the most important factors in determining Texas home prices.
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Bold Government Can Solve America's Housing Crisis
(Dotzour) No. 1884, Technical report, 2pp. (12/4/2008) |
 This short white paper outlines the author's four-part proposal to stop the decline in America's national housing market.
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"Foreclosure Forecast: Texas Floats While Nation Flails"
(Gaines) No. 1876, Tierra Grande reprint, 4pp. (10/20/2008) |
 The national economic emergency is deepening, but Texas is doing better than most states.
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"After the Fallout"
(Dotzour) No. 1871, Tierra Grande reprint, 2pp. (7/22/2008) |
 The "no-risk" environment of the past few years spurred lenders to make risky loans and investors to buy those loans. Before the U.S. housing market can begin to bottom out, prices have to stop falling, and investor confidence in traditional mortgages must be restored.
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"Still Standing: New Jobs Keep Texas Housing Going"
(Gaines) No. 1869, Tierra Grande reprint, 5pp. (7/22/2008) |
 Texas' housing market continues to be significantly stronger than the national market. Home sales will probably decline, but prices should be flat. New home construction will remain soft until the market finds balance.
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"Bubble Watch 2008"
(Anari) No. 1854, Tierra Grande reprint, 3pp. (4/24/2008) |
 House values are determined by net rents. Stock price-to-earnings ratios can be helpful when studying home price-to-rents ratios. Monitoring these ratios can yield a "normal" price-to-rent ratio for an area, which in turn can suggest whether a price bubble may occur.
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"Me, You and Grandpa, Too: Designing Homes for Life"
(Cowley) No. 1807, Tierra Grande reprint, 3pp. (1/15/2007) |
 Universal design refers to the design and production of buildings and produts convenient for people of all ages, with and without disabilities. Incorporating these features into homes as they are built makes the homes livable at every stage of life.
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"Mean Reversion: Over Time, Texas Home Prices Mirror Nation's"
(Anari) No. 1805, Tierra Grande reprint, 3pp. (1/15/2007) |
 The average price of a home sold in Texas and in the state's major metro areas tends toward national average home prices over time. The mean ereversion tendency in local home prices has important implications for investing in residential real estate markets
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"Measuring Up: Supply, Demand and Home Price Appreciation"
(Gaines & Anari) No. 1794, Tierra Grande reprint, 4pp. (10/20/2006) |
 From 2001-04, Texas' rate of average home price increase was 64 percent lower than the U.S. rate. While the demand for Texas housing increased significantly during those years, the corresponding growth in supply of housing units offset a great deal of the potential price increase.
The five major Texas metropolitan areas average one home sale for every 23 residents, down from one sale per 34.5 residents a decade earlier. Meanwhile, the state's major metro areas issued an average of oue new single-family building permit for every 3.3 new residents, down from 4.4 new residents in 1980-84.
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Homeownership Costs and Housing Affordability Sensitivity
(Gaines) No. 1789, Technical report, 22pp. (10/4/2006) |
 Real estate agents, homeowners and prospective homeowners know the key to acquiring a home is qualifying for the purchase mortgage. This analysis explores the role that principal, interest, taxes, utilities and insurance have on affordability.
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"Housing's Perfect Storm"
(Gaines) No. 1768, Tierra Grande reprint, 4pp. (4/18/2006) |
 Texas' residential market is healthy now, but we all know life is uncertain. What would happen if the worst case scenario came to pass?
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"Texas Housing Bubble: Truth or Scare?"
(Gaines) No. 1769, Tierra Grande reprint, 4pp. (4/18/2006) |
 The bubble talk just won't go away. But a good look at important market indicators should give Texas homeowners some peace of mind.
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"What's Happening with Home Appreciation?"
(Gaines) No. 1773, Tierra Grande reprint, 3pp. (4/18/2006) |
 Texas home prices have not appreciated as rapidly as those in other parts of the United States. Here's why.
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"Home Investment: Residential Property Prices and Inflation"
(Anari) No. 1762, Tierra Grande reprint, 2pp. (12/16/2005) |
 A study of Texas home prices and inflation over the past quarter century will interest those wondering whether residential housing is a good investment.
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"Gimme Shelter"
(Cowley) No. 1746, Tierra Grande reprint, 2pp. (10/14/2005) |
 Fannie Mae's broad array of homeownership programs assist low- to middle-income buyers as they negotiate various obstacles on the way to the American Dream.
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