Rental prices are taxing lower-income families, with some Americans spending 30% to 50% of their monthly incomes on housing. And while multifamily properties are currently in construction, the trend of higher prices is far from over.
The talk of whether there is now a new bubble in housing is becoming cocktail-party discussion fodder yet again. But is there actually a bubble? Yale economics professor and co-namesake of perhaps the most popular housing price index (the S&P/Case-Shiller HPI) weighs in on the topic this weekend in an op-ed in The New York Times.
U.S. consumer confidence hit a brick wall in recent weeks as concerns over the potential tapering of the Federal Reserve’s monetary stimulus and recent spikes in mortgage interest rates drew more attention.
Layton has over 35 years of experience in financial services and as a corporate leader. He worked for nearly 30 years at JPMorgan Chase and its predecessors, starting as a trainee and rising to vice chairman and member of the three-person Office of the Chairman, retiring in 2004..
"The questions become, ‘Do the courts find a distinction between housing policy and lending, as in whether to make a loan and how you price that loan? Does the government get broader discretion than the private sector?’ ” Andreano said. “It’s not fleshed out.” Read More