By / 3.15.2016

As Americans choose a new president in 2016, populist anger dominates the campaign. To hear Donald Trump or Senator Bernie Sanders tell it, America is either a global doormat or a sham democracy controlled by the “one percent.” These dark narratives are caricatures, but they do stem from a real dilemma: America is stuck in […]

By / 8.5.2014

Like so many issues in Washington these days, the debate over what to do with the nation’s housing Government Sponsored Enterprises (GSE)—Fannie Mae and Freddie Mac—has been caught up in the Jihad against the role of government in any form. That’s a shame because last spring, with the announcement from Senate Banking Committee Chairman Tim […]

By / 5.31.2013

Senate Republicans are drawing a bead on Rep. Mel Watt (D-NC), President Obama’s pick to take over as Director of the Federal Housing Finance Agency(FHFA). A key reason is that Watt supports principal reduction, which is anathema to the GOP. It would be a shame, however, if Watt’s confirmation were scuttled over a dispute that […]


Simplicity is one of Bernie Sanders’ great strengths: Corporations and the rich have rigged the economy. His solutions sound simple, even when the plans behind them are complicated: college for all, health care for all, tax the rich, break up big banks. He trails Hillary Clinton in presidential delegates to this point, and he remains […]

In USA Today, Sam Zuckerman discusses the explosion of tech jobs and their impact on urban areas. While Zukerman notes the ability of tech jobs to bring economic growth to cities, he also highlights the negatives that come with the tech economy, primarily the increasingly high cost of housing that forces long-term resdients to move […]

Writing for Triangle Business Journal, Sarah Chaney quotes PPI Economist Diana Carew on North Carolina’s higher rate of homeownership among Millennials.  As the article describes, North Carolina has created an attractive economic climate, drawing in more first-time home owners than other states. According to Carew, this is a trend that will continue in North Carolina […]


By / 3.12.2014

The housing sector is one of the pillars of the U.S. economy. That’s why we have marveled at the many partisan and radical proposals to reform the federal housing finance system that would have trashed both what’s good and what’s bad with the current system. PPI continues to maintain that any reform proposal must stabilize […]

By / 8.9.2013

On Thursday, Zillow released its quarterly Home Price Expectations Survey showing forecasters expect the website’s Home Value Index to end 2013 with prices up 6.7%. The numbers surveyed from 106 real estate experts across the country (I am a panel member), showed a significant jump from the 5.4% reported by the survey last quarter. While […]

By / 5.29.2013

As the New York Times reported yesterday, the housing market is recovering, consumer confidence is at a five-year high and the market is in the midst of a strong recovery– The housing market is enjoying sustained momentum alongside record highs in the stock market, and is leading the broader recovery. Fannie Mae and Freddie Mac […]