HPS Housing Policy Brief Dec 17, 2012

Embed Size (px)

Citation preview

  • 7/30/2019 HPS Housing Policy Brief Dec 17, 2012

    1/9

    ! ! ! ! ! !"",(%'+-&"*&$#')/>&$#1'2)(&

    ,"%'J"k"()2Q"$P>'

    http://www.hamiltonplacestrategies.com/http://www.hamiltonplacestrategies.com/http://www.federalreserve.gov/newsevents/press/monetary/20121212a.htmhttp://www.federalreserve.gov/newsevents/speech/stein20121011a.htmhttp://www.economist.com/blogs/freeexchange/2012/11/monetary-policy-unintended-consequenceshttp://www.economist.com/blogs/freeexchange/2012/11/monetary-policy-unintended-consequenceshttp://www.economist.com/blogs/freeexchange/2012/11/monetary-policy-unintended-consequenceshttp://www.theatlantic.com/business/archive/2012/12/the-man-who-occupied-the-fed-how-charles-evans-saved-the-recovery/266183/http://www.theatlantic.com/business/archive/2012/12/the-man-who-occupied-the-fed-how-charles-evans-saved-the-recovery/266183/http://www.theatlantic.com/business/archive/2012/12/the-man-who-occupied-the-fed-how-charles-evans-saved-the-recovery/266183/http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/12/michael-woodford-on-the-new-fed-policy/http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/12/michael-woodford-on-the-new-fed-policy/http://gregmankiw.blogspot.com/2012/12/interpreting-fed.htmlhttp://gregmankiw.blogspot.com/2012/12/interpreting-fed.htmlhttp://gregmankiw.blogspot.com/2012/12/interpreting-fed.htmlhttp://trends.truliablog.com/2012/12/2013-whats-in-whats-out/http://trends.truliablog.com/2012/12/2013-whats-in-whats-out/http://trends.truliablog.com/2012/12/2013-whats-in-whats-out/http://www.justice.gov/opa/pr/2012/February/12-ag-186.htmlhttp://www.justice.gov/opa/pr/2012/February/12-ag-186.htmlhttp://www.justice.gov/opa/pr/2012/February/12-ag-186.htmlhttp://online.wsj.com/article/SB10001424052970204530504578076680514724050.htmlhttp://online.wsj.com/article/SB10001424052970204530504578076680514724050.htmlhttp://online.wsj.com/article/SB10001424052970204530504578076680514724050.htmlhttp://online.wsj.com/article/SB10001424052970204530504578076680514724050.htmlhttp://www.justice.gov/opa/pr/2012/February/12-ag-186.htmlhttp://trends.truliablog.com/2012/12/2013-whats-in-whats-out/http://gregmankiw.blogspot.com/2012/12/interpreting-fed.htmlhttp://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/12/michael-woodford-on-the-new-fed-policy/http://www.theatlantic.com/business/archive/2012/12/the-man-who-occupied-the-fed-how-charles-evans-saved-the-recovery/266183/http://www.economist.com/blogs/freeexchange/2012/11/monetary-policy-unintended-consequenceshttp://www.federalreserve.gov/newsevents/speech/stein20121011a.htmhttp://www.federalreserve.gov/newsevents/press/monetary/20121212a.htmhttp://www.hamiltonplacestrategies.com/
  • 7/30/2019 HPS Housing Policy Brief Dec 17, 2012

    2/9

    !"",(%'+-&"*&$#')/>&$#1'2)(&&'#HNC^D'4'?@:HI'N^?:NA':G'ANU'3NG?'9:RL9O]'/AILH'?@:G'GBLA4H:ND'?4['H4?LG'NA'?@L'H:B@'UNC9I'L[^:HLD'U@:9L'H4?LG'NA'499'N?@LHG'UNC9I'EN'Y4BR'?N'^HLV;007'9LWL9G]'P@:G'GBLA4H:N':G'9LGG'?@4A'T4WNH4Y9LD'4G':?':EANHLG'?@L':3^4B?'NT'499'N?@LH':?L3G'?@4?'BNA?H:YC?L'?N'?@L'B9:TT]'*NH'^LHG^LB?:WLD':?'G?:99'9L4WLG'NC?'SZ;_'Y:99:NA'^LH'OL4HD'NH';]6f'NT'#J2]'QNG?'BC?G'U:99'NBBCH':A'?@L'T:HG?'@49T'NT'?@L' OL4HD'34R:AE':?'3NHL'9:RL9O'?@4?'4AAC49:bLI'EHNU?@'U:99'YL'ALE4?:WL'4AI'GLAI' ?@L'LBNAN3O':A?N'HLBLGG:NA]'&T' ?@:G'YLBN3LG':AWLG?NHG'L[^LB?4?:NAGD'U4?B@'TNH'?@L'34HRL?'?N'4IaCG?':A'4'WLHO'ALE4?:WL'U4O]''

    http://www.hamiltonplacestrategies.com/http://www.hamiltonplacestrategies.com/http://online.wsj.com/article/SB10001424127887323981504578175140614945934.html?KEYWORDS=hensarlinghttp://online.wsj.com/article/SB10001424127887323981504578175140614945934.html?KEYWORDS=hensarlinghttp://online.wsj.com/article/SB10001424127887323981504578175140614945934.html?KEYWORDS=hensarlinghttp://www.brookings.edu/events/2012/12/14-homeownership-moynihan#ref-id=20121214_Moynihan1http://www.brookings.edu/events/2012/12/14-homeownership-moynihan#ref-id=20121214_Moynihan1http://www.brookings.edu/events/2012/12/14-homeownership-moynihan#ref-id=20121214_Moynihan1http://www.economist.com/blogs/freeexchange/2012/12/senate-tax-billhttp://www.economist.com/blogs/freeexchange/2012/12/senate-tax-billhttp://www.economist.com/blogs/freeexchange/2012/12/senate-tax-billhttp://www.economist.com/blogs/freeexchange/2012/12/senate-tax-billhttp://www.brookings.edu/events/2012/12/14-homeownership-moynihan#ref-id=20121214_Moynihan1http://online.wsj.com/article/SB10001424127887323981504578175140614945934.html?KEYWORDS=hensarlinghttp://www.hamiltonplacestrategies.com/
  • 7/30/2019 HPS Housing Policy Brief Dec 17, 2012

    3/9

  • 7/30/2019 HPS Housing Policy Brief Dec 17, 2012

    4/9

    !"",(%'+-&"*&$#')/>&$#1'2)(&94BR':A'

  • 7/30/2019 HPS Housing Policy Brief Dec 17, 2012

    5/9

    ! ! ! ! ! !"",(%'+-&"*&$#')/>&$#1'2)(&

  • 7/30/2019 HPS Housing Policy Brief Dec 17, 2012

    6/9

    !"",(%'+-&"*&$#')/>&$#1'2)(&?H4?LE:LG' :G' 4' ^N9:BO' 4AI' BN33CA:B4?:NAG' BNAGC9?:AE' T:H3' Y4GLI' :A'!4G@:AE?NA]' 5G' 4' T:H3D' NCH' TNBCG' 4AI' L[ LH?:GL' 9:L' 4?' ?@L' :A?LHGLB?:NA' NT'ENWLHA3LA?D'YCG:ALGG'4AI'3LI:4]')CH'ILL^'L[^LH:LABLG':A'499'NT'?@LGL'I:3LAG:NAG'499NU'CG'?N'GLHWL':AICG?HO'9L4ILHG'GLLR:AE'?N'A4W:E4?L'?@L'^4?@G'YL?ULLA'!4G@:AE?NA'4AI'?@L'^H:W4?L'GLB?NH](

    (

    http://www.hamiltonplacestrategies.com/http://www.hamiltonplacestrategies.com/http://wsj-us.econoday.com/byshoweventfull.asp?fid=451274&cust=wsj-us&year=2012&lid=0&prev=/byweek.asp#tophttp://wsj-us.econoday.com/byshoweventfull.asp?fid=451274&cust=wsj-us&year=2012&lid=0&prev=/byweek.asp#tophttp://wsj-us.econoday.com/byshoweventfull.asp?fid=451321&cust=wsj-us&year=2012&lid=0&prev=/byweek.asp#tophttp://wsj-us.econoday.com/byshoweventfull.asp?fid=451321&cust=wsj-us&year=2012&lid=0&prev=/byweek.asp#topmailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://wsj-us.econoday.com/byshoweventfull.asp?fid=451321&cust=wsj-us&year=2012&lid=0&prev=/byweek.asp#tophttp://wsj-us.econoday.com/byshoweventfull.asp?fid=451274&cust=wsj-us&year=2012&lid=0&prev=/byweek.asp#tophttp://www.hamiltonplacestrategies.com/
  • 7/30/2019 HPS Housing Policy Brief Dec 17, 2012

    7/9

    !

    !

    !

    Majfcxoi cale \xraxekfe|

    !",(%('+-++

    !",(%'+-(&*$&(-#"'&%',)-&"-$%(-%'-"#&"/$-

    ),-&"-(&$"'+-+$">&!-%'-1,2&%)1)#2#*B2V)2#UG*^T

    R

    \'X-M+&)NX-M+U$GX-M+W$)%X-M+W2=X-M+MK--V+MK-KV+

    &22==()+[2):+>#)11()+[2:+>;8+8)5)2#,+

    JC-JCK

    JCFJCMJCMJC-

    JM-

    JCMJCMJCF

    JDOJDIJDJ

    JMF

    JKK

    JKD

    J-K

    J-D

    JMK

    JMD

    JFK

    JFD

    J@K

    J@D

    JDK

    JDD

    JCK

    JCD

    MK-MZ-+MKKDXMKKI+ MK--+ MK-MZM+

    >EA\+&

    *#)

    MKKO+ MK-MZF+MK-K+

    +(->E=0J4EHI*DE:30E-":=0=634=56-

  • 7/30/2019 HPS Housing Policy Brief Dec 17, 2012

    8/9

    !!

    Majfcxoi cale \xraxekfe|

    !",(%('+D++

    8%2)-#,$M-(&N')-Q-

    *')-$2*&%M-&"-RI1"'&!(-*+"-

    &*$#)/+94&4+Q#)25$#]+

    K4K

    K4D

    -4K

    -4D

    M4K

    M4D

    F4K

    F4D

    H)#)='^TR

    FK+V#+MK+V#+-K+V#+J+V#+D+V#+F+V#+M+V#+-+V#+C+[*+F+[*+-+[*+

    C+[*=',5+UG*+

    F+[*=',5+UG*+

    V)2#+UG*+

    A$##)='+,\(\-&:E3;7:L-8=EBH-#7:DE-3;-5K-)E@\-X 4J-UW[U-

    Majfcxoi cale \xraxekfe|

    !",(%('+J++

    !",(%'+-*)1)#2)%X

    -M+

    KDXW2=X

    -M+

    KIX?)X

    --+

    >)1+[;&+L*

  • 7/30/2019 HPS Housing Policy Brief Dec 17, 2012

    9/9

    !!!!!

    !!!!Majfcxoi cale \xraxekfe|

    !",(%('+O++

    )$%M'-/8-$),#)-1"$&+*+-)/&C-&"&*2-)/&-

    ",&(&*')%'+-#"'&%',)-&"-)1)#2