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Tag Archives: housing market
Homeownership During A Recession
The current economic recession caused by the COVID-19 pandemic could make it more difficult for some people to purchase their first home, or for out-of-work homeowners to pay their mortgages. The last recession—the Great Recession (2007-2011)—led to nearly a decade … Continue reading
Racial Disparities in Federal Employment, Lending, and Housing
Over the past several years, GAO has been asked to examine various racial inequalities in economic markets. In today’s WatchBlog, we explore our work on racial disparities in the federal workforce, lending, and housing. Federal employment As the nation’s largest … Continue reading
What You Need to Know about Mortgages and Equity
Ah, springtime: when “for sale” signs start popping up with the daffodils and crocuses! Before you call your real estate agent, you might want to read up on some of the more technical aspects of homebuying—like exactly what homeownership can … Continue reading
Understanding the Housing Finance System
The housing finance market is more than just homebuyers, sellers, and real estate agents—it’s a complicated landscape of borrowers, lenders, securitizers, servicers, and investors. The complexity of housing finance played a major role in the 2007-2009 financial crisis, and poses … Continue reading
