News and Commentary
Elizabeth Weil and Mollie Simon investigate land use regulation’s role in California’s wildfires in a ProPublica piece. They find that over a quarter of Californians live in the wildland urban interface at increased fire risk.
Eric Roper reports for the Star Tribune that the 2015 Affirmatively Furthering Fair Housing rule was rescinded by Ben Carson’s Department of Housing and Urban Development this July.
Peter Ganong and Pascal Noel find in American Economic Review that mortgage maturity extensions which only reduce short-term payments have large effects on default and consumption, while principal reductions that only reduce long-term obligations have no effect.
Steffen Andersen et al. model Denmark’s mortgage refinancing delays in American Economic Review, finding that older, poorer, and less-educated households have lower probability of refinancing irrespective of incentives.