Chief Economist leading policy impact with data and research in housing, real estate & mortgage finance. Was commissioner @mncppc. views=mine≠employer
Washington, DC
Joined April 2009
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Interested in knowing more about the effects of mortgage rate lock-in? The paper below puts numbers around how home sales and higher prices have been affected by the quick rise in interest rates. #mortgage #RealEstate #Economics #Finance #research #econtwitter
A new FHFA Working Paper shows how mortgage rate lock-in has prevented over 1.3M sales and elevated house prices an extra 6% the last 2 years. Not all homeowners see the same impacts, and even if rates decline, lock-in effects will not vanish quickly. fhfa.gov/papers/wp2403.aspx.
Will Doerner 🏠 📈 retweeted
NEW: Bill Pulte was confirmed by the Senate today to be Director of the @FHFA.
His leadership will be critical to addressing our broken housing system.
Will Doerner 🏠 📈 retweeted
Congratulations to Scott Turner on being confirmed as the 19th Secretary of the U.S. Department of Housing and Urban Development.
We are ready for @POTUS and @SecretaryTurner to empower Americans and achieve the American Dream.
Will Doerner 🏠 📈 retweeted
Senate confirms Scott Turner as HUD secretary dlvr.it/THpJk5
The lock-in phenomenon—where homeowners hesitate to move b/c of lower rates on their current mortgage—has broad implications for housing supply, mobility, employment, schools, etc. Several other papers are also doing great research. We cited some but it's a quickly growing area!
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The CEA's Economic Report of the President cites our FHFA working paper on the "lock-in" effect of mortgage rates! Proud to contribute to the national conversation on housing and mortgage markets.
📄 CEA Report: whitehouse.gov/wp-content/up…
📑 FHFA Paper: fhfa.gov/research/papers/wp2…
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New working paper --> A European #energy crisis sent shockwaves across Norway. Did energy-efficient homes hold their value better? How long did it take for the market to react? What role did government subsidies play? Read the #research at: fhfa.gov/research/papers/wp2… #EconTwitter
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Will Doerner 🏠 📈 retweeted
We join our @PGPlanningBoard and Commissioner Doerner in congratulating our @pgparks Department on this major milestone of providing 50 years of Disability Services for all residents of Prince George's County of all abilities:
This evening, @MNCPPC @pgparks is celebrating 50 years of Disability Services! Commissioner William Doerner provided greetings on behalf of @PGPlanningBoard.
Will Doerner 🏠 📈 retweeted
U.S. house prices rose 4.3% between the Q3 2023 and the Q3 2024, according to the FHFA House Price Index (FHFA HPI®). House prices were up 0.7% compared to the Q2 2024. FHFA’s seasonally adjusted monthly index for September was up 0.7% from August. fhfa.gov/news/news-release/u…
How do hurricanes affect mortgage performance? A new study reveals differences in loan outcomes by borrower demographics and storm severity. Find out which borrowers are affected and how credit risk is impacted.
Read: fhfa.gov/research/papers/wp2…
#Housing #Research #MortgageTrends
A new blog for our paper (WP 24-08) on "Banking on Buffers" points out rising household demand for bank deposits is key driver behind increase in banks' cash holdings. Check it out at fhfa.gov/blog/insights/banki…
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New research working paper! Drawing from a nationwide database with tens (really hundreds!) of millions of records, mortgage appraisals seldom have time adjustments (marking-to-market the assets) and that creates disparate valuations. Read more at fhfa.gov/research/papers/wp2…
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Unfortunate right after Helene, but our open access research went live yesterday about using public data to assess real estate prices post-hurricane (Ian). Good info for communities & policymakers as they recover. Read for free: tandfonline.com/doi/full/10.…
#RealEstate #Research
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🏘️ Seek PhD researchers w/ background in manufactured homes, multifamily housing, or survey methodology. Work on real estate, mortgage markets, and more. Competitive salaries, great benefits & fun team!
👉 Apply by Nov 22: usajobs.gov/job/809449400
#EconTwitter #Finance #Research
We have another new #research video in our @FHFA Working Paper Series. Ross asks the question, "What do people do if you send them a check in the mail?" youtube.com/watch?v=j7RWitBG…
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Which cities are most affected by #mortgages with rate lock-in? @JonahCoste has penned a new #research blog! We posted minor revisions to our working paper but it's mostly to reflect the latest data thru 2024Q2 linked off that blog to WP page. Read more: fhfa.gov/blog/statistics/the…
Read the related blog: fhfa.gov/blog/statistics/doe…
Read the more technical working paper: fhfa.gov/research/papers/wp2…
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Check out a new #research video (4 min) linked below in our @FHFA Working Paper Series. Len wonders, "Would students endure long commutes if they get into a top public school?"
youtube.com/watch?v=hvY75zOM…
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Happy to share this paper was selected by the American Real Estate Society to receive a "best paper" award for 2024. It has been recognized as the Marc Louargand Best Research Paper by a Practicing Professional!
A new paper with practitioner focus on measuring the home price effects after a natural disaster. Two reasons to read: 1) Estimates effects of hurricane on residential prices 2) Practical advice on methodological choices & limitations of public data. URL: fhfa.gov/papers/wp2404.aspx
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Will Doerner 🏠 📈 retweeted
Check out FHFA's new blog on land price indices. These indices, available to download at fhfa.gov/blog/statistics/lan…, can be used to estimate structure replacement value, a critical input for climate scenario analysis. #climaterisk #datagaps #scenario analysis #landprice #housing
