Will Doerner 🏠 📈

Chief Economist leading policy impact with data and research in housing, real estate & mortgage finance. Was commissioner @mncppc. views=mine≠employer

[Will Doerner 🏠 📈 @wdoerner]

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

[U.S. Federal Housing (FHFA) @FHFA]

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. https://t.co/RQghIBDLW3.

[U.S. Senate Banking Committee GOP @BankingGOP]

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.

[Department of Housing and Urban Development @HUDgov]

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.

[HousingWire @HousingWire]

Senate confirms Scott Turner as HUD secretary https://t.co/vtpYiZIYtU

[Will Doerner 🏠 📈 @wdoerner]

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!

[Will Doerner 🏠 📈 @wdoerner]

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: https://t.co/8i8oTUY1qD

📑 FHFA Paper: https://t.co/WVSyInDjoA

[Will Doerner 🏠 📈 @wdoerner]

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: https://t.co/Z3AL3bfTFf #EconTwitter

[M-NCPPC @MNCPPC]

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:

[U.S. Federal Housing (FHFA) @FHFA]

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. https://t.co/IHDJuof8wc

[Will Doerner 🏠 📈 @wdoerner]

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: https://t.co/KB46n8Ijgf
#Housing #Research #MortgageTrends

[Will Doerner 🏠 📈 @wdoerner]

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 https://t.co/TD8HN0qFjO

[Will Doerner 🏠 📈 @wdoerner]

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 https://t.co/2Vf4MojRQm

[Will Doerner 🏠 📈 @wdoerner]

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: https://t.co/HZyDd5T91m
#RealEstate #Research

[Will Doerner 🏠 📈 @wdoerner]

🏘️ 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: https://t.co/wBsZF5n4yM

#EconTwitter #Finance #Research

[Will Doerner 🏠 📈 @wdoerner]

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?" https://t.co/PJ4ck7gjbx

[Will Doerner 🏠 📈 @wdoerner]

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: https://t.co/nuiFAlpbKp

[Will Doerner 🏠 📈 @wdoerner]

Read the related blog: https://t.co/kiBZwCj1b3

Read the more technical working paper: https://t.co/dSjNK7JxwQ

[Will Doerner 🏠 📈 @wdoerner]

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?"

https://t.co/wYijvSnkMR

[Will Doerner 🏠 📈 @wdoerner]

@alaina_pitt Agree the differences aren't ideal but not sure there's a quick remedy. I could be wrong but, either way they lean, speakers have to pre-register (can't just show up to speak). We do that for planning board meetings (must sign up by noon on a Tuesday before a Thursday hearing)

[Will Doerner 🏠 📈 @wdoerner]

@alaina_pitt The process may look more intimidating than intended. Supposed to ensure advocates for upzoning (or other matters) that it's clear if they might personally or financially benefit (by filling out an ethics form...think it's a state requirement). Not meant to deter public comment.

[Will Doerner 🏠 📈 @wdoerner]

@alaina_pitt Not familiar with that blurb but looks consistent with usual signups for district council public hearings. Found this on their website with info on how register as speaker in a PDF: https://t.co/0LzztmKHV5 and here is more info on the sector plan and docs: https://t.co/yQHxfRsg8j