A few more words about this story: We spent a lot of time rereading the NIH document rolling out this policy. The numbers in it don't add up. The language is vague. NIH would not answer our questions about it. These are recurring features of memos proposing sweeping change.

The median age of homebuyers has risen to a record-high…**56 years old** in 2024 That’s up from 45 in 2021 In 1981, the median age of homebuyers was 31 years old (Apollo’s Torsten Slok)

Also applies to mortgages

This has been a problem with this discourse from the beginning. People like Ro Khanna read "investors" and assume it means institutional investors/PE but that's not what the cited research says! Thread.

Enjoyed talking about my recent Social Problems article on housing market appreciation and the White-Black wealth gap on the BLK News Now! podcast. blknewsnow.com/sociologist-jo…

.Joe LaBriola (Stone Center for Inequality Dynamics) & Steve Tomkowiak (Fair Housing Center of Metropolitan Detroit) will report on their findings regarding Racial Inequality in Homeowner Proximity to Appraisers in the United States at #PAA2025. Friday, 4/12, 8:00am More details: myumi.ch/bVZx6

PAA takes on Capitol Hill! These dedicated advocates will be meeting with their congressional delegations today to share important population research and advances. Go team! #PAA2025 Mary Jo Hoeksema

This is the biggest issue facing America right now : Under The Big Beautiful Bill the wealthiest 10% would see a $12,000 increase, while the bill would cost the poorest people $1,600 a year, according to the nonpartisan Congressional Budget Office. But here's the thing - $1600

Here’s a graph about Medicaid that everyone needs to see: open.substack.com/pub/paulkrugma…

New report by Zach Parolin: Housing costs, especially in high-cost states like California, are a massive driver of poverty. A few of Zach's key findings ⬇️ 🧵

Very pleased that my paper w/ Clayton Nall & Stan Oklobdzija (🦋stano.bksy.social), "The Folk Economics of Housing," has been published in the excellent new JEP symposium on housing markets. ⤵️ 🧵/10.

if you abolish property taxes, does that make it easier or harder for young families to buy homes? does it make easier or harder for older homeowners to avoid downsizing?

Is AI already impacting the job market? A new paper from me, Erik Brynjolfsson, and Ruyu Chen at Stanford Digital Economy Lab digs into data from ADP. We find some of the ***first large-scale evidence of employment declines for entry-level workers in AI-exposed jobs.*** A thread on our paper:

Property taxes are good actually

Terrific Alex Armlovich post on a new Census data product that every housing policymaker & researcher should know about. ⤵️ A census of dwelling units, at geographic scale of census blocks, is now available and updated every 6 months! 1/6