Financial capability - Speeches
In disadvantaged neighborhoods, the condition of the housing stock can vary from block to block. On one block, homes appear well kept and in good condition, while on another, many homes show signs of physical distress. Since the blocks within the same neighborhood are often similar in terms of home values, what accounts for this pattern? And is there any contagion effect of home maintenance? Researchers at the Boston Fed examine this issue in several Boston neighborhoods in this report.
The Cleveland and Philadelphia Federal Reserve Banks offer video and presentations from their 2013 Policy Summit. Expert panels cover topics such as the new housing finance system, consumer and household finance, small business financing and nontraditional tools for neighborhood stabilization. Eldar Shafir, co-author of the recent book, Scarcity: Why Having Too Little Means So Much, shares behavioral science and economic research.