Big Federal Stimulus, Home-Value Spike Won’t Ease Next Slump

Jason Saving

Southwest Economy, 2022, issue Third Quarter

Abstract: Historically large federal transfers coupled with rapid home-price appreciation bolstered state and local revenue in Texas, softening the economic impact of COVID-19 on vulnerable populations. Ultra-low interest rates and a historic housing boom that aided state and local government operations are fading, suggesting Texas policymakers may encounter additional difficulties during the next downturn.

Keywords: Texas; Revenue; Home prices; economic impacts (search for similar items in EconPapers)
Date: 2022
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