Logical Follow-On Update to the 2019 Residential Real Estate Market Data Analysis of Negative Equity
Project Information
Project ID:
FHWA-PROJ-21-0011
Project Abstract:
The purpose of this project is to initiate an investigation and to document a continuation of the 2019 findings of the nationwide residential real estate market value recovery since the 2008 real estate market crash and to update the finding results from the 2019 Nationwide Residential Real Estate Market Data Analysis of Negative Equity. The investigation will analyze sales price data for single family residential real estate within 21 states for the Federal Highway Administration to determine whether a continuance of the Temporary Waiver of Methodology for Calculating a Replacement Housing Payment for Negative Equity (Waiver) beyond June 30, 2021 is necessary.
Project Status:
Completed
Project Funding Amount (Contract Award Amount):
$66,282.00
Start Date:
End Date:
Public Access Plan:
Yes
Grant/Contract ID:
- DTFH6117D00007L
- 693JJ321F000060
FHWA Program Area:
- Planning, Environment, and Realty
Fiscal Year / AMRP Program / AMRP Activity:
- FY 2002-2022 / Planning, Environment, and Realty / Accelerating Project Delivery
FHWA Activity:
- Data and Analysis
Project Outputs:
The result of this effort is the Temporary Waiver for Methodology for Calculating a Replacement Housing Payment for Negative Equity was determined to no longer be necessary on a nationwide basis, after 11 years of use, because the real estate market was determined to have recovered sufficiently on a nationwide basis that it was no longer applicable. Any State that could justify a continued need for the 49 CFR 24.7 waiver of Federal regulations on a project basis may request a continuation of the waiver for their project.
Project Outcomes/Impact:
The Temporary Waiver for Methodology for Calculating a Replacement Housing Payment for Negative Equity was sunset June 30, 2021.
AMRP = Annual Modal Research Plan
Contact Information
First Name:
Arnold
Last Name:
Feldman
Phone Number:
202-366-2028
Email Address:
Team:
Program Development Team
Office:
Office of Real Estate Services
Office Code:
HEPR-10
Management Organizations
Sponsor Organization
Organization Role:
Sponsor Organization
Organization:
Federal Highway Administration: Office of Planning, Environment, and Realty - Office of Real Estate Services
Contact Role:
Project Lead
Contact:
Managing Organization
Organization Role:
Sponsor Organization
Contact Role:
Sponsor
Performing Organization
Organization Role:
Sponsor Organization
Contact Role:
Sponsor