The foreclosure crisis and the collapse in housing prices that have engulfed much of the United States are fundamentally changing the ways in which the American housing market works, challenging many of the assumptions about the role of housing and the housing market that we have held for the past decades. In my lecture, I will discuss how and why those changes are taking place and how they vary across the United States and explore what they mean for American housing policy in the future, and how they are making us reconsider how we think about home ownership, rental housing, mortgage finance and low income or subsidized housing.
Foreclosure; Housing – Finance – Law and legislation; Housing – Prices; Housing policy; Mortgage brokers -- Law and legislation; Mortgage loans – Law and legislation; Mortgages; United States
American Politics | Economic Policy | Growth and Development | Political Science
The Housing market 'reset' and the future of American housing policy.
Available at: http://digitalscholarship.unlv.edu/brookings_lectures_events/21