Homeownership Built to Last

<DIV><P>A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication<BR /><P>The ups and downs in housing markets over the past two decades are without<BR />precedent and the costs—financial psychological and social—have been<BR />enormous. Yet Americans overwhelmingly still aspire to homeownership<BR />and many still view access to homeownership as an important ingredient for building<BR />wealth among historically disadvantaged groups.</P><P>This timely volume reexamines the goals risks and rewards of homeownership<BR />in the wake of the housing bubble and subprime lending crisis. Housing real estate<BR />and finance experts explore the role of government in supporting homeownership<BR />deliberate how homeownership can be made more sustainable and discuss how<BR />best to balance affordability access and risk particularly for minorities and low income<BR />families.</P><P>Contributors: Eric S. Belsky (JCHS); Raphael W. Bostic (University of Southern California);<BR />Mark Calabria (Cato Institute); Kaloma Cardwell (University of California<BR />Berkeley); Mark Cole (Hope LoanPort); J. Michael Collins (University of Wisconsin–<BR />Madison); Marsha J. Courchane (Charles River Associates); Andrew Davidson (Andrew<BR />Davidson and Co.); Christopher E. Herbert (JCHS); Leonard C. Kiefer (Freddie<BR />Mac); Alex Levin (Andrew Davidson and Co.); Adam J. Levitin (Georgetown University<BR />Law Center); Mark R. Lindblad (University of North Carolina at Chapel Hill);<BR />Jeffrey Lubell (Abt Associates); Patricia A. McCoy (University of Connecticut School<BR />of Law); Daniel T. McCue (JCHS); Jennifer H. Molinsky (JCHS); Stephanie Moulton<BR />(Ohio State University); john a. powell (University of California–Berkeley); Roberto G.<BR />Quercia (University of North Carolina at Chapel Hill); Janneke H. Ratcliffe (University<BR />of North Carolina); Carolina Reid (University of California–Berkeley); William M.<BR />Rohe (University of North Carolina at Chapel Hill); Rocio Sanchez-Moyano (JCHS);<BR />Susan Wachter (University of Pennsylvania); Peter M. Zorn (Freddie Mac)</P><BR /></DIV></P>