A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication

The ups and downs in housing markets over the past two decades are without
precedent, and the costs—financial, psychological, and social—have been
enormous. Yet Americans overwhelmingly still aspire to homeownership,
and many still view access to homeownership as an important ingredient for building
wealth among historically disadvantaged groups.

This timely volume reexamines the goals, risks, and rewards of homeownership
in the wake of the housing bubble and subprime lending crisis. Housing, real estate,
and finance experts explore the role of government in supporting homeownership,
deliberate how homeownership can be made more sustainable, and discuss how
best to balance affordability, access, and risk, particularly for minorities and low income
families.

Contributors: Eric S. Belsky (JCHS); Raphael W. Bostic (University of Southern California);
Mark Calabria (Cato Institute); Kaloma Cardwell (University of California,
Berkeley); Mark Cole (Hope LoanPort); J. Michael Collins (University of Wisconsin–
Madison); Marsha J. Courchane (Charles River Associates); Andrew Davidson (Andrew
Davidson and Co.); Christopher E. Herbert (JCHS); Leonard C. Kiefer (Freddie
Mac); Alex Levin (Andrew Davidson and Co.); Adam J. Levitin (Georgetown University
Law Center); Mark R. Lindblad (University of North Carolina at Chapel Hill);
Jeffrey Lubell (Abt Associates); Patricia A. McCoy (University of Connecticut School
of Law); Daniel T. McCue (JCHS); Jennifer H. Molinsky (JCHS); Stephanie Moulton
(Ohio State University); john a. powell (University of California–Berkeley); Roberto G.
Quercia (University of North Carolina at Chapel Hill); Janneke H. Ratcliffe (University
of North Carolina); Carolina Reid (University of California–Berkeley); William M.
Rohe (University of North Carolina at Chapel Hill); Rocio Sanchez-Moyano (JCHS);
Susan Wachter (University of Pennsylvania); Peter M. Zorn (Freddie Mac)