Welcome to the BPC Housing Commission expert forum! This forum is intended to foster interactive and substantive discussion about pressing housing issues. Each month contributors from different parts of the housing sector will be invited to respond to a discussion topic.
Have a pressing question you’d like us to consider? Please leave it in the comments section. We encourage you and our expert bloggers to add comments, contributing to the national dialogue on solutions for the future of the housing sector.
Expert bloggers are not members of the BPC Housing Commission. Any views expressed on this forum do not necessarily represent the views of the Housing Commission, its Co-Chairs, or the Bipartisan Policy Center.
QUESTION: What should the federal government’s role be in helping prepare consumers to make financial decisions? How can the housing industry help lead the way for better consumer knowledge and protection?
Education and Counseling Help Many Achieve and Sustain Homeownership
By Joseph Ventrone
"In the real estate world, there was one word that used to be the cardinal rule: location, location, location. That was then, before the Great Recession. This is now, and the new cardinal rule of real estate is information, information, information."
– Michelle Singletary, The Washington Post, August 7, 2010.
Buying a home can be a complex process. Homeownership education offers many benefits to consumers, including improving financial health and money management skills and reducing loan delinquencies and defaults. The more information homebuyers and homeowners have, the more prepared they will be for these responsibilities.