During BPC’s 2014 Housing Summit, an expert panel convened to examine this demographic realignment. While it appears the American dream of homeownership is still on the minds of this younger generation, many among them possess considerable doubts, perhaps realistic doubts, about the likelihood of their achieving that piece of the dream any time soon.
Dowell Myers, demographer with the USC Sol Price School of Public Policy, joined BPC’s 2014 Housing Summit to discuss how demographic trends will shape the US housing market and whether federal policy will anticipate the significant shifts taking place.
As the kick-off panel at BPC’s 2014 Housing Summit today, five current and former FHA heads met to discuss the past, present and future of the agency. All of them shared the belief that the FHA plays a critical role in the market, in good times and in bad.
New insights from former FHA Commissioner Brian Montgomery will be showcased at the opening session of the 2014 Housing Summit. He will join three other former FHA commissioners and current Commissioner Galate. With three weeks to go, don’t forget to register here.
The 2014 Housing Summit is one month away. Hear what Peter Elkowitz, president and CEO of the Long Island Housing Partnership is looking forward to discussing with his fellow panelists on the afternoon of Tuesday, September 16. The panel will tackle the questions about how to improve access to mortgage credit for responsible borrowers. Peter also recently contributed to our expert forum about shared equity housing models. You can check out more here.
QUESTION: Americans now hold close to $1.2 trillion in outstanding student loan debt making it the second largest form of consumer debt after home mortgages. What are the implications for housing markets, household formation, and economic mobility for the next generation? Are there creative approaches to reduce the burden?
The Subprime Education Crisis
By David A. Smith
Remember the subprime housing crisis? Now we have a subprime education crisis. This one is worse in two ways: asset-value recovery and a flawed governance model that is simply making the problem worse.
The graying of America will force our nation’s leaders to rethink policies in fields ranging from health care to public safety to transportation. For housing policymakers, a major challenge will be responding to the needs of the overwhelming majority of seniors who will seek to age in place in their own homes and communities.
This week we have a few thoughts from Kris Siglin at the Housing Partnership Network who will pack a punch on an all-star panel of housing practitioners as they discuss the way housing shapes and forms communities on the afternoon of Tuesday, September 16. Kris also reflects on her time working on the housing commission that preceded the BPC effort – The Millennial Housing Commission – as well as her time on the Hill with one of our co-chairs, Senator Kit Bond.
Beth Ann Bovino is the U.S. chief economist at Standard & Poor’s Ratings Services and was named the most accurate forecaster of the U.S. economy in 2013 by The Wall Street Journal. Don’t miss her panel of all-star economists on Tuesday, September 16 as they navigate mixed signals and varied housing indicators to share their outlook on when we can expect a full economic recovery.
Next up is Ali Solis, the senior vice president of public policy and external affairs for Enterprise Community Partners, Inc. Ali will team up with an impressive set of speakers to discuss the Low Income Housing Tax Credit on the afternoon of Tuesday, September 16. Check out her thoughts on the BPC recommendation to increase the LIHTC by 50 percent and how she is inspired to work to improve the odds for the 19 million families facing housing insecurity in our country.