What's Next? Prognosis and Prospects for Housing and Urban Form after the Crisis
Immergluck, Daniel W.
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There are no shortages of forecasts for how housing markets and urban development might change over the next decades as a result of the foreclosure crisis, financial regulatory reform, the restructuring of Fannie Mae and Freddie Mac, and other seismic shifts in financial markets and public policy. For many, the volume and pace of change in recent years in this arena have been overwhelming. What do we know - or think we know -- about the future of housing markets, housing finance, and homeownership? What about prospects for rental housing? What will various changes in housing finance and public policy mean for our urban and suburban futures? Will the new financial structures and associated policy thrusts align with an agenda of sustainable urban development and planning or work against it? What about goals of social equity and efforts to provide decent housing for lower-income households? What policy choices lay ahead that will be pivotal in answering some of these questions?