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The Housing Crisis and What it Means for State and Local Governments

Wednesday March 12, 2008, 12:00 PM to 1:30 PM
Urban Institute, 5th Floor
2100 M Street, N.W., Washington, DC

The Tax Policy Center and Lincoln Institute of Land Policy will hold a panel discussion on the ramifications for state and local governments of the downturn in housing prices and increasing foreclosures. Experts on the housing market and state and city finances will answer these and other questions:

Listen to the audio m p 3

  • How much will house prices decline and how do price volatility and foreclosure rates vary across regions?
  • What role are financial markets playing in the housing crisis?
  • Will recent federal responses stem price declines and foreclosures?
  • How will city and state budgets be affected?
  • What, if anything, should governments be doing to protect revenues and help stabilize local housing markets?

Panelists will include:

  • Karl (Chip) Case, Professor of Economics at Wellesley College and Founding Partner, Fiserv Case Shiller Weiss, Inc. download powerpoint
  • Robert Van Order, Professor of Finance, University of Aberdeen and University of Michigan. download powerpoint
  • Chris Hoene, Director, Center for Policy and Research, National League of Cities
  • Kim Rueben, Senior Research Associate, Tax Policy Center
  • Moderator: Peter Harkness, Editor and Publisher, Governing Magazine

A light lunch will be served.