"A Brookings Institution Press and Harvard University Joint Center for Housing Studies publicationThe ups and downs in housing markets over the past two decades are withoutprecedent, and the costs-financial, psychological, and social-have beenenormous. Yet Americans overwhelmingly still aspire to homeownershipand many still view access to homeownership as an important ingredient for buildingwealth among historically disadvantaged groups.This timely volume reexamines the goals, risks, and rewards of homeownershipin the wake of the housing bubble and subprime lending crisis. Housing, real estateand finance experts explore the role of government in supporting homeownershipdeliberate how homeownership can be made more sustainable, and discuss howbest to balance affordability, access, and risk, particularly for minorities and low incomefamilies.Contributors: Eric S. Belsky (JCHS); Raphael W. Bostic (University of Southern California);Mark Calabria (Cato Institute); Kaloma Cardwell (University of CaliforniaBerkeley); Mark Cole (Hope LoanPort); J. Michael Collins (University of WisconsinMadison); Marsha J. Courchane (Charles River Associates); Andrew Davidson (AndrewDavidson and Co.); Christopher E. Herbert (JCHS); Leonard C. Kiefer (FreddieMac); Alex Levin (Andrew Davidson and Co.); Adam J. Levitin (Georgetown UniversityLaw Center); Mark R. Lindblad (University of North Carolina at Chapel Hill);Jeffrey Lubell (Abt Associates); Patricia A. McCoy (University of Connecticut Schoolof 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 (Universityof 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)"