HOUSING AND THE NEW ECONOMY

The Impact of the New Economy on Housing Markets and Housing Outcomes

SPECIAL ONE-DAY SESSION AT AREUEA MID YEAR CONFERENCE

May 31, 2001, Washington DC

The past 25 years have seen the rise of what is called the New Economy, or as some of our colleagues have called it, “The E-conomy.” There are many aspects to the changes in the economic base of the country, which should affect housing markets and housing outcomes.  Some of these factors are growing income inequality, globalization, increased demographic diversity, the decline of the old economic and social coalitions, faster and more disciplined financial markets, new forms of retailing  and changes in the ways private firms are structured and organized. However, to date, the interaction between the changing economic base of the country and housing markets has not been systematically explored. This conference will feature invited presenters who will address  the following issues about housing and the new economy.

·         Are High-Tech Housing Markets Really Different?

·         Has the Global Economy Changed Critical Aspects of Housing Demand?

·         What has been the Impact of High-Tech Tools for the Lending Industry on Housing Outcomes?

·         What are the Key Housing Policy Issues in the New Economy?

The conference will be sponsored by the Fannie Mae Foundation and the Institute for Urban and Regional Development , the Berkeley Program on Housing and Urban Policy and the Fisher Center for Real Estate and Urban Economics at University of California at Berkeley. It will be held in Washington, D.C. on May 31, 2001, in conjunction with the mid-year meeting of the American Real Estate and Urban Economics Association (AREUEA) on May 29 & 30^th.   To register, fill out the forms on AREUEA’s website at www.areuea.org.  For other  information, contact Vicki Elmer or John Landis of the Institute for Urban and Regional Development at UC/Berkeley: velmer@uclink4.berkeley.edu or jlandis@uclink4.berkeley.edu.