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The National Housing Crisis and its Impact on California—Conference Presentations

On September 18, 2008, the California Research Bureau partnered with the Public Policy Institute of California (PPIC) to present a conference on the national housing crisis and its impact on California.  The morning presentations examined the scale of the crisis, economic forecasts, and trends in home prices and foreclosures.

Speakers in the afternoon discussed removing barriers to home ownership, the crisis in credit availability, new federal and state laws, and policies to mitigate the risk that vacant foreclosed homes will contribute to blight and crime.  The CRB’s work in this policy area is in response to a request from the Assembly Banking Committee. 

Three morning speeches:

Housing Prices and the California Economy (PDF)
Jed Kolko, Public Policy Institute of California

UCSB Economic Forecast Project (PDF)
Kirk Lesh, University of California, Santa Barbara

Housing & Foreclosure Forecast, September 2008 (PDF)
Rani Isaac, California Research Bureau

Five afternoon speeches:

The Subprime Crisis from a National Policy Perspective (PDF)
Cynthia Kroll, University of California, Berkeley

Subprime Lending & Foreclosure Crisis: Legislative Responses (PDF)
Mark Farouk, Assembly Committee on Banking and Finance

The State’s Role in the Implementation of the Housing Recovery Act (PDF)
Frank Luera, Housing and Community Development

Tackling the California Foreclosure Crisis: An Agenda for State Action (PDF)
Alan Mallach, The Brookings Institution

Foreclosures and Urban Development in the San Joaquin Valley (PDF)
Michael Teitz, Public Policy Institute of California