Article

Housing Policy: The Evolving Subnational Role

Robert M. Buckley and Alex F. Schwartz

in The Oxford Handbook of State and Local Government Finance

Published in print March 2012 | ISBN: 9780199765362
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199765362.013.0023

Series: Oxford Handbooks

 Housing Policy: The Evolving Subnational Role

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  • Public Economics
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This article provides both a policy primer and an analytical guide to the evolving subnational role in US housing. It traces developments that began in the 1970s. The article begins with an overview of housing's role in the economy (what was seen as an unbroken success came apart with the mortgage crisis that began in 2007). It then moves along to trends in housing tenure and an analysis of why concern for the affordability problem is increasing due largely to the interplay between the functioning of the housing market and the nation's widening wealth and income inequality.

Keywords: housing policy; subnational role; US housing; mortgage crisis; housing tenure; affordability

Article.  15946 words. 

Subjects: Economics ; Public Economics ; Urban, Rural, and Regional Economics

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