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The Housing Market and Its Influences

Author

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  • Marvin M. Smith

Abstract

The housing market influences our economic and social well-being. It serves as a prime mover of overall economic activity, the foundation for wealth creation, and the basis for the landscape of our neighborhoods as well as the dynamic relationship between cities (particularly older ones) and suburbs. The recent downturn in the housing market generated changes in its aforementioned influences. It also fostered changes in the regulatory environment in the mortgage market. These topics were discussed at the 2014 Reinventing Older Communities conference.

Suggested Citation

  • Marvin M. Smith, 2014. "The Housing Market and Its Influences," Cascade, Federal Reserve Bank of Philadelphia, vol. 2, July.
    • Handle: RePEc:fip:fedpca:0038
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/community-development/articles/cascade/85/cascade_no-85.pdf
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