The Housing Crash and Smart Growth

There is general agreement the financial crisis that began with the failure of Lehman Brothers on September 15, 2008, was worsened by the bursting of the U.S. housing price bubble. It is also generally acknowledged that some of the fuel for the housing bubble came from a relaxation of mortgage loan standards that allowed many families to purchase homes they could not afford with loans on which they subsequently defaulted.

The Housing Crash and Smart Growth

NCPA: Restrictive land use regulations played a primary role in the 2008 housing bubble burst and continue to contribute to sinking housing values, according to a new report released today by the National Center for Policy Analysis (NCPA).