
Event Summary
On November 17 and 18, the AEI Housing Center hosted its 10th annual housing conference, a two-day virtual conference. Rep. French Hill (R-AR) presented opening remarks on Congress’ housing reform efforts, and AEI’s Edward J. Pinto presented on the current bout of inflation. The other panels on November 17 focused on the state of the housing market, walkable-oriented development, the history of mortgage lending and risk, and the wealth-building home loan and the low-income first-time-homebuyer programs.
The second day of the conference highlighted AEI Housing Center research regarding claims of systemic racism in housing. Mr. Pinto and AEI’s Tobias J. Peter focused on the 2018 Brookings Institution study “The devaluation of assets in Black neighborhoods,” Freddie Mac’s research note “Racial and ethnic valuation gaps in home purchase appraisals,” and The Markup/Associated Press report “How we investigated racial disparities in federal mortgage data.” These analyses attribute large race-based differences in home values, home purchase appraisals, and mortgage decline rates to widespread racial bias, but the AEI Housing Center finds they are actually due largely to socioeconomic status (SES) differences. Recognizing SES factors is key to addressing systemic disadvantage.
After that, an interdisciplinary group of scholars offered policy solutions aimed at housing, family formation, intergenerational wealth, and educational attainment. The discussion focused on providing economically sound opportunities for lower-income households to build income and grow wealth.
— Hannah Florence
Event Description
Join AEI for the 10th annual housing conference, a two-day virtual conference. On the first day, AEI experts will share lessons learned from their efforts to objectively measure housing market trends and apply them to today’s market conditions. Panelists will discuss groundbreaking housing data, walkable-oriented development, and the history of mortgage lending and risk.
The second day will focus on AEI Housing Center research regarding claims of systemic racism in housing. A focus will be a heavily cited 2018 Brookings Institution study, “The Devaluation of Assets in Black Neighborhoods,” which attributes large race-based differences in home values to systemic racism, but the AEI Housing Center finds they are actually due largely to socioeconomic status (SES) differences. Recognizing SES factors is key to addressing systemic disadvantage.
This day will bring together an interdisciplinary group of scholars who will offer policy solutions aimed at housing, family formation, intergenerational wealth, and educational attainment. The focus will be on providing economically sound opportunities for lower-income households to build income and grow wealth.
Session Videos and Slide Decks
Day 1, Welcome Remarks, Presentation by Rep. French Hill & Panel I: Housing market update
Sissi Li and Tobias Peter Housing Market Update PPT
Ed Pinto Bonus Panel: Inflation Will Not Be Transitory PPT
Day 1, Panel II: Walkable-oriented development
Arthur Gailes Walkable Oriented Development PPT
Day 1, Panel III: A quarter century of mortgage risk (begins at 1:24:17)
Steve Oliner A Quarter Center of Mortgage Risk PPT
Day 1, Panel IV: Wealth Building Home Loan and LIFT Home
Ed Pinto LIFT Home PPT
Day 2, Opening Remarks, Presentation by Robert Doar & Panel I: The AEI Housing Center’s findings on systemic racism and discrimination in property values, appraiser practices, and mortgage lending
Tobias Peter and Ed Pinto Systemic Bias or Systemic Disadvantage PPT
Day 2, Panel II: Housing and neighborhood solutions (begins at 1:31:14)
Ed Pinto and Tobias Peter Housing Solutions PPT
Day 2, Panel III: Higher education and workforce development
Day 2, Panel IV: K–12 education, education access, and university preparation
Day 2, Panel V: Family structure
Isabel Sawhill The Effects of Marriage on Children’s Outcomes PPT
James Heckman The Lasting Effects of Early Childhood Education PPT
Wendy Wang Family Trends PPT
Day 2, Panel VI: The state of upward mobility (begins at 48:56)
Agenda
Nov. 17
11:00 AM
Welcoming remarks
Presenters:
Stephen D. Oliner, Senior Adviser, AEI Housing Center, AEI
Tobias J. Peter, Director of Research, AEI Housing Center, AEI
Edward J. Pinto, Director, AEI Housing Center, AEI
11:10 AM
Presentation:
French Hill, Representative (R-AR 2nd District)
11:45 AM
Panel I: Housing market update
Presenter:
Sissi Li, Manager of Data and Analytics, AEI Housing Center, AEI
Tobias Peter, Director of Research, AEI Housing Center, AEI
Q&A
12:45 PM
Break
1:00 PM
Panel II: Walkable-oriented development
Presenter:
Arthur Gailes, Senior Data Analyst, AEI Housing Center, AEI
Tobias Peter, Director of Research, AEI Housing Center, AEI
Discussant:
Dave Kleis, Mayor, City of St. Cloud, MN
Philip Wharton, Chief Investment Officer, Twining Properties
Q&A
2:00 PM
Panel III: A quarter century of mortgage risk
Presenter:
Stephen D. Oliner, Senior Adviser, AEI Housing Center, AEI
Q&A
3:00 PM
Break
3:15 PM
Panel IV: Wealth Building Home Loan and LIFT Home
Presenter:
Edward J. Pinto, Director, AEI Housing Center, AEI
Q&A
4:15 PM
Day 1 wrap-up
4:30 PM
Adjournment
Nov. 18
11:00 AM
Opening remarks:
Brent Orrell, Senior Fellow, AEI
Edward J. Pinto, Director, AEI Housing Center, AEI
11:15 AM
Opening presentation
Presenter:
Robert Doar, President, AEI
11:45 AM
Introduction:
Brent Orrell, Senior Fellow, AEI
11:50 AM
Panel I: The AEI Housing Center’s findings on systemic racism and discrimination in property values, appraiser practices, and mortgage lending
Presenters:
Tobias Peter, Director of Research, AEI Housing Center, AEI
Edward J. Pinto, Director, AEI Housing Center, AEI
12:30 PM
Panel II: Housing and neighborhood solutions
Presenters:
Salim Furth, Senior Research Fellow, Mercatus Center at George Mason University
Howard Husock, Senior Fellow, AEI
Tobias Peter, Director of Research, AEI Housing Center, AEI
Edward J. Pinto, Director, AEI Housing Center, AEI
1:15 PM
Break
1:30 PM
Panel III: Higher education and workforce development
Presenters:
Beth Akers, Senior Fellow, AEI
Mason M. Bishop, Adjunct Fellow, AEI
Rachel Lipson, Director of Project on Workforce, Harvard University
Brent Orrell, Senior Fellow, AEI
2:15 PM
Break
2:30 PM
Panel IV: K–12 education, education access, and university preparation
Presenters:
John P. Bailey, Nonresident Senior Fellow, AEI
Robert Pondiscio, Senior Fellow, AEI
Ian Rowe, Senior Fellow, AEI
Nat Malkus, Senior Fellow and Deputy Director, Education Policy Studies, AEI
3:15 PM
Break
3:30 PM
Panel V: Family structure
Presenters:
James Heckman, University of Chicago, The Henry Schultz Distinguished Service Professor in Economics, Director of the Center for the Economics of Human Development
Angela Rachidi, Senior Fellow and Rowe Scholar, AEI
Isabel Sawhill, Senior Fellow, Brookings Institution
Wendy Wang, Director of Research, Institute for Family Studies
4:15 PM
Panel VI: The state of upward mobility
Presenters:
Nathaniel Hendren, Professor of Economics, Harvard University, Founding Co-Director, Equality of Opportunity Project
Michael R. Strain, Director, Economic Policy Studies, AEI
Ryan Streeter, Senior Fellow; Director, Domestic Policy Studies, AEI
Scott Winship, Director, Poverty Studies, AEI
5:00 PM
Day 2 wrap-up
5:15 PM
Adjournment