Faculty News
Professor Lawrence White is interviewed about the role of the housing market in the recession
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Excerpt from Voice of America -- "'Housing was a great part of the recession,' said housing expert and New York University professor Lawrence White. 'Housing prices fell dramatically from their peak in 2006. Nationwide, the average value of a home dropped 30 to 35 percent. We certainly learned in the recession, investing in a house is not a sure-fire way to build wealth.'"
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