Lubell testifies before Senate Committee on Banking, Housing and Urban Affairs, concludes cheaper homes have not translated to lower rents.
Washington, DC (March 9, 2011) – Jeffrey Lubell, executive director of the Center for Housing Policy, testified today before the Senate Committee on Banking, Housing, and Urban Affairs about the current trend of declining housing affordability despite years of falling home prices.
Jeff Lubell testifying before the Senate Banking Committee Wednesday with National Association of Realtors President Ron Phipps, left.
Video of Lubell's testimony before the committee is available on the website of the Senate Committee on Banking, Housing, and Urban Affairs starting at 88:42. Lubell's full written testimony can be found on the National Housing conference website.