Levy on Home Ownership, Suburban Voters, and the Midterms

A recent media appearance by Lawrence Levy, associate vice president and executive dean of Hofstra University’s National Center for Suburban Studies, include:

June 17: Newsday: “Will they ever own a home? Long Island renters fear the ‘American Dream’ is out of reach.” Across Long Island, many renters are finding themselves shut out of a housing market defined by record prices, limited inventory and rising borrowing costs. Still, Newsday reports, people continue to aspire to homeownership, viewing it as a source of financial security and stability.

“The lure of suburban homeownership remains as powerful as ever,” said Levy. “How else do you explain the willingness of more and more people to go deeper and deeper in debt to realize their suburban dream?”