The purpose of the Homer Hoyt Institute's Subprime Crisis Research Program is to facilitate the development, execution and dissemination of a research agenda to address critical issues in mortgage markets and their related consequences. This research program is an outgrowth of a Research Roundtable, "Developing a Research Agenda on the Subprime Mortgage Crisis," co-sponsored by the University of Pennsylvania's Institute for Urban Research and the Hudson Institute. It was chaired by John Weicher and Susan Wachter with Richard Green and Maury Seldin serving on the steering committee.
The Subprime Crisis Research Program is part of HHI's continuing efforts to gain a better understanding of the system to help improve the quality of real estate related decisions. As the scope and nature of the economic and social disruptions occasioned by the mortgage market crisis continues to emerge, HHI will participate with other concerned entities, institutions and individuals to develop research tools, models and policies to address short and long term issues focusing on effective strategies to reflect underlying values. The HHI has a tradition of linking industry, academia, and government, especially with research roundtables.
Preparatory to the research roundtable process, the Institute commissioned a Literature Review to get an understanding of the current state of knowledge and research in this area. As a follow-up, the Institute is working cooperatively with prominent organizations and institutions as the outgrowth of the Research Roundtable to bring concerned parties together in a cooperative effort intended to lead to the support of relevant rigorous research. The Institute also commissioned a study into the availability of data for research and analysis purposes.
The Homer Hoyt Institute has a longstanding commitment to expand and disseminate the real estate body of knowledge in an effort to improve the quality of real estate decisions. This is part of a broader societal goal of encouraging academic research that makes a real difference in people's lives.
If you or your organization is interested in playing a role in this process and helping to make a difference, we welcome your participation. Please contact the Homer Hoyt Institute at info@hoyt.org.