8:30 a.m.: Registration and Breakfast
9:00 a.m.: Welcome
Spencer Rascoff, Chief Executive Officer, Zillow
9:05 a.m.: Keynote Address
Jason Furman, Chairman of the Council of Economic Advisers
9:35 a.m.: Panel One: Millennials: Housing the Next Generation
Millennials watched as the housing ecosystem so painstakingly constructed by the Greatest Generation and the Baby Boomers fell like a house of cards during the recession. Now, as they enter the housing market en masse, they bring a host of questions with them. Do they want to buy, or do they really prefer renting? Where will they live, in cities or suburbs? Will their parents’ single-family homes be enough to attract them, or do builders need to consider new designs and new amenities targeted at a generation with different priorities? What kinds of housing policies should be considered to ensure this critical generation can continue to have access to housing?
Moderator: Catherine Rampell, Washington Post
- Thomas Bozzuto, Chairman and CEO, The Bozzuto Group
- Mollie Carmichael, Principal, John Burns Real Estate Consulting
- Dowell Myers, Professor, Sol Price School of Public Policy at the University of Southern California
10:45 a.m.: Morning Break
11:00 a.m.: Panel Two: Stuck in Place: Will Mortgage Lock-in Damper Residential Mobility?
Since peaking in the early 1980s, mortgage interest rates had been declining slowly and steadily. Until now. While nobody expects rates in the teens again anytime soon, rates in the 5 percent and 6 percent range seem inevitable, bringing a new set of challenges to the housing market. How will rising rates affect housing demand? What will happen to affordability as purchasing power erodes in the face of higher financing costs? Will rising rates push more homeowners to consider ARMs instead of more traditional fixed-rate products? And will the millions of homeowners locked in at today’s rock-bottom rates be willing and able to move as rates climb?
Introduction: Stan Humphries, Chief Economist, Zillow
Moderator: Nick Timiraos, Wall Street Journal
- Michael Fratantoni, Chief Economist, Senior Vice President of Research and Industry Technology, Mortgage Bankers Association
- Christopher Thornberg, Founding Partner, Beacon Economics
- Joseph Tracy, Executive Vice President and Senior Advisor to the President, Federal Reserve Bank of New York
- Lawrence Yun, Chief Economist and Senior Vice President of Research, National Association of Realtors
12:00 p.m.: Panel Three: Are We All New Urbanists Now? Examining the Movement in its Fourth Decade
In the late 1970s and early 1980s, a new movement focused on denser, mixed-use development and the creation of diverse, dynamic neighborhoods began to take hold. Now, almost 40 years later, New Urbanism has had an enormous influence on urban planning and design. When even suburbs are being designed like small villages it begs the question are we all New Urbanists now? When and where is urban densification better than suburban development? Are there trade-offs between chic urban design and affordable housing goals? What’s the right strategy for growing cities when thinking about building sufficient housing capacity?
Moderator: Diana Olick, CNBC
- U.S. Representative Ed Perlmutter, (D-CO)
- Wendell Cox, Principal, Demographia
- Edward Glaeser, Fred and Eleanor Glimp Professor of Economics, Harvard
- John Norquist, John DeGrove Eminent Scholar, Florida Atlantic University’s College of Design and Social Inquiry
1:00 p.m.: Adjourn and Lunch