# Professor Lawrence White is interviewed about the role of the housing market in the recession

1 Faculty News January 13, 2017 ![Voice of America logo](/sites/default/files/styles/246w/public/assets/images/con_031532.jpg?itok=KsilGxhw)>

Excerpt from [Voice of America](http://www.voanews.com/a/american-dream-home-ownership-changing/3675641.html) -- "'Housing was a great part of the recession,' said housing expert and New York University professor [Lawrence White](http://w4.stern.nyu.edu/faculty/bio/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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