WASHINGTON, July 8 -- The House Financial Services Committee issued the following testimony by Jung Hyun Choi, senior research associate for the Housing Finance Policy Center at the Urban Institute, involving a virtual hearing on June 29, 2022, entitled "Boom and Bust: Inequality, Homeownership and the Long-Term Impacts of the Hot Housing Market":

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I thank Laurie Goodman, Janneke Ratcliffe, and Fiona Blackshaw for helpful comments and Amy Peake, Victoria . . .

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