Joint Economic Committee Holds Hearings on Housing "Squeeze"

July 23, 2008

U.S. Senator Charles E. Schumer, Chairman of the Joint Economic Committee (JEC) will convene a hearing in order to examine the serious impact of rising household costs and stagnant wages in a slumping economy. The hearing entitled, “How Much More Can American Families Be Squeezed By Stagnant Wages, Skyrocketing Household Costs, And Falling Home Prices?” will be held Wednesday July, 23 at 10am in room 608 of the Dirksen Senate Office Building. As the American family continues to suffer from slow wage growth and rising household costs in the declining Bush economy, the JEC will invite leading experts to discuss the stranglehold these conditions place on middle class households and examine troubling data found in a new report measuring the economic, education, and health well-being of Americans. 

Opening Statements:

Witness Statements:


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro is the nation's leading provider of real estate closing and title insurance software. With more than 14,000 customer sites and over 60,000 users nationwide, this award-winning software offers a suite of products designed to increase your volume and revenue by reducing the time it takes to do closings. SoftPro has been recognized by the American Business Awards every year since 2007 - winning awards for Superior Customer Service, Support and Product Development. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.