The Blackwell Companion to the Economics of Housing : The Housing Wealth of Nations

The Blackwell Companion to the Economics of Housing will help students and professionals alike to explore key elements of the housing economy: home prices, housing wealth, mortgage debt, and financial risk. Features 24 original essays, including an editorial introduction and three section overviews Includes 39 world-class authors from a mix of educational and financial organizations in the UK, Europe, Australia, and North America Broadly-based, scholarly, and accessible, serving students and professionals who wish to understand how today’s housing economy works Profiles the role and relevance of housing wealth; the mismanagement of mortgage debt; and the pitfalls and potential of hedging housing risk Key topics include: the housing price bubble and crash; the subprime mortgage crisis in the US and its aftermath; the links between housing wealth, the macroeconomy, and the welfare of home-occupiers; the mitigation of credit and housing investment risks Specific case studies help to illustrate concepts, along with new data sets and analyses to illustrate empirical points

The Blackwell Companion to the Economics of Housing will help students and professionals alike to explore many aspects of the housing economy: home prices, housing wealth, mortgage debt, and financial risk. Gathering together a wide-ranging collection of original data, new analyses, and innovative ideas, the Companion is written by a team of highly-respected scholars, including banking and finance professionals as well as academics whose experience spans the globe. Europe, North America, Australia, and New Zealand are particularly well-represented by authorship and focus.

This Companion explores timely issues including: the volatility of home prices and the implications of such “booms and busts” for the wider economy; the puzzling link between housing wealth and consumption; innovations in mortgage markets including subprime and the crisis it precipitated; the changing face of housing risk, and the challenge of mitigation. Drawing on a wide range of quantitative and qualitative data to illustrate specific topics and explore core concepts it provides students of economics and public policy with an ideal supplement to standard textbooks; for professionals in the field, it is an essential reference work and handbook.

"The Blackwell Companion to the Economics of Housing will help students and professionals alike to explore many aspects of the housing economy: home prices, housing wealth, mortgage debt, and financial risk. Gathering together a wide-ranging collection of original data, new analyses, and innovative ideas, the Companion is written by a team of highly-respected scholars, including banking and finance professionals as well as academics whose experience spans the globe. Europe, North America, Australia, and New Zealand are particularly well-represented by authorship and focus." "This Companion explores the timely issues including: the volatility of home prices and the implications of such "booms and busts" for the wider economy; the puzzling link between housing wealth and consumption; innovations in mortgage markets including subprime and the crisis it precipitated; the changing face of housing risk, and the challenge of mitigation. Drawing on a wide range of quantitative and qualitative data to illustrate specific topics and explore core concepts it provides students of economics and public policy with an ideal supplement to standard textbooks; for professionals in the field, it is an essential reference work and handbook."--Jacket

The Blackwell Companion to the Economics of Housing will help students and professionals alike to explore key elements of the housing economy: home prices, housing wealth, mortgage debt, and financial risk.

• Features 24 original essays, including an editorial introduction and three section overviews
• Includes 39 world-class authors from a mix of educational and financial organizations in the UK, Europe, Australia, and North America
• Broadly-based, scholarly, and accessible, serving students and professionals who wish to understand how today's housing economy works
• Profiles the role and relevance ofhousing wealth; the mismanagement of mortgage debt; and the pitfalls and potential of hedging housing risk
• Key topics include: the housing price bubble and crash; the subprime mortgage crisis in the US and its aftermath; the links between housing wealth, the macroeconomy, and the welfare of home-occupiers; the mitigation of credit and housing investment risks
• Specific case studies help to illustrate concepts, along with new data sets and analyses to illustrate empirical points

The Blackwell Companion to the Economics of Housing; Contents; List of Figures; List of Tables; Notes on Contributors; Preface; Acknowledgments; Chapter 1 Introduction; Part I Banking on Housing; Editorial; Chapter 2 Housing and Mortgage Markets: An OECD Perspective; Chapter 3 Is Housing Wealth an "ATM"?: International Trends; Chapter 4 Housing Wealth Effects and Course of the US Economy: Theory, Evidence, and Policy Implications; Chapter 5 The Rise in Home Prices and Household Debt in the UK: Potential Causes and Implications; Chapter 6 Housing Wealth and Mortgage Debt in Australia.