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 * Broadlybased, 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

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Leseprobe