The Blackwell Companion to the Economics of Housing willhelp students and professionals alike to explore key elements ofthe housing economy: home prices, housing wealth, mortgage debt,and financial risk. * Features 24 original essays, including an editorialintroduction and three section overviews * Includes 39 world-class authors from a mix of educational andfinancial organizations in the UK, Europe, Australia, and NorthAmerica * Broadly-based, scholarly, and accessible, serving students andprofessionals who wish to understand how today s housingeconomy works * Profiles the role and relevance of housing wealth; themismanagement of mortgage debt; and the pitfalls and potential ofhedging housing risk * Key topics include: the housing price bubble and crash; thesubprime mortgage crisis in the US and its aftermath; the linksbetween housing wealth, the macroeconomy, and the welfare ofhome-occupiers; the mitigation of credit and housing investmentrisks * Specific case studies help to illustrate concepts, along withnew data sets and analyses to illustrate empirical points
Susan J. Smith is Mistress of Girton College Cambridge. Shewas previously Professor of Geography and a Director of theInstitute of Advanced Study at Durham University. She is a graduateof Oxford University (MA, DPhil), a Fellow of the British Academyand of the Royal Society of Edinburgh, an Academician of theAcademy of Social Sciences and a member of the Society of Authors.Professor Smith has published over 100 scholarly papers coveringtopics that range from residential segregation to healthdiscrimination, from mortgage equity withdrawal to spread-bettingon home price dynamics. Her books include Housing & SocialPolicy (1990), Housing for Health (2000), ThePolitics of Race and Residence (1989), and Children atRisk (1995). She is Editor-in-chief of the forthcoming International Encyclopedia of Housing and Home (2012) andhas written a variety of press articles on home prices and housingmarkets. Beverley A. Searle is a Lecturer in Human Geography atDurham University. She gained a PhD in 2005 from the University ofYork. Her research interest focuses on housing wealth andhouseholds' welfare and well-being. She is author of Well-being:In Search of a Good Life? (2008).