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Housing Markets and the Economy

Housing Markets and the Economy
Author: Karl E. Case
Publisher: Lincoln Inst of Land Policy
Total Pages: 417
Release: 2009
Genre: Business & Economics
ISBN: 9781558441842

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Based on the work of Karl "Chip" Case, who is renowned for his scientific contributions to the economics of housing and public policy, this is a must read during a time of restructuring our nation's system of housing finance.


Housing and Mortgage Markets in Historical Perspective

Housing and Mortgage Markets in Historical Perspective
Author: Eugene N. White
Publisher: University of Chicago Press
Total Pages: 408
Release: 2014-10-17
Genre: Business & Economics
ISBN: 022609328X

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The central role of the housing market in the recent recession raised a series of questions about similar episodes throughout economic history. Were the underlying causes of housing and mortgage crises the same in earlier episodes? Has the onset and spread of crises changed over time? How have previous policy interventions either damaged or improved long-run market performance and stability? This volume begins to answer these questions, providing a much-needed context for understanding recent events by examining how historical housing and mortgage markets worked—and how they sometimes failed. Renowned economic historians Eugene N. White, Kenneth Snowden, and Price Fishback survey the foundational research on housing crises, comparing that of the 1930s to that of the early 2000s in order to authoritatively identify what contributed to each crisis. Later chapters explore notable historical experiences with mortgage securitization and the role that federal policy played in the surge in home ownership between 1940 and 1960. By providing a broad historical overview of housing and mortgage markets, the volume offers valuable new insights to inform future policy debates.


The Microstructures of Housing Markets

The Microstructures of Housing Markets
Author: Susan J. Smith
Publisher: Routledge
Total Pages: 217
Release: 2013-10-31
Genre: Business & Economics
ISBN: 1317968034

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House prices and mortgage debt have moved to centre stage in the management of national economies, regional development and neighbourhood change. Describing, analysing and understanding how housing markets work within and across these scales of economy and society has never been more urgent. But much more is known about the macro-scales than the microstructures; and about the economic rather than social drivers of housing market dynamics. This book redresses the balance. It shows that housing markets are social, cultural and psychological – as well as economic – affairs. This multidisciplinary approach is helpful in understanding the economic staples of supply, demand, price and information. It also casts new light on the emotional and political economy of markets.


Housing Economics

Housing Economics
Author: Geoffrey Meen
Publisher: Springer
Total Pages: 313
Release: 2016-04-29
Genre: Business & Economics
ISBN: 1137472715

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The world has still to emerge fully from the housing-triggered Global Financial Crisis, but housing crises are not new. The history of housing shows long-run social progress, littered with major disasters; nevertheless the progress is often forgotten, whilst the difficulties hit the headlines. Housing Economics provides a long-term economic perspective on macro and urban housing issues, from the Victorian era onwards. A historical perspective sheds light on modern problems and the constraints on what can be achieved; it concentrates on the key policy issues of housing supply, affordability, tenure, the distribution of migrant communities, mortgage markets and household mobility. Local case studies are interwoven with city-wide aggregate analysis. Three sets of issues are addressed: the underlying reasons for the initial establishment of residential neighbourhoods, the processes that generate growth, decline and patterns of integration/segregation, and the impact of historical development on current problems and the implications for policy.


A Primer on U.S. Housing Markets and Housing Policy

A Primer on U.S. Housing Markets and Housing Policy
Author: Richard K. Green
Publisher: The Urban Insitute
Total Pages: 240
Release: 2003
Genre: Political Science
ISBN: 9780877667025

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The first book that explains the economics of housing policy for a general audience. Planners, government officials, and public policy students will find that the economic perspective is a very powerful and useful way to examine these issues. The authors provide a broad review of the market for housing services in the U.S., including a conceptual framework, an overview of housing demand and supply, methods for measuring prices and quantities, and sources of basic data on markets. They cover housing programs and polices, and offer answers to policy questions that are of current interest. The book has been field-tested in graduate and undergraduate courses in urban and housing economics at the University of Wisconsin, the University of California--Berkeley, The University of Pennsylvania, and others. This book is also sure to be useful to policymakers, advocates, economists, and anyone interested in a clear picture of how housing markets function. Published in cooperation with the American Real Estate and Urban Economics Association (AREUEA).


Housing Economics

Housing Economics
Author: George Fallis
Publisher: Butterworth-Heinemann
Total Pages: 250
Release: 2014-05-12
Genre: Business & Economics
ISBN: 1483192563

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Housing Economics provides information pertinent to the fundamental aspects of housing economics. This book discusses the economic theory of how households make housing choices, how suppliers make decisions, and how changes in exogenous variables alter the market outcome. Organized into 10 chapters, this book begins with an overview of the nature of housing economics and explains why the standard microeconomic models need to be modified. This text then examines the demand side of the housing market. Other chapters provide an economic analysis of the supply side of the housing market. This book discusses as well the housing market models as they arise in a more macroeconomic context. The final chapter deals with the effects of different housing programs on consumers, producers, and the market equilibrium. This book is a valuable resource for undergraduate students of economics. Planners, urban geographers, policy analysts, and civil servants will also find this book useful.


Housing Market Challenges in Europe and the United States

Housing Market Challenges in Europe and the United States
Author: P. Arestis
Publisher: Springer
Total Pages: 269
Release: 2009-11-18
Genre: Business & Economics
ISBN: 0230246982

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Housing finance structures and Institutional and regulatory/fiscal aspects in housing have changed significantly in recent years. This book examines the development in housing markets in Europe and the US, and looks at ways to make housing more affordable and housing market developments more stable.


Rethinking the Economics of Land and Housing

Rethinking the Economics of Land and Housing
Author: Josh Ryan-Collins
Publisher: Zed Books Ltd.
Total Pages: 214
Release: 2017-02-28
Genre: Business & Economics
ISBN: 1786991217

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Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.


Housing, Financial Markets and the Wider Economy

Housing, Financial Markets and the Wider Economy
Author: David Miles
Publisher:
Total Pages: 256
Release: 1994
Genre: Business & Economics
ISBN:

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Fluctuations in the value of property and changes in the availability of loans made against the collateral of houses can have major macroeconomic effects. This study develops a frame within which the interactions of housing markets, financial markets and government policy can be analyzed.


Housing Market Dynamics in Africa

Housing Market Dynamics in Africa
Author: El-hadj M. Bah
Publisher: Springer
Total Pages: 272
Release: 2018-03-12
Genre: Business & Economics
ISBN: 1137597925

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This open access book utilizes new data to thoroughly analyze the main factors currently shaping the African housing market. Some of these factors include the supply and demand for housing finance, land tenure security issues, construction cost conundrum, infrastructure provision, and low-cost housing alternatives. Through detailed analysis, the authors investigate the political economy surrounding the continent’s housing market and the constraints that behind-the-scenes policy makers need to address in their attempts to provide affordable housing for the majority in need. With Africa’s urban population growing rapidly, this study highlights how broad demographic shifts and rapid urbanization are placing enormous pressure on the limited infrastructure in many cities and stretching the economic and social fabric of municipalities to their breaking point. But beyond providing a snapshot of the present conditions of the African housing market, the book offers recommendations and actionable measures for policy makers and other stakeholders on how best to provide affordable housing and alleviate Africa’s housing deficit. This work will be of particular interest to practitioners, non-governmental organizations, private sector actors, students and researchers of economic policy, international development, and urban development.