a recent book on the Economics of Housing

The Blackwell Companion to the Economics of Housing: The Housing Wealth of Nations
Susan J. Smith (Editor), Beverley A. Searle (Editor)


http://ca.wiley.com/WileyCDA/WileyTitle/productCd-1405192151,descCd-description.html
ISBN: 978-1-4051-9215-6
Hardcover
648 pages
March 2010, Wiley-Blackwell

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 point
  
  
  Table of Contents
  Chapter 1: Introduction (Susan J. Smith, Beverley A. Searle, and Gareth D. Powells).Part One: Banking on Housing.
  Introduction (Editors).
  Chapter 2: Housing and Mortgage markets: An OECD perspective (Nathalie Girouard).
  Chapter 3: Is Housing Wealth an ‘ATM’?: International Trends (Vladimir Kluyev and Paul Mills).
  Chapter 4: Housing Wealth Effects and Course of the US Economy:  Theory, Evidence, and Policy Implications (Eric S. Belsky).
  Chapter 5: The rise in house prices and household debt in the United Kingdom: potential causes and implications (Matt Waldron and Fabrizio Zampolli).
  Chapter 6: Housing Wealth and Mortgage Debt in Australia (Mike Berry).
  Chapter 7: A Survey of Housing Equity Withdrawal and Injection in Australia (Carl Schwartz, Tim Hampton, Christine Lewis and David Norman).
  Chapter 8: What do we know about equity withdrawal by households in New Zealand? (Mark Smith).
  Chapter 9: What happened to the housing system? (Duncan Maclennan).
  Part Two: Housing Wealth as a Financial Buffer.
  Introduction (Editors).
  Chapter 10: Trading on housing wealth: political risk in an ageing society (Mike Berry and Tony Dalton).
  Chapter 11: Housing Equity Withdrawal and Retirement: Evidence from the Household, Income and Labour Dynamics in Australia Survey (HILDA) (Gavin Wood and Christian A. Nygaard).
  Chapter 12: Housing Markets, Wealth and ‘Self-Insurance’ in Spain (Joan Costa-Font, Joan Gill and Oscar Mascarilla).
  Chapter 13: Housing wealth: a safety net of last resort? Findings from a European study (Deborah Quilgars and Anwen Jones).
  Chapter 14: 'Pots of gold': Housing wealth and economic wellbeing in Australia (Val Colic-Peisker, Guy Johnson and Susan J. Smith).
  Chapter 15: Housing Wealth as Insurance:  Insights from the UK (Beverley A Searle and Susan J Smith).
  Chapter 16: Housing to manage debt and family care in the USA (Helen Jarvis).
  Chapter 17: The Subprime State of Race (Elvin K. Wyly).
  Chapter 18: The Housing Finance Revolution (Richard Green and Susan Wachter).
  Part Three: Mitigating Housing Risk.
  Introduction (Editors).
  Chapter 19: How Housing Busts End: House Prices, User Cost and Rigidities During Down Cycles (Karl E. Case and John M. Quigley).
  Chapter 20: Is there a Role for Shared Equity Products in Twenty-First Century Housing? Experience in Australia and the UK (Christine Whitehead, and Judith Yates).
  Chapter 21: Trading on house price risk:  Index derivatives and home equity insurance (Peter Englund).
  Chapter 22: Hedging Housing Risk: A Financial Markets Perspective (Jonathan Reiss, John Blank, Peter Sceats, John Edwards with Susan J Smith).
  Creating housing futures: a view from the market (Jonathan Reiss).
  Residential property derivatives: exchange-traded futures and options (John Blank).
  Residential Property Derivatives: The role and relevance of over-the-counter trading (Peter Sceats).
  An interim Solution (John Edwards).
  Chapter 23: Hedging Housing Risk: Is it Feasible? (Steve Swidler and  Harris Hollans).
  Chapter 24: Housing Risk and Property Derivatives: the Role of Financial Engineering (Juerg Syz).
  Chapter 25: Housing Futures: A role for derivatives? (Susan J. Smith).
  
  Susan J. Smith is Mistress of Girton College Cambridge. She was previously Professor of Geography and a Director of the Institute of Advanced Study at Durham University. She is a graduate of Oxford University (MA, DPhil), a Fellow of the British Academy and of the Royal Society of Edinburgh, an Academician of the Academy of Social Sciences and a member of the Society of Authors. Professor Smith has published over 100 scholarly papers covering topics that range from residential segregation to health discrimination, from mortgage equity withdrawal to spread-betting on home price dynamics. Her books include Housing & Social Policy (1990), Housing for Health (2000), The Politics of Race and Residence (1989), and Children at Risk (1995). She is Editor-in-chief of the forthcoming International Encyclopedia of Housing and Home (2012) and has written a variety of press articles on home prices and housing markets.Beverley A. Searle is a Lecturer in Human Geography at Durham University. She gained a PhD in 2005 from theUniversity of York. Her research interest focuses on housing wealth and households’ welfare and well-being. She is author of Well-being: In Search of a Good Life? (2008).