Susan M. Wachter
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American economist and academic
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Economics
Susan M. Wachter's Degrees
- PhD Economics University of Pennsylvania
- Masters Economics University of Pennsylvania
- Bachelors Economics University of Cincinnati
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Why Is Susan M. Wachter Influential?
(Suggest an Edit or Addition)According to Wikipedia, Susan M. Wachter is the Albert Sussman Professor of Real Estate, and Professor of Finance at The Wharton School of the University of Pennsylvania, the Director for the Wharton GeoSpatial Initiative and Lab, and the co-director of the Penn Institute for Urban Research. She also co-directs the Spatial Integration Laboratory for Urban Systems at the University of Pennsylvania. As an economist, she is frequently sought for comment on real estate market trends in well known media outlets—a recent interview with the International Monetary Fund summarizes her views and research.
Susan M. Wachter's Published Works
Published Works
- The Impacts of Borrowing Constraints on Homeownership (1989) (408)
- The American Mortgage in Historical and International Context (2005) (360)
- Real Estate Booms and Banking Busts: An International Perspective (1999) (290)
- The Role of Speculation in Real Estate Cycles (2002) (278)
- On Choosing Among House Price Index Methodologies (1991) (272)
- Borrowing Constraints and the Tenure Choice of Young Households (1996) (263)
- The Effects of Land-Use Constraints on Housing Prices (1990) (258)
- The Neighborhood Distribution of Subprime Mortgage Lending (2003) (239)
- Immigration and the Neighborhood (2006) (217)
- Does Credit Quality Matter for Homeownership? (2003) (161)
- Wealth Accumulation and Housing Choices of Young Households: An Exploratory Investigation (1995) (159)
- Explaining the Housing Bubble (2012) (158)
- The impacts of affordable lending efforts on homeownership rates (2003) (138)
- Subprime Lending and Real Estate Prices (2009) (134)
- Analyzing the Relationships Among Race, Wealth, and Home Ownership in America (1998) (128)
- The Spatial Bias of Federal Housing Law and Policy: Concentrated Poverty in Urban America (1995) (126)
- The Differential Impacts of Federally Assisted Housing Programs on Nearby Property Values: A Philadelphia Case Study (1999) (126)
- Anisotropic Autocorrelation in House Prices (2001) (121)
- Neighborhood patterns of subprime lending: Evidence from disparate cities (2004) (119)
- Racial and Ethnic Disparities in Homeownership (1992) (115)
- State and Local Anti-Predatory Lending Laws: The Effect of Legal Enforcement Mechanisms (2007) (110)
- Where the homeless come from: A study of the prior address distribution of families admitted to public shelters in New York City and Philadelphia (1996) (108)
- REIT Economies of Scale: Fact or Fiction? (2000) (105)
- Polarisation, Public Housing and Racial Minorities in US Cities (1998) (104)
- Racial differences in homeownership: the effect of residential location (2003) (99)
- Clustering Methods for Real Estate Portfolios (1995) (94)
- The Housing Finance Revolution (2007) (94)
- Growing Greener Cities: Urban Sustainability in the Twenty-First Century (2008) (91)
- Frequency of Transaction and House Price Modeling (1997) (82)
- Rebuilding Urban Places After Disaster: Lessons from Hurricane Katrina (2007) (81)
- Impacts of housing and mortgage market discrimination racial and ethnic disparities in homeownership (1992) (80)
- Did Office Market Size Matter in the 1980s? A Time‐Series Cross‐Sectional Analysis of Metropolitan Area Office Markets (1992) (72)
- A Tale of Two Cities: Racial and Ethnic Geographic Disparities in Home Mortgage Lending in Boston and Philadelphia (1993) (72)
- Housing Market Constraints and Spatial Stratification by Income and Race (1995) (71)
- Do Borrowing Constraints Change U.S. Homeownership Rates (1997) (70)
- The Inevitability of Marketwide Underpricing of Mortgage Default Risk (2006) (67)
- The Global Real Estate Crash: Evidence from an International Database (2001) (64)
- Homeownership Counseling Performance: How Can it Be Measured? (1996) (64)
- An Economic Analysis of Housing Abandonment (1998) (63)
- Bubbles in Real Estate Markets (2002) (60)
- Borrowing Constraints during the Housing Bubble (2013) (59)
- Bubbles in Real Estate Markets 1 (2002) (58)
- International Encyclopaedia of Housing and Home (2012) (57)
- Homogeneous Groupings of Metropolitan Housing Markets (1994) (56)
- Systemic Risk through Securitization: The Result of Deregulation and Regulatory Failure (2009) (55)
- Information Externalities and Home Mortgage Underwriting (1998) (51)
- The Commercial Real Estate Bubble (2013) (50)
- Bank Lending and Real Estate in Asia: Market Optimism and Asset Bubbles (2004) (50)
- The Determinants of Neighborhood Transformations in Philadelphia Identification and Analysis: The New Kensington Pilot Study (2005) (49)
- Borrower and neighborhood racial and income characteristics and financial institution mortgage application screening (1994) (48)
- Neighborhood and Life Chances: How Place Matters in Modern America (2011) (46)
- Robbing the Bank: Non-recourse Lending and Asset Prices (2004) (46)
- Residential real estate price indices as financial soundness indicators: methodological issues (2005) (45)
- Community Reinvestment and Credit Risk: Evidence from an Affordable Home Loan Program (1999) (45)
- What is a Tree Worth? Green-City Strategies, Signaling and Housing Prices (2008) (44)
- Repeat Sales House Price Index Methodology (2014) (43)
- Mortgage Product Substitution and State Anti-predatory Lending Laws: Better Loans and Better Borrowers? (2009) (40)
- Macroeconomic Risk Factors and the Role of Mispriced Credit in the Returns from International Real Estate Securities (2015) (37)
- Borrowing Constraints and Homeownership (2016) (36)
- Mortgage Put Options and Real Estate Markets (2008) (36)
- Flood Risk and the U.S. Housing Market (2019) (35)
- Expected Home Ownership and Real Wealth Accumulation of Youth (1996) (32)
- Global Food Prices and Domestic Inflation: Some Cross-Country Evidence (2015) (30)
- The Housing and Credit Bubbles in the United States and Europe: A Comparison (2015) (28)
- Credit impairment and housing tenure status (2010) (26)
- Homelessness and Public Shelter Provision in New York City (1999) (25)
- Public Investment Strategies: How They Matter for Neighborhoods in Philadelphia-Identification and Analysis (2006) (25)
- Systemic Risk and Market Institutions (2009) (23)
- A Renter or Homeowner Nation? (2016) (23)
- Redlining and Public Policy (1980) (22)
- Latin American inflation: The structuralist-monetarist debate (1976) (21)
- Securitization: Cause or Remedy of the Financial Crisis? (2009) (21)
- Urban Growth and Housing Affordability: The Conflict (2009) (21)
- REITS and Underlying Real Estate Markets: Is There a Link? (2011) (21)
- Opportunity and Housing Access (2017) (20)
- Spatial Variation in GSE Mortgage Purchase Activity (2002) (18)
- Principles to Guide Housing Policy at the Beginning of the New Millennium (2001) (18)
- Slums: How Informal Real Estate Markets Work (2016) (18)
- Do Cities and Suburbs Cluster? (1999) (17)
- Underpriced Lending and Real Estate Markets (2006) (16)
- Homeownership and Nontraditional and Subprime Mortgages (2017) (16)
- Supply Elasticity of Housing (2012) (15)
- Subprime Lending and Real Estate Markets (2008) (15)
- House Price Index Methodology (2010) (15)
- What is a Tree Worth? Green-City Strategies and Housing Prices (2006) (15)
- The Consequences of REIT Index Membership for Return Patterns (2016) (15)
- Securitization and Systemic Risk Amid Deregulation and Regulatory Failure (2009) (14)
- Transparency in the Mortgage Market (2014) (14)
- Inflation and Real Estate Investments (2011) (14)
- The South Florida Ecosystem Portfolio Model - A Map-Based Multicriteria Ecological, Economic, and Community Land-Use Planning Tool (2009) (14)
- Second-Liens and the Leverage Option (2015) (14)
- Subprime Lending: Neighborhood Patterns Over Time in Us Cities (2006) (14)
- The Urban Water Transition: Why We Must Address the New Reality of Urbanization, Women, Water, and Sanitation in Sustainable Development (2012) (13)
- REIT Capital Structure Choices: Preparation Matters (2016) (13)
- Borrowing Constraints and Homeownership Over the Recent Cycle (2016) (13)
- Representations and Warranties: Why They Did Not Stop the Crisis (2016) (13)
- The Public Option in Housing Finance (2013) (12)
- Real Estate and the Great Crisis: Lessons for Macroprudential Policy (2019) (12)
- Subprime Lending and House Price Volatility (2009) (12)
- 1968 Congressional FHA Amendments to the National Housing Act: Their Impact on Urban Areas (1980) (12)
- Introduction: Urban Greening and the Green City Ideal (2008) (12)
- Accessing Homeownership With Credit Constraints (2019) (12)
- Subprime lending: neighborhood patterns over time (2005) (11)
- Real Estate Prices in Beijing, 1644 to 1840 (2012) (11)
- Revitalizing American Cities (2014) (11)
- The Dodd-Frank Act and Housing Finance: Can It Restore Private Risk Capital to the Securitization Market? (2011) (11)
- Underpriced Default Spread Exacerbates Market Crashes (2006) (11)
- Mortgage Risk Premiums during the Housing Bubble (2018) (10)
- Structuralism vs. Monetarism: Inflation in Chile (1979) (10)
- houSing and the BuSineSS cycle (2007) (10)
- Explaining the United States' Uniquely Bad Housing Market (2008) (10)
- Discrimination in Financial Services: What Do We Know? (1997) (10)
- Urban Governance and Development of Informality in China and India (2014) (10)
- The Affordability Challenge: Inclusionary Housing and Community Land Trusts in a Federal System (2012) (9)
- Global Food Prices and Domestic Inflation : Some Cross-Country Evidence (2015) (9)
- Sustainable Homeownership (2009) (9)
- Women's Health and the World's Cities (2011) (9)
- Credit Supply and Housing Prices in National and Local Markets (2014) (9)
- Why Cyclicality Matters to Access to Mortgage Credit (2017) (8)
- Subsidizing shelter: The relationship between welfare and housing assistance, by Sandra J. Newman and Ann B. Schnare. Washington, DC: The Urban Institute Press, 1988, 206 pp. Price: $14.95 paper (1990) (8)
- Credit Risk Transfer, Informed Markets, and Securitization (2018) (8)
- The American Mortgage System: Crisis and Reform (2011) (8)
- Interjurisdictional Price Effects of Land Use Controls (1991) (7)
- The Housing and Credit Bubbles in the US and Europe: A Comparison (2014) (7)
- Savings and Capital Formation: The Policy Options (1986) (7)
- Mortgage Default Option Mispricing and Procyclicality (2013) (7)
- Geospatial Analysis for Real Estate Valuation Models (2005) (7)
- Information Failure and the U.S. Mortgage Crisis (2010) (7)
- Real Estate Cycles and Banking Crises: An International Perspective (1998) (7)
- Endowments and Minority Homeownership (2018) (7)
- Chapter 1. World Urbanization: The Critical Issue of the Twenty-First Century (2011) (6)
- International Encyclopedia of Housing and Home, Vol. 5 (2012) (6)
- The Global Financial Crisis and Housing: A New Policy Paradigm (2014) (6)
- Price Revelation and Efficient Mortgage Markets (2009) (6)
- The Option Value of Non-Recourse Lending and Inflated Asset Prices (2002) (6)
- First-Time Homebuyers: Toward a New Measure (2017) (6)
- The Market Structure of Securitisation and the US Housing Bubble (2014) (6)
- Implications of the Housing Market Bubble for Sustainable Homeownership (2010) (6)
- The Shape of the New American City (2009) (5)
- Why are aggressive mortgage products bad for the housing market (2016) (5)
- Special issue on subprime mortgage lending (2008) (5)
- Opportunity, Housing Access, and Infrastructure (2017) (5)
- Social security and private pensions : providing for retirement in the twenty-first century (1988) (5)
- The Impact of State Antipredatory Lending Laws: Policy Implications and Insights (2008) (4)
- Misaligned Incentives and Mortgage Lending in Asia (2007) (4)
- Green investment strategies: a positive force in cities (2008) (4)
- Smart Growth and Housing Policy (2001) (4)
- Interest Rates, User Cost of Capital, and Housing Price Dynamics (2010) (4)
- Credit Risk, Informed Markets, and Securitization (2018) (4)
- Price Discovery in the Credit Markets (2017) (4)
- Housing America: The Unequal Geography of Risk and Opportunity (2015) (4)
- REIT Financing Choices: Preparation Matters (2015) (4)
- Using Econometrics and Geographic Information Systems for Property Valuation : A Spatial Hedonic Pricing Model (2013) (4)
- The Global Financial Crisis and Housing (2014) (4)
- Global Food Prices and Domestic Inflation (2015) (4)
- Chapter 17. Green Investment Strategies: How They Matter for Urban Neighborhoods (2008) (3)
- The Mortgage Market as a Stimulus Channel in the COVID-19 Crisis (2021) (3)
- A New Coalescence in the Housing Finance Reform Debate (2016) (3)
- Real Estate and the Great Crisis: Lessons for Macro-Prudential Policy (2016) (3)
- Mortgage Market, Character and Trends: United States (2012) (3)
- Comment on "Housing Policy, Mortgage Policy, and the Federal Housing Administration" (1975) (3)
- The Performance of New Private-Label Mortgage Loan Modifications after 2009 (2012) (3)
- Local Land Use Regulation and Housing Prices: How Relative Restrictiveness and Income Matter (2020) (3)
- The Public Interest in Consumer and Mortgage Credit Markets (2010) (3)
- Neighborhood and Life Chances (2011) (3)
- Introduction: Rebuilding Urban Places After Disaster (2007) (3)
- Employment Access, Residential Location and Homeownership (1999) (3)
- The Fair Housing Act at 50 (2019) (3)
- Special issue on housing policy (2002) (3)
- The Inevitability of Market-Wide Underpricing of Mortgage Default Risk Forthcoming Real Estate Economics (2017) (2)
- Immigration and the Neighborhood1 (2011) (2)
- Cities with Affordable Housing: Fulfilling the New Urban Agenda (2020) (2)
- The Past, Present, and Future of the Community Reinvestment Act (2020) (2)
- Polarization and Public Housing (1998) (2)
- 2007 Green Investment Strategies : How They Matter for Urban Neighborhoods (2013) (2)
- The Great American Housing Bubble (2020) (2)
- 'Credit Risk Transfer and the Sustainability of Housing Finance': (2017) (2)
- Chapter 14. Educational Equity in Post-Disaster New Orleans (2007) (2)
- Lending Competition and Non-Traditional Mortgages (2017) (2)
- Housing Challenges and the New Urban Agenda (2018) (2)
- The Future of Public Housing (1998) (1)
- Price Discovery Limits in the Credit Default Swap Market in the Financial Crisis (2020) (1)
- Land Use Regulation, Regulatory Spillover and Housing Prices (2020) (1)
- The Ongoing Financial Upheaval: Understanding the Sources and Way Out (2009) (1)
- Beyond bricks and mortar: Reexamining the purpose and effects of housing assistance, by Sandra J. Newman and Ann B. Schnare. Washington DC: Urban Institute Press, 1992, 160 pp. Price: $46.50 cloth, $18.50 paper (2007) (1)
- Mortgage Stress without Government Guarantees. Lessons from Hurricanes and the Credit Risk Transfers (2020) (1)
- A new housing policy for America: Recapturing the American dream, by David C. Schwartz, Richard C. Ferlauto, and Daniel N. Hoffman. Philadelphia, PA: Temple University Press, 1988, 332 pp. Price: $34.95 cloth, $19.95 paper (2007) (1)
- Uses and Limitations of HMDA Data in Identifying Discrimination and Redlining (1995) (1)
- The Impact of Real Factors and Inflation on the Performance of the U.S. Stock Market From 1960 to 1980: Discussion (1983) (1)
- Clustering Methods and Commercial Rents (1991) (1)
- Mortgage Market Regulation: North America (2012) (1)
- Suburbs and Cities (1996) (1)
- Transparency in the Mortgage Market (2015) (1)
- The Impact of Agricultural Prices on Inflation (2016) (1)
- The Inevitability of Market-Wide Underpriced Risk (2017) (1)
- Best Practice Methods for Cities: State of the Art (2016) (1)
- Mortgage Risk Premiums during the Housing Bubble (2019) (1)
- Mortgage Securitization in Asia (2007) (1)
- Growing Greener Cities (2008) (1)
- The Macroprudential Implications of the Qualified Mortgage Debate (2020) (1)
- Immigration and Segregation (2017) (1)
- Why Housing? (2013) (1)
- Urban ecosystem services and decision making for a green Philadelphia (2014) (1)
- Why the Ability-to-Repay Rule is Vital to Financial Stability (2019) (1)
- The Impact of State Anti-Predatory Lending Laws: Implications and Insights (2008) (1)
- Credit Impairment and Housing Tenure Choice (2008) (1)
- Inflation and Pensions (1991) (0)
- Adverse Selection and Climate Risk: A Response to Ouazad and Khan (2021) (2022) (0)
- The Mortgage Market in the Time of COVID (2021) (0)
- Chapter 1. Urban Governance and Development of Informality in China and India (2016) (0)
- Chapter 4. Regulation or Nationalization? Lessons Learned from the 2008 Financial Crisis (2012) (0)
- COVID-19’s Impacts on Housing Markets: Introduction (2022) (0)
- Pricing Mortgage Stress. Lessons from Covid-19 and the Credit Risk Transfers. (2021) (0)
- Immigration and the Neighborhood : Online Appendix (2010) (0)
- Securitization in Asia : Gains and Barriers (2007) (0)
- REIT Capital Structure Choices: When Does Preparation Matter? (2021) (0)
- Chapter 8. Urban Growth Models: State of the Art and Prospects (2011) (0)
- Economics and Finance (2012) (0)
- GNMA CHOICE: The Public Policy Issues (2002) (0)
- Is the CRA Still Relevant to Mortgage Lending? (2019) (0)
- Misaligned Incentives and Mortgage Lending in Asia Richard Green (2008) (0)
- A Roundtable on a National Framework for Natural Hazard Risk Reduction and Management: Developing a Research AgendaSummary Report (2007) (0)
- Jens Lunde and Christine Whitehead: Milestones in European housing finance (2017) (0)
- 1-2009 Mortgage Put Options and Real Estate Markets (2017) (0)
- Coalescence in the Housing Finance Reform Debate? (2016) (0)
- The Impact of Predatory Lending Laws: Policy Implications and Insights (2008) (0)
- Government-Sponsored Enterprises: Their Viability as Public Utilities (2021) (0)
- Mortgage Product Substitution and State Anti-predatory Lending Laws: Better Loans and Better Borrowers? (2012) (0)
- Book Review: Global Urbanization (2012) (0)
- Next Steps in the Housing Finance Reform Saga (2015) (0)
- Real Estate Investment and Leverage: In Good Times and in Bad (2014) (0)
- The price effects of greening vacant lots: How neighborhood attributes matter (2022) (0)
- Jens Lunde and Christine Whitehead: Milestones in European housing finance (2017) (0)
- Second Discussant Comment on “The Future of U.S. Housing Finance Reform” (2012) (0)
- The Effect of State Anti-Predatory Lending Laws on the Flow of Credit (2007) (0)
- Wharton-SMU Research Center Underpriced Default Spread Exacerbates Market Crashes (2006) (0)
- Subprime Lending and Real Estate Prices First draft : January 4 (2017) (0)
- 'Mortgage Lending and Systemic Crises: Defending Macro-Stability' (2019) (0)
- Employment Access , Residential Location and Homeownership Yongheng (1999) (0)
- Race and Policy: 50 Years after the Fair Housing Act (2019) (0)
- The American Mortgage System (2011) (0)
- Lending Competition, Regulation and Non-Traditional Mortgages (2021) (0)
- Adverse Selection and Climate Risk (2022) (0)
- Do Foreign Buyer Taxes Affect House Prices? (2021) (0)
- Chapter 1 0 Information Failure and the U.S. Mortgage Crisis (2011) (0)
- Housing issues of the 1990s, by Sara Rosenberry and Chester Hartman. New York: Praeger, 1989, 240 pp. Price: $55.00 cloth (2007) (0)
- Has the Mortgage Pendulum Swung Too Far? Panel 3 (2016) (0)
- Scarcity by design: The legacy of New York city's housing policy, by Peter D. Salins and Gerard C. S. Mildner. Cambridge, MA: Harvard University Press, 1992, 192 pp. Price: $29.95 cloth (1994) (0)
- Chapter 14. Philanthropy and Its Impact on Urban Women’s Health (2011) (0)
- Is the Community Reinvestment Act Still Relevant to Mortgage Lending? (2020) (0)
- Why are Aggressive Mortgage Products Bad for the Housing Market? (2016) (0)
- Immigration and the Neighborhood Albert Saiz (2006) (0)
- Comment on "Resolving large financial intermediaries: Banks versus housing enterprises" by Eisenbeis et al (2005) (0)
- Latin American structuralist and monetarist inflation theories : an application to Chile (1974) (0)
- Incentives for Mortgage Lending in Asia (2008) (0)
- Price Discovery Limits in the Credit Default Swap Market in the Financial Crisis (2020) (0)
- Amenity Value of Green Space: Evidence from Philadelphia (2021) (0)
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