International Housing Economics and Finance

3-0-6 units · Graduate

Presents a theory of comparative differences in international housing outcomes. Introduces institutional differences in ways housing expenditures are financed, and economic determinants of housing outcomes (construction costs, land values, housing quality, ownership rates). Analyzes flow of funds to and from the different national housing finance sectors. Develops an understanding of the greater financial and macroeconomic implications of mortgage credit sector, and how policies affect ways housing asset fluctuations impact national economies. Considers perspective of investors in international real estate markets and risks and rewards involved. Draws on lessons from international comparative approach, applies them to economic and finance policies at the local, state/provincial, and federal levels within country of choice. Meets with 11.145 when offered concurrently. Students taking graduate version complete additional assignments.