About the Book
The analysis of the mortgage markets is a specialized subject and one with extremely wide-ranging implications; as well as dictating the housing market, it affects the stability of the whole economy.
The 1990s saw a huge growth in mortgage market analysis as an academic subject and a vast literature exists, scattered among the key real estate journals. There is now a great need to not only bring this complex subject area together but also to abstract the main issues and render them intelligible."
Economics of the Mortgage Market: perspectives on household decision making" provides an organised research resource for financial analysts in real estate, as well as researchers in real estate finance, real estate economics, housing economics and urban economics.
The author informs and motivates further research into the microeconomics of mortgage markets by:
Collating a disparate literature into a single source
Analyzing a complex set of issues in an accessible way for the non-mathematical reader
Linking household behaviour to key issues in mortgage market economics and mortgage valuation
Presenting his own original research and thinking in this area.
The analysis of the mortgage market is a specialised field but examines a financial market with extremely wide-ranging implications; it affects the stability of the whole economy.
The key thing about this analysis is the increasing importance of the secondary mortgage market - which in the US is now several times larger than the market for government debt. The UK secondary mortgage market is also growing and the book will provide a timely resource to those active and interested in this important financial market.
The 1990s saw an enormous growth of mortgage market analysis as an academic subject and there is a vast literature scattered among the key real estate journals. There is now a great need to not only bring this very complex subject area together, but also to abstract the main issues and to render them intelligible. The book will provide an organised research resource and also inform and motivate further research into the microeconomics of mortgage markets.