Global Housing Markets

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This book offers a global perspective on the recent economic collapse, tracing the origins of the housing market bubble that began to burst in the United States in 2007 and subsequently affected asset markets worldwide. It assesses the various policy initiatives proposed by different countries to address their crises, with a particular focus on stabilizing the housing market. Unlike other analyses, this work emphasizes both the housing and financial sectors, recognizing that many nations were involved in the bubbles to varying degrees, leading to diverse impacts and responses. The narrative highlights the U.S. housing crisis as central to the meltdown, detailing the evolution of housing markets and policies leading up to the crisis and their repercussions in Europe and Asia. It compares the experiences of different countries, identifying policy implications and research lessons learned. Featuring insights from notable contributors with strong ties to both practice and academia, the guide examines the history and evolution of the crisis as it pertains to each contributor's region, while also exploring the similarities and differences in policy responses across the globe. This comprehensive analysis is timely and crucial for understanding the multifaceted nature of the crisis.