Susan M Wachter

Susan M Wachter
  • Albert Sussman Professor of Real Estate
  • Professor of Finance

Contact Information

  • office Address:

    422 Vance Hall
    3733 Spruce Street
    Philadelphia, PA 19104-6301

Research Interests: housing finance, real estate economics, urban economics

Links: CV, Personal Website

Overview

Consulting

Real Estate Markets – Jones Lang LaSalle;  Mortgage Insurance Markets – GE Financial.

Career and Recent Professional Awards; Teaching Awards

American Real Estate and Urban Economics Lifetime Achievement Award 2005; American Real Estate and Urban Economics Best International Paper Award 1995; Undergraduate Division Excellence in Teaching Award, 1991; Lindback Award for Distinguished Teaching, University of Pennsylvania, 1975; Anvil Award for Teaching Excellence, 1974

Academic Positions Held

Wharton: 1972-present; named Albert Sussman Professor of Real Estate July 2013;  (Richard B. Worley Professor of Financial Management, 2003-2013); Chairperson, Real Estate Department, 1997-2000; Director, Wharton Geographical Information Systems Lab, 1995-present). University of Pennsylvania: (Co-director of Penn Institute for Urban Research, 2004-Present; Professor of City and Regional Planning, 1995-present; Ombudsman, 1987-90). Previous appointment: Bryn Mawr College. Visiting appointment: Singapore Management University (Celia Moh Visiting Professor, 2004)

Professional Leadership

Board of Editors, Journal of Housing Economics, 2003-present; Board of Editors, Housing Policy Debate, 2003-present; Board of Editors, Journal of Real Estate and Finance, 2003-present; Board of Editors, Journal of Real Estate Research, 2004-present; Board of Editors, Journal of Housing Research, 2006; Homer Hoyt Institute Faculty Fellow, 2003-present

Corporate and Public Sector Leadership

Financial Research Advisory Committee, Office of Financial Research, U.S. Department of the Treasury 2016-present; Global Urban Development Advisory Board; National Research Council Review Board on HUD Research 2008; Advisory Board for Regulatory Research, National Association of Homebuilders, 2005-2006; Board of Directors, American Real Estate and Urban Economics Association, 2003-2006; Blue Ribbon Committee on Housing Finance, 2005-2006

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Research

  • Susan M Wachter, John V. Duca, Lilit Popoyan (2019), Real Estate and the Great Crisis: Lessons for Macro-Prudential Policy, Contemporary Economic Policy, Vol. 37, pp. 121-137.

  • Susan M Wachter, Arthur Acolin, Desen Lin (2019), Endowments and Minority Homeownership, Cityscape: A Journal of Policy Development and Research, Vol. 21, pp. 5-62.

  • Susan M Wachter, Adam Levitin, Desen Lin (2019), Mortgage Risk Premiums during the Housing Bubble, Journal of Real Estate Finance and Economics, forthcoming..

  • Susan M Wachter, Howard Kunreuther, Carolyn Kousky, Michael Lacour-Little, Flood Risk and the US Housing Market.

  • Susan M Wachter and Patricia Mccoy, Why the Ability-to-Repay Rule is Vital to Financial Stability.

  • Susan M Wachter, Pedro Gete, Franco Zechetto (Working), Credit Risk Transfers and Financial Fragility.

  • Susan M Wachter, Arthur Acolin, Desen Lin, The Persistence of Low Minority Homeownership.

  • Susan M Wachter, Andrey Pavlov, Eduardo Schwartz, Price Discovery in the Credit Markets.

  • Susan M Wachter, Marja Hoek-Smit, Kim Kyung-Hwan (Working), Housing Finance and the New Urban Agenda.

  • Susan M Wachter (2018), “Credit Risk, Informed Markets, and Securitization,” Economic Policy Review,, Vol. 24, pp. 117-137.

Awards and Honors

  • American Real Estate and Urban Economics Lifetime Achievement Award, 2005
  • Presidential Appointment, Senate Confirmation, Assistant Secretary, HUD, 1998-2001
  • Best Published Paper (Real Estate Economics), 1996

In the News

Knowledge @ Wharton

Activity

Latest Research

Susan M Wachter, John V. Duca, Lilit Popoyan (2019), Real Estate and the Great Crisis: Lessons for Macro-Prudential Policy, Contemporary Economic Policy, Vol. 37, pp. 121-137.
All Research

In the News

What’s Ahead for the U.S. Housing Market in 2020?

Low interest rates and rising demand from millennials should bolster the market in the year ahead, even while housing supply continues to run short, say experts.

Knowledge @ Wharton - 2020/01/17
All News

Awards and Honors

American Real Estate and Urban Economics Lifetime Achievement Award 2005
All Awards