Housing Economics focuses upon contemporary developments and the cutting edge of research in the field although some reference to classic studies is also made. Part I considers core topics in the microeconomics of housing markets, such as the determinants of housing demand, tenure choice and housing market search behavior. Part II looks at the mechanisms for financing housing consumption. It considers the regulation and reform of the mortgage market. The second part of the volume considers house price dynamics, in particular attempts to understand whether housing markets can experience bubbles and, if so, what happens when such bubbles deflate. Part III recognizes the many ways in which housing markets are connected with other aspects of society and the economy and illustrates these important interconnections. Part IV addresses two distinct topics. First, it considers the varying role of government in the housing market: tax and subsidy; direct provision and regulation. Second, the volume includes a selection of papers that one, seek to step back from the analysis of specific housing market phenomenon and consider the way in which housing economists approach market analysis or two, illustrate the diversity of approaches to the economic analysis of housing.