Susan Wachter

Susan M. Wachter

Co-Director, PennIUR

Sussman Professor
Professor of Real Estate and Finance


Susan M. Wachter is Sussman Professor and Professor of Real Estate and Finance at The Wharton School, and Co-Director of Penn IUR. From 1998 to 2001, as Assistant Secretary for Policy Development and Research, U.S. Department of Housing and Urban Development, Dr. Wachter served as the senior urban policy official and Principal Advisor to the Secretary on overall HUD policies and programs. At The Wharton School, she was Chairperson of the Real Estate Department and Professor of Real Estate and Finance from July 1997 until her 1998 appointment to HUD. She founded and currently serves as Director of Wharton’s Geographical Information Systems Lab. Previously, Wachter served as a member of the Board of Directors of the Beneficial Corporation from 1985 to 1998 and of the MIG Residential REIT from 1994 to 1998. She was the editor of Real Estate Economics from 1997 to 1999 and currently serves on the editorial boards of several real estate journals. Wachter has been a member of the Advanced Studies Institute of the Homer Hoyt Institute since 1989. She co-founded and is Co-Director of the Penn Institute for Urban Research. She is the author of more than 150 scholarly publications and the recipient of several awards for teaching excellence at The Wharton School.

Selected Publications

Wachter, Susan M. and Adam J. Levitin. 2012. Explaining the Housing Bubble. Georgetown Law Journal 100(4): 1177-1258.

Wachter, Susan M. and Albert Saiz. 2011. Immigration and the Neighborhood. American Economic Journal: Economic Policy 3(2): 169-188.

Pavlov, Andrey D. and Susan M. Wachter. 2010. Subprime Lending and Real Estate Prices. Real Estate Economics, (August).

Adam Levitin and Susan M. Wachter. 2010. Explaining the Housing Bubble (working paper). Wharton Real Estate Center.

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