People

Through the Faculty Fellows Program, the Institute fosters an environment that encourages cross-disciplinary connections and nurtures a collaborative spirit among faculty across the 12 schools. This program identifies faculty with a demonstrated interest in urban research and provides research and communication services.

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Faculty Fellow

Susan Wachter

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Albert Sussman Professor of Real Estate, Professor of Finance

Co-Director, Penn Institute for Urban Research

About

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

Acolin, Arthur, Xudong An, Raphael Bostic, and Susan M. Wachter. 2017. “Homeownership and Nontraditional and Subprime Mortgages.” Housing Policy Debate 27(3): 393-418.

Wachter, Susan M., Arthur Acolin, and Scott Bernstein. 2017. “Opportunity, Housing Access, and Infrastructure.” Housing Policy Debate 27(3): 468-471.

Wachter, Susan M. and Patricia Mccoy. 2017. “Representations and Warranties: Why They Did Not Stop the Crisis.” In Evidence and Innovation in Housing Law and Policy, edited by Lee Fennell and Benjamin Keys. Cambridge, U.K.: Cambridge University Press.

Wachter, Susan M. and Joseph Tracy, eds. 2016. Principles of Housing Finance Reform. Philadelphia: University of Pennsylvania Press.

Wachter, Susan M., ed. 2016. Public Pensions and City Solvency. Philadelphia: University of Pennsylvania Press.

Acolin, Arthur, Laurie S. Goodman, and Susan Wachter. 2016. “A Renter or Homeowner Nation?” Cityscape 18(2): 145-158.

Acolin, Arthur, Jesse Bricker, Paul S. Calem, and Susan Wachter. 2016. “Borrowing Constraints and Homeownership.” American Economic Review: Papers and Proceedings 106(5): 625-629.

x

Albert Sussman Professor of Real Estate, Professor of Finance

Co-Director, Penn Institute for Urban Research

About

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

Acolin, Arthur, Xudong An, Raphael Bostic, and Susan M. Wachter. 2017. “Homeownership and Nontraditional and Subprime Mortgages.” Housing Policy Debate 27(3): 393-418.

Wachter, Susan M., Arthur Acolin, and Scott Bernstein. 2017. “Opportunity, Housing Access, and Infrastructure.” Housing Policy Debate 27(3): 468-471.

Wachter, Susan M. and Patricia Mccoy. 2017. “Representations and Warranties: Why They Did Not Stop the Crisis.” In Evidence and Innovation in Housing Law and Policy, edited by Lee Fennell and Benjamin Keys. Cambridge, U.K.: Cambridge University Press.

Wachter, Susan M. and Joseph Tracy, eds. 2016. Principles of Housing Finance Reform. Philadelphia: University of Pennsylvania Press.

Wachter, Susan M., ed. 2016. Public Pensions and City Solvency. Philadelphia: University of Pennsylvania Press.

Acolin, Arthur, Laurie S. Goodman, and Susan Wachter. 2016. “A Renter or Homeowner Nation?” Cityscape 18(2): 145-158.

Acolin, Arthur, Jesse Bricker, Paul S. Calem, and Susan Wachter. 2016. “Borrowing Constraints and Homeownership.” American Economic Review: Papers and Proceedings 106(5): 625-629.

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