Association of Senior and Emeritus Faculty

A PASEF sponsored luncheon will be held at 11:45 A.M. on Thursday, April 23, 2009.
Location: Hourglass Room in University Club, 3611 Walnut Street, Second Floor.
Luncheon Lite (Soup and sandwich or soup and salad)..................$7.50
Full Lunch...................................................................................$10.25

Dr. Susan Wachter will present the topic:

Reviving the Economy

Susan Wachter is the Richard B. Worley Professor of Financial Management and Professor of Real Estate and Finance at The Wharton School. She served as Assistant Secretary of the U.S. Department of Housing and Urban Development, a President appointed and Senate confirmed position, and headed its office of Policy Development and Research, from 1998 to 2001. As Assistant Secretary, Wachter was principal advisor to the Secretary on national housing and urban policy. The author of over 200 publications on housing and real estate, Dr. Wachter was Chairperson of the Wharton Real Estate Department from 1996 to 1998. Wachter also holds an appointment as Professor of City and Regional Planning at the Graduate School of Design.

Her research interests include real estate economics, housing finance, and urban economics. Her extensive research has been published in journals such as the Journal of Real Estate Finance and Economics and Real Estate Economics. Formerly coeditor of Real Estate Economics, Wachter serves on multiple editorial boards including the Journal of Real Estate Finance and Economics, Journal of Housing Economics and Housing Policy Debate.

Dr. Wachter pioneered work on home ownership affordability, including the first-time identification of the impact of borrowing constraints on home ownership. Her accomplishments have been recognized by her appointment as an Academic Fellow of the Urban Land Institute, and a Visiting Fellow of the Brookings Institution. Dr. Wachter was the first woman to head the American Real Estate Urban Economics Association and received the Association's Lifetime Achievement Award in 2005.

She has recently spoken on the state of the economy and its potential recovery, real estate foreclosures, and other aspects of the current economic meltdown on the NewsHour with Jim Lehrer, Lou Dobbs Tonight, Bloomberg Radio and CSPAN as well as being quoted in US News & World Report, The Wall Street Journal and other newspapers.

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