This report offers an integrated assessment of the shift within non-bank financial intermediation in real estate finance from structured products to leveraged institutions and collective investment vehicles. The paper reviews the key trends in real estate finance since the global financial...

The purpose of this chapter is to survey recent research on housing markets and policy in what used to be called the “second” and “third” worlds. We adopt the labels “transition” economies to refer to countries as disparate as Russia and Vietnam, and “developing” to refer to...