Housing and the Economy

Description from DukeHub

Housing contributes over 16% to U.S. GDP and is the largest asset on the household sector's balance sheet, while the mortgage market constitutes the second largest U.S. credit market, just behind Treasuries and well ahead of corporate debt. In this course, we will study the economic forces driving housing and mortgage markets and its interactions with the wider macro economy. Topics include the drivers of house price dynamics, urbanization, gentrification and housing affordability, an introduction to real estate finance, mortgage design and default, the primary and secondary mortgage market and mortgage securitization, and the causes and consequences of housing driven recessions. Prerequisite: Economics 608D or 703D or instructor permission

Skills

• financedescription: "real estate" and 1 more

AI-resilient: 0 of 5 0/5

• No: Physical, lab or field work
• No: Live work with people
• No: Judgment someone is accountable for
• No: A craft you practice with your hands or body
• No: Small, in-person format

The checks lean on Microsoft Research, Working with AI (2025), which found generative AI applies least to physical work and hands-on work with people. A signal, not a promise. How the score works

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