Joshua D. Gottlieb of University of British Columbia and NBER reviews “Housing Markets and the Economy: Risk, Regulation, and Policy: Essays in Honor of Karl E. Case”, edited by Edward L. Glaeser and John M. Quigley. The Econlit abstract of this book begins: “Ten papers, plus commentary, collected in honor of Karl Case, examine topics in housing markets and the economy. Papers discuss Case, housing, and the economy; derivatives markets for home prices; home equity insurance—a pilot project; spatial variation in the risk of home owning; arbitrage in housing markets; subprime mortgages—what, where, and to whom?; government-sponsored enterprises, the Community Reinvestment Act, and home ownership in targeted undeserved neighborhoods; siting, spillovers, and segregation—a reexamination of the low-income housing tax credit program; measuring land use regulations and their effects in the housing market; whether real estate agents compete on price— evidence from seven metropolitan areas; and the role of job creation and job destruction dynamics. Glaeser is Fred and Eleanor Glimp Professor of Economics at Harvard University. Quigley is I. Donald Terner Distinguished Professor at the University of California at Berkeley.”