Economic Analysis of an Urban Housing Market

1980 ◽  
Vol 47 (2) ◽  
pp. 560
Author(s):  
Stephen Nord ◽  
John F. McDonald
Keyword(s):  
Economic Analysis ◽  
Housing Market ◽  
Urban Housing

scholarly journals The role and significance of planning in the determination of house prices in Australia: Recent policy debates

2021 ◽  
pp. 0308518X2198894
Author(s):  
Peter Phibbs ◽  
Nicole Gurran
Keyword(s):  
Land Use ◽  
Housing Market ◽  
Land Use Planning ◽  
House Prices ◽  
Housing Prices ◽  
House Price ◽  
Evidence Base ◽  
Urban Housing ◽  
Price Inflation ◽  
Depth Analysis

On the world stage, Australian cities have been punching above their weight in global indexes of housing prices, sparking heated debates about the causes of and remedies for, sustained house price inflation. This paper examines the evidence base underpinning such debates, and the policy claims made by key commentators and stakeholders. With reference to the wider context of Australia’s housing market over a 20 year period, as well as an in depth analysis of a research paper by Australia’s central Reserve Bank, we show how economic theories commonly position land use planning as a primary driver of new supply constraints but overlook other explanations for housing market behavior. In doing so, we offer an alternative understanding of urban housing markets and land use planning interventions as a basis for more effective policy intervention in Australian and other world cities.

Social Accounts and Planning for Changes in Urban Housing Markets

1978 ◽  
Vol 10 (3) ◽  
pp. 247-266 ◽  
Author(s):  
J W Byler ◽  
S Gale
Keyword(s):  
Housing Market ◽  
Stochastic Models ◽  
Housing Markets ◽  
Urban Housing ◽  
Dwelling Unit ◽  
Urban Populations ◽  
Social Accounts ◽  
Dynamic Matching ◽  
Matching Process ◽  
Occupancy Patterns

A conception of the housing market as a lagged, dynamic matching process is presented as an alternative to the conventional microeconomic formulation. Various components of changes in occupancy patterns are identified, in a general multidimensional accounting framework, as a means for the structuring of observations of household and dwelling-unit characteristics of urban populations. Parameters for several stochastic models of housing-market phenomena are derived from the account-based representation. Finally, potential planning applications of these accounting frameworks are explored together with conditions for their adoption.

An Empirical Test of a Theory of the Urban Housing Market

Urban Studies ◽  
1979 ◽  
Vol 16 (3) ◽  
pp. 291-297 ◽  
Author(s):  
John F. McDonald
Keyword(s):  
Housing Market ◽  
Empirical Test ◽  
Urban Housing

scholarly journals The value of environmental (dis)amenities in the urban housing market: Evidence from Khulna, Bangladesh

2020 ◽  
Vol 9 (2) ◽  
pp. 180-190 ◽  
Author(s):  
Md. Sariful Islam ◽  
Ruqaiya Hossain ◽  
Md. Manjur Morshed ◽  
Sonia Afrin
Keyword(s):  
Housing Market ◽  
Urban Housing

scholarly journals ‘Rigid demand’: Economic imagination and practice in China’s urban housing market

Urban Studies ◽  
2018 ◽  
Vol 55 (7) ◽  
pp. 1579-1594 ◽  
Author(s):  
Mengqi Wang
Keyword(s):  
Housing Market ◽  
Social Services ◽  
Urban Housing ◽  
Real Estate Market ◽  
Social Representation ◽  
Chinese Market ◽  
The Real Estate ◽  
Strong State ◽  
Economic Practice ◽  
The Government

China’s socialist market economy is predominated by strong state-owned sectors. In the real estate market, the government further controls land and regulates social services based on property ownership. But how do ordinary market actors perceive this configuration and strategise their economic practice accordingly? Based on 20 months of ethnographic fieldwork, this article explores buyers’ and estate agents’ imagination of and practice in the housing market with a focus on the folk concept of rigid demand. Rigid demand (gangxu) refers to the belief that people have to buy a home regardless of price. Presenting how people invoke a range of referents and contexts when talking about rigid demand, I show that common Chinese market actors understand and approach the housing market not as an end in itself but as a mechanism devised and maneuvered by big market players such as the government and developers. Furthermore, actors believe that the market has a social purpose and is susceptible to agentive interventions. Ultimately, I argue that the social representation of the socialist housing market constructs and contests the legitimacy of certain economic practices and influences market performance accordingly.

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