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Microeconomic perspectives on the structure and operation of local housing markets

By: Language: English Series: Housing Studies ; 23(2) March 2008, 163-177(14)Publication details: 2008ISSN:
  • 0627-3037
Subject(s): Summary: Presents a review of economic analysis of local housing markets. Finds a wealth of literature which addresses market processes, and the effect that policies have upon these dynamics. Identifies a surprisingly broad diversity in the methodological approach to such studies. Argues that improvements in statistical analysis have focused attention on neighbourhood segmentation, local market analysis and the market's interplay with local spatial processes.

Presents a review of economic analysis of local housing markets. Finds a wealth of literature which addresses market processes, and the effect that policies have upon these dynamics. Identifies a surprisingly broad diversity in the methodological approach to such studies. Argues that improvements in statistical analysis have focused attention on neighbourhood segmentation, local market analysis and the market's interplay with local spatial processes.