Competing Notions of Search for Home: Behavioural Economics and Housing Markets

Dunning, Richard

doi:10.1080/14036096.2016.1190784

Cited by 13 publications

(3 citation statements)

References 43 publications

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“…The reason why this article takes a general approach rather than zooming into the planning-related fields is because there are many behavioral theories used in other disciplines that are not being applied yet in the field of planning but have the potential to be. At present, only a few popular behavioral theories are being applied in planning such as the theory of planned behavior in transport (e.g., Castanier, Deroche, and Woodman 2013;Silva and Wu 2014) and prospect theory in housing and real estate (e.g., Dunning 2017). It is important for planners to broaden their horizon and be aware of the full list of behavioral theories available across disciplines.…”

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confidence: 99%

Mapping the Landscape of Behavioral Theories: Systematic Literature Review

Kwon

Silva

2019

Journal of Planning Literature

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The term "behavioral" has become a hot topic in recent years in various disciplines; however, there is yet limited understanding of what theories can be considered behavioral theories and what fields of research they can be applied to. Through a crossdisciplinary literature review, this article identifies sixty-two behavioral theories from 963 search results, mapping them in a diagram of four groups (factors, strategies, learning and conditioning, and modeling), and points to five discussion points: understanding of terms, classification, guidance on the use of appropriate theories, inclusion in data-driven research and agentbased modeling, and dialogue between theory-driven and data-driven approaches.

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confidence: 99%

Mapping the Landscape of Behavioral Theories: Systematic Literature Review

Kwon

Silva

2019

Journal of Planning Literature

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“…In this respect, action is a process in which means and ends are constituted and revised through an actor's interpretation as the situation unfolds. This contrasts with the given definition of aspirations assumed by existing understandings of property development and housing choice (Davidson & Leather, 2000;Dunning, 2017;Healey & Barrett, 1990) Strategies and aspirations shift as the building process unfolds.…”

Section: Discussionmentioning

confidence: 84%

The value of self-build: understanding the aspirations and strategies of owner-builders in the Homeruskwartier, Almere

Bossuyt

2020

Housing Studies

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This paper investigates the aspirations and strategies of self-builders of owner-occupied homes in a facilitated self-build scheme. It draws on a qualitative case-study of the Homeruskwartier in Almere, the Netherlands, one the largest assisted self-build schemes in presentday Europe, which caters to lower-and middle-income households. The study problematizes the notion that self-building necessarily leads to the pursuit of use values over exchange values. This questions the positive benefits attributed to self-building. The aspirations of self-builders are not only framed by social and material conditions, but are also being reframed in the action process. The paper stresses the contingent nature of aspirations and strategies and emphasizes the experimental nature of the self-building process.

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“…In addition to the socioeconomic factors, sociological explanations of other behavioural aspects to location decision-making can also explain certain housing markets dynamics and observed spatial segregation. The behavioural approach, the social and emotional perspective, have undeniable importance in decision-making in housing markets and influencing housing market dynamics (Schelling, 1971;Dunning, 2017;Salzman and Zwinkels, 2013). Schelling (1971) suggests that segregation can result from individual discriminatory behaviour that influences residential location decisions.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Do segregated housing markets have a spillover effect on housing prices in nearby residential areas?

Ismail

Warsame

Wilhelmsson

2021

JERER

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Purpose The purpose of this study is to analyse the trends regarding housing segregation over the past 10–20 years and determine whether housing segregation has a spillover effect on neighbouring housing areas. Namely, the authors set out to determine whether proximity to a specific type of segregated housing market has a negative impact on nearby housing markets while proximity to another type of segregated market has a positive impact. Design/methodology/approach For the purposes of this paper, the authors must combine information on segregation within a city with information on property values in the city. The authors have, therefore, used data on the income of the population and data on housing values taken from housing transactions. The case study used is the city of Stockholm, the capital of Sweden. The empirical analysis will be the estimation of the traditional hedonic pricing model. It will be estimated for the condominium market. Findings The results indicate that segregation, when measured as income sorting, has increased over time in some of the housing markets. Its effects on housing values in neighbouring housing areas are significant and statistically significant. Research limitations/implications A better understanding of the different potential spillover effects on housing prices in relation to the spatial distribution of various income groups would be beneficial in determining appropriate property assessment levels. In other words, awareness of this spillover effect could improve existing property assessment methods and provide local governments with extra information to make an informed decision on policies and services needed in different neighbourhoods. Practical implications On housing prices emanating from proximity to segregated areas with high income differs from segregated areas with low income, policies that address socio-economic costs and benefits, as well as property assessment levels, should reflect this pronounced difference. On the property level, positive spillover on housing prices near high-income segregated areas will cause an increase in the number of higher income groups and exacerbate segregation based on income. Contrarily, negative spillover on housing prices near low-income areas might discourage high-income households from moving to a location near low-income segregated areas. Local government should be aware of these spillover effects on housing prices to ensure that policies intended to reduce socioeconomic segregation, such as residential and income segregation, produce desirable results. Social implications Furthermore, a good estimation of these spillover effects on housing prices would allow local governments to carry out a cost–benefit analysis for policies intended to combat segregation and invest in deprived communities. Originality/value The main contribution of this paper is to go beyond the traditional studies of segregation that mainly emphasise residential segregation based on income levels, i.e. low-income or high-income households. The authors have analysed the spillover effect of proximity to hot spots (high income) and cold spots (low income) on the housing values of nearby condominiums or single-family homes within segregated areas in Stockholm Municipality in 2013.

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Competing Notions of Search for Home: Behavioural Economics and Housing Markets

Cited by 13 publications

References 43 publications

Mapping the Landscape of Behavioral Theories: Systematic Literature Review

Mapping the Landscape of Behavioral Theories: Systematic Literature Review

The value of self-build: understanding the aspirations and strategies of owner-builders in the Homeruskwartier, Almere

Do segregated housing markets have a spillover effect on housing prices in nearby residential areas?

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