An important question from the point of view of neighbourhood dynamics is the extent to which households are satisfied with where they live and their mobility patterns. Many of these factors can be assessed by looking at evidence on moving expectations in relation to household, dwelling and...

In this study, we propose a method based on large deviation theory (LDT), which minimises credit risk (expected loss). We demonstrate how mortgage loan portfolios can be optimised using geographical differences in the risk characteristics of mortgage loans in the UK. Our empirical results show...

This paper investigates the boundary of activities undertaken by Korean housebuilding firms. First, it examines the contractual relationships between housebuilding firms and contractors, focusing on the existence of quasi-firm type organization in the Korean housebuilding industry. Second, it...

type="main" <p>We investigate the dynamics of appraisal smoothing in the National Council of Real Estate Investment Fiduciaries (NCREIF) index return using time-varying asset pricing models. We find that smoothing is on average close to zero but varies substantially over time. From the inception of...</p>

This paper looks at the issue of access to home ownership for younger people in OECD countries, from the point of view of changes in mortgage market regulation and control. It sets out the factors determining the demand for and supply of mortgages, particularly for first time buyers and it...

Housing policy has traditionally been highly specific, concentrating on providing decent affordable homes. Now, however, housing is being seen more as a major factor in locating wider problems of deprivation and social exclu sion, as well as an important part in solutions, not only by increasing...