Search Results (109)

Recent policy reports and state briefs continue to highlight the trend of out-migration from California. This outflow has been pronounced over the last three years, revealing a substantial net loss (i.e., net migration) of approximately 740,000 residents. However, there has been comparatively less emphasis on new residents moving to California. Over the past decade, California has attracted substantial in-migration from both domestic and international sources with annual inflows often exceeding 300,000 individuals. As such, studying in-migration is noteworthy as it shapes economic, political, and social landscapes. In-migration can alter the demographic profiles of regions, thereby impacting community dynamics, cultural diversity, and the provision of social services. Using pooled data from the American Community Survey (ACS) from 2021 to 2023 and employing a two-way fixed effects regression framework, I study how temporal changes in racial and ethnic composition, age structure, educational attainment, and economic indicators influence in-migration rates per 1000 residents at the public use microdata level (PUMA). The analysis reveals that higher proportions of Asian and Hispanic populations, as well as an increased share of college-educated residents, are positively associated with in-migration. Notably, higher supplemental poverty rates are also associated with greater in-migration, a counterintuitive finding that may reflect mobility toward affordable housing markets. These findings emphasize the importance of recognizing demographic and intra-regional variability, which can aid policymakers and planners in assessing and delivering public services. Full article

This study examines the suitability of multifamily housing for young families in Riyadh in the context of rapid urban growth and rising housing demand. Although apartments are increasingly promoted as efficient and sustainable housing options, limited evidence exists on whether they align with the cultural expectations, affordability constraints, and spatial needs of young Saudi households. A questionnaire of 639 respondents was conducted between January and March 2024, and the data were analysed using a combination of non-parametric and regression-based statistical techniques. Findings show that affordability is the primary barrier to ownership, with married and larger households experiencing the greatest financial pressure. Construction quality, security, room number, and location were the most valued apartment attributes, while stylistic features were less influential. Preferences for full-service gated complexes reflect the importance of privacy, safety, and structured community environments. The data analysis indicates that family size and perceived price-income suitability shape ownership intentions, although the overall model fit suggests additional institutional and market constraints. The study concludes that improving multifamily housing for young families requires integrated policy responses linking affordability measures, governance and building management reforms, and culturally responsive design standards to support the aims of sustainable urban development. Full article

An effective housing policy must ensure affordability for individuals across all income levels by integrating advanced technological innovations with comprehensive socioeconomic strategies. Affordable housing fosters social inclusion, whereas sustainability supports long-term environmental protection and economic stability. The success and long-term sustainability of affordable housing initiatives are heavily influenced by current socioeconomic conditions, emphasizing the need for context-specific, inclusive, and sustainable housing solutions. Benchmarks are crucial in affordable housing to determine if it is climate-positive, aligning with the goals of the United Nations’ Sustainable Development Goal 11.1, which seeks to provide affordable and sustainable housing for everyone by 2030. This study uses the Scopus database to perform a scientometric analysis of 595 publications (2015–2024) on sustainability and affordability in housing. Using R-Studio 2025.05.1 + 513.pro3 and VOSviewer 1.6.20, it examines bibliographic trends, research gaps, and collaboration patterns across countries and journals. This study highlights performance thresholds related to economic, environmental, energy, territorial, and climatic factors. However, cost and ecological objectives can cause conflict with each other practically, and hence a balanced approach including green practices, efficient materials, and subsidies is crucial. There is a need for policymakers to address market gaps to prevent socially exclusive or environmentally harmful outcomes, maintain long-term urban resilience, and ensure sustained urban resilience and equitable access to affordable, sustainable housing by 2030. Integrating sustainable materials, circular and climate-resilient design, smart technologies, inclusive governance, and evidence-based policies is crucial for advancing affordable, equitable, and resilient housing. This approach guides future research and policy toward long-term social, economic, and environmental benefits. The findings and recommendations promote sustainable, affordable housing, emphasizing the need for further research on climate-resilient, energy-efficient, and cost-effective building solutions. Full article

This study investigates how housing prices influence urban–rural income inequality (URG) in mainland China by explicitly incorporating spatial interdependence and nonlinear adjustment mechanisms, features often neglected in previous research. Using a balanced panel of 31 provinces from 2005 to 2023, we develop a dynamic spatial panel threshold model that jointly accounts for temporal persistence, spatial spillovers, and regime-dependent estimation. This framework enables a full decomposition of housing price effects into direct, indirect (spillover), and total impacts across distinct market regimes. The results reveal three major insights. First, URG in mainland China displays strong temporal persistence, suggesting that income disparities evolve gradually over time. Second, rising housing prices significantly widen the urban–rural income gap, both within provinces and through interprovincial transmission, underscoring the amplifying role of spatial spillovers. Third, threshold estimation identifies a critical housing price level of ln(HP) = 8.4843 (approximately 4838.21 RMB/m²), revealing that the inequality-enhancing effect of housing prices is stronger in low-price regions but diminishes as markets mature and affordability constraints intensify. These findings provide new empirical evidence that the housing market functions as a nonlinear and asymmetric driver of regional inequality in mainland China, with implications for housing policy and inclusive growth. Full article

In advanced economies characterized by sustained immigration, rising inequality, and chronically underdeveloped social housing sectors, demand-side welfare interventions risk being capitalized into higher rents rather than improving housing affordability. This study investigates how Spain’s welfare state transformation—particularly the rollout of IPREM-indexed policies such as the Minimum Living Income (IMV) and the Youth Rental Voucher—interacted with migration flows and tourism-driven housing competition to reshape private rental markets between 2008 and 2025. Using harmonized national data from OPI, Idealista, INE, and the Bank of Spain (2010–2024), we apply a descriptive time-series approach that combines structural break tests (Chow and Bai–Perron), pre/post-2021 correlation comparisons, regional heterogeneity analysis, and robustness checks (including Spearman correlations and jackknife sensitivity analyses). We identify a pronounced structural break in 2021: while consular visa issuances—a proxy for combined migration and tourism inflows—showed no significant association with advertised rental prices before 2021 (r ≈ 0.27, p = 0.41), a remarkably strong co-movement emerged thereafter (r ≈ 0.90–0.92). This shift aligns precisely with the nationwide implementation of IMV, institutionalization of the Youth Voucher, and disbursement of EU Recovery and Resilience Facility funds. The effect is most acute in regions with rigid housing supply and high exposure to tourist-use dwellings (VUT)—notably the Balearic Islands, Murcia, Cantabria, and Navarre—suggesting that increased effective demand may have been absorbed primarily through price increases rather than expanded access. While our observational design precludes causal inference and the findings should be interpreted as exploratory and hypothesis-generating, the convergence of timing, magnitude, and institutional context renders a policy-mediated demand channel plausible. The results caution that, without complementary supply-side measures—such as social housing investment, rehabilitation incentives, or VUT regulation—demand-side subsidies may inadvertently reinforce housing inequality and reduce fiscal efficiency, thereby undermining the sustainability goals they aim to advance. Full article

Exclusive residential developments have drawn growing attention in South African cities, where urbanisation and socioeconomic disparities continue to reshape the built environment. This study examines the underlying drivers of their proliferation and presents a taxonomy of the key forces influencing their growth. The aim is to present results of a study that sought to examine the driving forces behind the growth of exclusive residential developments. Drawing from a literature review and a quantitative inquiry approach, primary data was also collected from 109 built environment professionals. Descriptive and inferential statistical methods, particularly exploratory factor analysis (EFA), were employed to enhance the analysis. The descriptive assessment, utilising the mean score (MS) ranking technique, revealed that one of the primary factors influencing the development of exclusive residential communities was the perception among prospective residents that these environments offer enhanced safety and security. Additionally, there is a good chance that these developments may increase in value. Furthermore, the EFA revealed that the underlying grouped factors for exclusive development were ‘free market capitalism’; ‘safety and security’; ‘local demand’; ‘public–private partnership (PPP)’; ‘affordability’; and ‘profit seeking’. These findings suggest that if housing costs rise, the average citizen may not be able to afford them due to the emphasis on maximising profits over affordability. Safety and security precautions can create a sense of exclusivity and seclusion in these communities, possibly cutting them off from the larger local community and affecting local demand for goods and services outside the community’s borders. Full article

Affordable housing development is an important livelihood project for promoting the harmonious development of the urban economy and society. However, the unclear spatial–temporal characteristics of the affordable housing market and urban development are not conducive to the promotion of regional urban sustainable development. Hence, it is of great significance to research the interaction characteristics between the affordable housing market and urban development to promote sustainable development. This study constructed an evaluation index system, coupling coordination model, and spatial econometric model of the affordable housing market and urban development to analyze the development level and spatial-temporal characteristics of coupling coordination between the two systems in 70 large- and medium-sized cities in China from 2010 to 2020. The results show the following: (1) From 2010 to 2020, the development levels of the affordable housing market and urban development rose with obvious regional differences. The development of the affordable housing market and urban development had the characteristics of spatial similarity and common development trends in the horizontal distribution and kernel density aggregation distribution. (2) The coupling coordinated development level of the affordable housing market and urban development in 70 large- and medium-sized cities in China from 2010 to 2020 was generally low, showing an increasing trend year by year, with significant regional differences. The coupling coordination level of the two systems in the eastern region was much higher than those in the central, western and northeastern regions. The spatial distribution characteristics showed a spreading trend from a high level in the east to a low level in the west. The coupling coordination development levels of the two systems had obvious positive spatial correlation characteristics. There were obvious differences in the coupling coordination development level of the two systems between the cities, which need to be comprehensively improved through interactions between the cities. Full article

This study integrates the price-to-income ratio (PIR) with Pareto distribution characteristics to provide a novel approach for evaluating home affordability across U.S. counties. The methodology offers a new lens for the analysis of home affordability by capturing both the extreme values and central tendencies of PIR. The study normalizes the resulting Pareto parameters to a common scale and integrates data from the Zillow Home Value Index and the U.S. Department of Commerce’s SAIPE program to create a single affordability index. The findings point to significant regional differences: coastal and urban regions, such as California and New York, face significant affordability challenges, whereas the Midwest, especially Kansas, has higher affordability. The results highlight the significance of targeted policy interventions and are consistent with the body of research on systemic risk and housing market dynamics. This study also opens new avenues for future research, including the impact of economic factors on affordability and cross-regional comparative studies. The suggested approach encourages more equitable access to housing by providing policymakers with a useful tool to track and manage challenges related to housing affordability. Full article

Soaring housing prices worldwide are compromising housing affordability, potentially leading to significant economic, social, and health repercussions. Understanding the price discovery process within the real estate market is therefore crucial for policymakers. While the relationship between land and housing prices in urban residential markets has been widely examined in the literature, the results are often context-specific, leaving the question of whether the land market leads the housing market or vice versa open to debate. Saudi Arabia, with its rapidly growing real estate market, evolving demographics and urbanization trends, and transformative regulatory reforms, presents a compelling context for revisiting the land–housing nexus. This study examines the long-term relationship between land and housing markets and investigates the short-term price dynamics with the ultimate goal of understanding the price formation in the housing market. The study dataset comprises quarterly time-series price indices published by the General Authority for Statistics (GASTAT) in Saudi, representing the nation-wide price movements of residential lands and villas from 2014Q1 to 2025Q1. The study employs the Johansen cointegration method and the Granger causality testing. The results of cointegration analysis confirm a significant long-run equilibrium relationship between the two markets, while the error correction model reveals that both land and housing prices adjust to restore this equilibrium. Granger causality test results show a unidirectional relationship, where land prices predict future housing prices, consistent with the neoclassical rent theory. These findings reinforce the long-term, intrinsic link between land and housing markets observed in prior studies. The dynamics in the Saudi market are likely shaped by rapid urbanization that intensified speculation in the land market, and also the prevalence of self-building enabled by government-supported financing. This study underscores the importance of striking a delicate balance between supply and demand side policies in the real estate market while monitoring the impact of these policies on housing affordability. Full article

Community Land Trusts (CLTs) have emerged as alternative housing models mainly taken up by civil society organizations aiming to de-commodify land and ensure long-term affordable housing, while fostering participatory democratic governance and (re)claiming the right to homeownership. Drawing on empirical evidence from the CLT in Leuven (Belgium) and research conducted between November 2022 and February 2025, this study examines state-led CLTs and their potential in providing affordable housing and democratizing housing systems. The leading role of local authorities serves as a catalyst facilitating access to land and resources while setting up democratic and collaborative governance processes towards the creation of housing commons. However, their involvement introduces market mechanisms that undermine long-term affordability. This research mobilizes the literature on commons and commoning, housing affordability debates and governance theories to explore the paradox of state-led CLTs: Can they democratize housing governance, or does state involvement inevitably reinforce the market mechanisms they seek to counteract? The paper argues that states can initiate commons without fully co-opting them, provided governance is polycentric and reflexive. The contribution of state-led housing commons lies not in radical rupture but in incremental decommodification and emergent commoning, showing how commons can evolve within capitalist states. Full article

This study examines the impact of personal remittances on housing prices in European Union (EU) countries, while also accounting for a broader set of macroeconomic, demographic, and structural variables. Using annual data for 27 EU countries from 2007 to 2022, we employ a comprehensive panel econometric approach, including cross-sectional dependence tests, second-generation unit root tests, pooled mean group–autoregressive distributed lag (PMG-ARDL) estimation, and panel causality tests, to capture both short- and long-term dynamics. Our findings confirm that remittances significantly and positively influence long-term housing price levels, underscoring their relevance as a demand-side driver. Other key variables such as net migration, GDP, travel credit to GDP, economic freedom, and real effective exchange rates also contribute to housing price movements, while supply-side indicators, including production in construction and building permits, exert moderating effects. Moreover, real interest rates are shown to have a significant long-term negative effect on property prices. The analysis reveals key causal links from remittances, FDI, and net migration to housing prices, highlighting their structural and predictive roles. Bidirectional causality between economic freedom, housing output, and prices indicates reinforcing feedback effects. These findings position remittances as both a development tool and a key indicator of real estate dynamics. The study highlights complex interactions between international financial flows, demographic pressures, and domestic economic conditions and the need for policymakers to consider remittances and migrant investments in real estate strategies. These findings offer important implications for policymakers seeking to balance housing affordability, investment, and economic resilience in the EU context and key insights into the complexity of economic factors and real estate prices. Importantly, the analysis identifies several causal relationships, notably from remittances, FDI, and net migration toward housing prices, underscoring their predictive and structural importance. Bidirectional causality between economic freedom and house prices, as well as between housing output and pricing, reflects feedback mechanisms that further reinforce market dynamics. These results position remittances not only as a developmental instrument but also as a key signal for real estate market performance in recipient economies. Full article

This study investigates the evaluation of housing policies for migrants in China, focusing on the interplay between rental and purchase decisions under the rent-and-purchase policy (RPP) framework. Employing a system dynamics model, we simulate migrant housing choices from 2001 to 2023 and forecast market trends from 2024 to 2030. The results indicate that RPPs significantly improve housing quality and reduce costs for migrants by mitigating institutional disparities and market distortions. Scenario analyses demonstrate that a coordinated approach combining supply-side interventions (e.g., affordable housing expansion) with rights-based policies (e.g., equalizing renter and buyer rights) effectively balances affordability and demand stability. The findings emphasize the critical role of addressing rights inequalities and advocate for a holistic policy framework to tackle migrant housing challenges, offering actionable insights for policymakers in system science and urban planning. Full article

This study examines the demographic and macroeconomic factors influencing housing prices in London from Q3 2014 to Q4 2022, focusing on the pre- and post-Brexit referendum periods. Using multiple regression analysis, the research evaluates the impact of interest rates, inflation, construction costs, population changes, and net migration on the housing price index (HPI) across various market segments. The findings suggest that interest rate base rates, consumer price inflation, and construction output price indices were significant predictors of housing price fluctuations. Notably, cash purchases exhibited the strongest explanatory power due to a reduced sensitivity to market changes. Additionally, London’s population was a key determinant, particularly affecting first-time buyers and mortgage-backed purchases. These results contribute to a deeper understanding of the London housing market and offer insights into policy measures addressing housing affordability and investment dynamics. Full article

In the context of increasing digitization, integrating ICT technologies, artificial intelligence, and remote working is altering residential mobility patterns and housing preferences. This study examines the housing market’s impact, focusing on how residential affordability affects residential choices, using a case study of the Metropolitan City of Florence. The analysis employs a methodology centered on the Debt-to-Income Ratio (DTI), which cross-references real estate market values (source: Agenzia delle Entrate and leading real estate portals) with household income brackets to identify affordable areas. The results reveal a clear divide: households with incomes below EUR 26,000 per year (representing about 69% of the population) are excluded from the central urban property market. This evidence confirms regional and national trends, emphasizing a growing mismatch between housing costs and disposable incomes. The study concludes that affordability is a technical–financial parameter and a valuable tool for supporting inclusive urban planning. Its application facilitates the orientation of effective public policies and the identification of socially sustainable housing solutions. Full article

The real estate market significantly influences individual lives, corporate decisions, and national economic sustainability. Therefore, constructing a data-driven, interpretable real estate market prediction model is essential. It can clarify each factor’s role in housing prices and transactions, offering a scientific basis for market regulation and enterprise investment decisions. This study comprehensively measures the evolution trends of the real estate markets in Beijing, Shanghai, Guangzhou, and Shenzhen, China, from 2003 to 2022 through three dimensions. Then, various machine learning methods and interpretability methods like SHAP values are used to explore the impact of supply, demand, policies, and expectations on the real estate market of China’s first-tier cities. The results reveal the following: (1) In terms of commercial housing sales area, adequate housing supply, robust medical services, and high population density boost the sales area, while demand for small units reflects buyers’ balance between affordability and education. (2) In terms of commercial housing average sales price, growth is driven by education investment, population density, and income, with loan interest rates serving as a stabilizing tool. (3) In terms of commercial housing sales amount, educational expenditure, general public budget expenditure, and real estate development investment amount drive revenue, while the five-year loan benchmark interest rate is the primary inhibitory factor. These findings highlight the divergent impacts of supply, demand, policy, and expectation factors across different market dimensions, offering critical insights for enterprise investment strategies. Full article