Performing (Housing) Markets

This paper offers an interpretation of how housing markets work which complements more traditional economic approaches. Building on a wider movement within cultural economy and economic sociology, it considers how (housing) markets are variously performed in the power-filled negotiations of buyers,...

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Bibliographic Details
Published in:Urban studies (Edinburgh, Scotland) Scotland), 2006-01, Vol.43 (1), p.81-98
Main Authors: Smith, Susan J., Munro, Moira, Christie, Hazel
Format: Article
Language:English
Subjects:
Cultural economics
Cultural studies
Culture
Economic models
Economic sociology
Housing
Housing market
Human geography
Market economies
Market prices
Political economy
Property
Qualitative analysis
Real estate sales
Supply and demand
Urban sociology
Urban studies
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Summary:This paper offers an interpretation of how housing markets work which complements more traditional economic approaches. Building on a wider movement within cultural economy and economic sociology, it considers how (housing) markets are variously performed in the power-filled negotiations of buyers, sellers and market professionals. This is part of a larger undertaking, but here the focus is particularly on the role of legal, financial and information intermediaries in shaping local cultures of property exchange. This is a social rather than economic analysis of housing markets; it is a qualitative rather than a quantitative study. It is designed to shed light on how markets are made, though it might, in the end, change the way they are modelled.
ISSN:0042-0980
1360-063X
DOI:10.1080/00420980500409276