Performing (Housing) Markets

By Susan J. Smith, M. Munro, H. Christie. 2006

160 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/37d9dabc18bc1d9376369f9b9cb27ed7ead4ef51

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Kean Birch
2. D. Adams
3. D. Levy
4. L. Murphy
5. Simon Springer
6. Christina Lee
7. A. Amin
8. Nigel Thrift

In Finance

1. Kean Birch
2. A. Amin
3. D. Levy
4. L. Murphy
5. Simon Springer
6. Christina Lee
7. Nigel Thrift
8. J. MacLeavy

Citations in the corpus

• Planners as Market Actors: Rethinking State–Market Relations in Land and Property (2010, background): “Smith et al. (2006), who provide a fascinating insight into the role professional intermediaries played in scripting the performance of the Edinburgh housing market in the late 1990s, draw specific attention to the potentially destabilising impact of such people.”
• The Handbook of Neoliberalism (2016, background): “2006: 81), Smith and others (Smith 2005; Smith et al. 2006) point out that the constructed nature of (housing) markets makes them fertile ground for questioning their ‘economic essence’ and reimagining and remaking them through an ‘ethic of care’.”
• Cultural-economy and cities (2007, background): “These range from the copy-thy-neighbour practices of estate agents and solicitors in housing markets (Smith et al., 2006), through to the ethics of urban trade defined by ethnicity and faith (eg, see Stoller, 2002, and Maurer, 2005, on Islamic trading practices), the sheer volume of market…”
• Influences and Emotions: Exploring Family Decision-making Processes when Buying a House (2008, methodology): “Email: d.levy@auckland.ac.nz rational, readily comprehendible and ultimately self-regulating” (Smith et al., 2006, p. 85), the process of buying a property involves more than an economic transaction and includes complex social processes.”