Proponents of the spatial mismatch hypothesis argue that job decentralisation harms low-income residents of central cities because of barriers that limit their access to suburban labour markets. Such barriers can take the form of housing discrimination, exclusionary zoning or long and difficult...

A significant portion of the literature on gentrification has implied, if not explicitly described, a racial dynamic associated with the process whereby White households replace Black households as neighbourhood incomes rise. However, this racial dimension to gentrification rules out the...

Early buyers of single-family residences in newly developed subdivisions assume a greater level of risk than later buyers in choosing to purchase a home in a new subdivision where the market has not been sufficiently established. This risk stems from such things as uncertainty regarding the...

Purpose – This paper aims to examine the anatomy of a real estate bubble. In the process, the paper identifies three phases of the market's evolution: flips, flops and foreclosures. An examination of the Las Vegas real estate market illustrates the three phases. Design/methodology/approach –...