Reed, R. (2012), "Introduction from the Editor", International Journal of Housing Markets and Analysis, Vol. 5 No. 1. https://doi.org/10.1108/ijhma.2012.35105aaa.001Download as .RIS
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Copyright © 2012, Emerald Group Publishing Limited
Introduction from the Editor
Article Type: Editorial From: International Journal of Housing Markets and Analysis, Volume 5, Issue 1
This is the first issue of the fifth volume of the International Journal of Housing Markets and Analysis which includes relevant and emerging research papers which have been reviewed via a through double-blind refereeing process and therefore are published as a sound and substantial contribution to knowledge. In a similar manner to previous issues these papers represent a cross section of residential land uses and research approaches in different countries. The journal is now included in the Scopus citation index and this emphasises the quality research being published.
The first paper examines the US housing market and seeks to determine if the lender’s experience in disposing of repossessed single-family houses in the local market is linked to the probability the property will sell during actual study period. Over 2,000 transactions were examined and the findings provided an insight into how the relationship between variables such as neighbourhood characteristics and a discounted house price. The next paper models the valuation of residential properties in Tehran and examines the results from surveying residential valuers and buyers. The findings indicate that buyers and appraisers may have different views about property valuations where a valuer’s views may differ considerably from the perspective of potential purchasers.
A research paper examines the housing market in Yemen which is adversely affected by changes including poverty and unemployment; these problems are further complicated by a housing shortage. The study identified on the critical factors that reduce housing costs. The findings will influence the decisions of housing policy makers and encourage identifying a solution to the housing problem in Yemen. The fourth paper examines the discount for mortgage foreclosures in the US residential market with the focus placed on submarkets based on property size in the single-family home market. It was concluded that smaller houses have the largest discount associated with a foreclosure and findings have implications for the operation of housing markets in inevitable market downturns.
The next paper discusses research into the housing market in China which has received relatively little attention. The study analyses detailed data at the loan level as provided by one of China’s national mortgage lenders. It was argued the housing appreciation rate and the stock market performance are important considerations for Chinese borrowers. This paper will help to understand the prepayment behaviour of Chinese borrowers where different groups behave differently. The final paper from Iran examines the challenges surrounding the provision of affordable housing for low-income households. The emphasis was placed on the locality of Kish Island and whether existing housing policy was adequate. The findings included suggestions for addressing these increasingly important issues regarding affordable housing.
These six papers confirm the multi-disciplinary approach of this journal which examines housing research in different countries and across various continents. Collectively they provide a true contribution to knowledge and emphasise the increasingly high level of quality research. I would like thank authors and reviewers for their ongoing support and encourage your direct feedback to be forwarded to firstname.lastname@example.org
Richard G. Reed