New report on local housing market volatility

The Joseph Rowntree Foundation recently published the report Local Housing Market Volatility, which was written by Ed Ferrari and Alasdair Rae (Sheffield University). The report, which was written as as submission to the JRF's Housing Markets Taskforce, finds that the last housing market boom - which ended with the credit crunch - was one of the longest in recent history and exacerbated regional and local inequalities in the housing market. The gaps between different parts of the country grew wider in housing market terms. The report suggests that policymakers need to renew their attention to the demand side of the housing market - and regional differentials in the economy in particular. It also suggests that these regional differentials and patterns of population mobility within the country serve to reinforce structural patterns of inequality in the housing market.

The full report and a four page summary 'Findings' can be downloaded from the Joseph Rowntree Foundation's website at: http://www.jrf.org.uk/publications/local-housing-market-volatility