... since made macroeconomists wary of the importance of housing price volatility. Housing is important due the various roles it plays in individuals’ lives, the economy and society. First, housing is a basic need for shelter and forms an important part of household wealth. Second, it is an important...

..., house prices and house price volatility. Support for alternative housing market theories, the degree of heterogeneity in house price behaviour across boroughs and the extent to which housing displays differing properties to other financial assets are examined. Design/methodology/approach Correlation...