IDEAS home Printed from https://ideas.repec.org/a/spr/inrvec/v72y2025i1d10.1007_s12232-024-00480-9.html
   My bibliography  Save this article

The influences of socio-economic forces on affordability behavior towards containing the gap between supply and demand in the housing markets

Author

Listed:
  • Mohammed Itma

    (An Najah National University)

Abstract

Socio-economic factors depend on several aspects, such as income level, academic achievement, and job rank of the householder. These factors control housing decisions within a certain income level or social behaviour. This study discusses the impact of socio-economic factors influencing the demand for housing towards a stable, affordable housing market. The study follows a method of estimating the influences of socio-economic forces by surveying householders' opinions on their future choices in Nablus City. This estimation was used to develop a theoretical model of housing demands in sight of socio-economic forces: affordability, modernity, prestige, and social relations. The main conclusion sustains that social forces significantly affect the affordability behaviour of householders, which produces a gap between the supply and demand for affordable housing. However, considering such forces in the supply process leads to providing householders with adequate housing on the economic and social levels. Educating residents about the affordable behaviour of housing is also needed to achieve stability in the housing market.

Suggested Citation

  • Mohammed Itma, 2025. "The influences of socio-economic forces on affordability behavior towards containing the gap between supply and demand in the housing markets," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 72(1), pages 1-20, June.
    • Handle: RePEc:spr:inrvec:v:72:y:2025:i:1:d:10.1007_s12232-024-00480-9
    DOI: 10.1007/s12232-024-00480-9
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s12232-024-00480-9
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s12232-024-00480-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Hannah Bargawi & Randa Alami & Hurriyah Ziada, 2022. "Re-negotiating social reproduction, work and gender roles in occupied Palestine," Review of International Political Economy, Taylor & Francis Journals, vol. 29(6), pages 1917-1944, November.
    2. Jack Favilukis & Pierre Mabille & Stijn Van Nieuwerburgh, 2023. "Affordable Housing and City Welfare," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(1), pages 293-330.
    3. Peter Abelson, 2009. "Affordable Housing: Concepts and Policies," Economic Papers, The Economic Society of Australia, vol. 28(1), pages 27-38, March.
    4. Michael Byrne & Michelle Norris, 2022. "Housing market financialization, neoliberalism and everyday retrenchment of social housing," Environment and Planning A, , vol. 54(1), pages 182-198, February.
    5. Oded Haas, 2022. "De-colonising the right to housing, one new city at a time: Seeing housing development from Palestine/Israel," Urban Studies, Urban Studies Journal Limited, vol. 59(8), pages 1676-1693, June.
    6. Mohammad Kamal Abuamsha, 2021. "The role of the banking sector in financing the real estate and contracting sector in the Palestinian territories," International Journal of Housing Markets and Analysis, Emerald Group Publishing Limited, vol. 15(2), pages 357-374, May.
    7. Garvill, Jorgen & Garling, Tommy & Lindberg, Erik & Montgomery, Henry, 1992. "Economic and non-economic motives for residential preferences and choices," Journal of Economic Psychology, Elsevier, vol. 13(1), pages 39-56, March.
    8. Beibei Zhang, 2020. "Social policies, financial markets and the multi-scalar governance of affordable housing in Toronto," Urban Studies, Urban Studies Journal Limited, vol. 57(13), pages 2628-2645, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. David Mazáček, 2023. "Concepts of Housing Affordability Measurements," FFA Working Papers 5.008, Prague University of Economics and Business, revised 13 Sep 2023.
    2. Grossmann, Volker & Larin, Benjamin & Löfflad, Hans Torben & Steger, Thomas, 2021. "Distributional consequences of surging housing rents," Journal of Economic Theory, Elsevier, vol. 196(C).
    3. Charles Ka Yui Leung & Joe Cho Yiu Ng, 2018. "Macro Aspects of Housing," GRU Working Paper Series GRU_2018_016, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
    4. Chen, Ruoyu & Jiang, Hanchen & Quintero, Luis E., 2023. "Measuring the value of rent stabilization and understanding its implications for racial inequality: Evidence from New York City," Regional Science and Urban Economics, Elsevier, vol. 103(C).
    5. repec:osf:socarx:hg4c3_v1 is not listed on IDEAS
    6. Zhenfa Li & Fulong Wu & Fangzhu Zhang, 2023. "State de-financialisation through incorporating local government bonds in the budgetary process in China," Journal of Economic Geography, Oxford University Press, vol. 23(5), pages 1169-1190.
    7. Vera Baye & Valeriya Dinger, 2024. "Investment incentives of rent controls and gentrification: Evidence from German micro data," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 52(3), pages 843-884, May.
    8. Jia You & Hao Wu & Sun Sheng Han, 2011. "What is affordable housing in China? Evidence from Nanjing, China," ERES eres2011_219, European Real Estate Society (ERES).
    9. Dadashpoor, Hashem & Sajadi, Afshin, 2024. "Principles of just urban land use planning," Land Use Policy, Elsevier, vol. 141(C).
    10. Jofre-Monseny, Jordi & Martínez-Mazza, Rodrigo & Segú, Mariona, 2023. "Effectiveness and supply effects of high-coverage rent control policies," Regional Science and Urban Economics, Elsevier, vol. 101(C).
    11. Caplan, Arthur J. & Akhundjanov, Sherzod B. & Toll, Kristopher, 2021. "Measuring heterogeneous preferences for residential amenities," Regional Science and Urban Economics, Elsevier, vol. 87(C).
    12. Jennifer Buurma-Olsen & Jort Sinninghe Damsté & Hans Koster, VU & Jos van Ommeren, VU, 2023. "Quantifying Misallocation of Public Housing," CPB Discussion Paper 454, CPB Netherlands Bureau for Economic Policy Analysis.
    13. Garrett, Vicki & Koontz, Tomas M., 2008. "Breaking the cycle: Producer and consumer perspectives on the non-adoption of passive solar housing in the US," Energy Policy, Elsevier, vol. 36(4), pages 1551-1566, April.
    14. Gong, Yifan & Leung, Charles Ka Yui, 2024. "Does space matter? The case of the housing expenditure cap," Regional Science and Urban Economics, Elsevier, vol. 104(C).
    15. Garison Kiprotich & Isaiah Kimutai & Stephen Kimutai, 2023. "Performance Evaluation of Sand Screening Machine: Effect of Sieve Size and Moisture Content," International Journal of Latest Technology in Engineering, Management & Applied Science, International Journal of Latest Technology in Engineering, Management & Applied Science (IJLTEMAS), vol. 12(09), pages 126-132, September.
    16. Howard, Greg & Liebersohn, Jack & Ozimek, Adam, 2023. "The short- and long-run effects of remote work on U.S. housing markets," Journal of Financial Economics, Elsevier, vol. 150(1), pages 166-184.
    17. Brian Asquith & Evan Mast & Davin Reed, 2019. "Supply Shock Versus Demand Shock: The Local Effects of New Housing in Low-Income Areas," Upjohn Working Papers 19-316, W.E. Upjohn Institute for Employment Research.
    18. Martin Groiss & Nicolas Syrichas, 2025. "Monetary Policy, Property Prices and Rents: Evidence from Local Housing Markets," Berlin School of Economics Discussion Papers 0058, Berlin School of Economics.
    19. Hui Wang & Ning Fang & Xuefeng Li, 2025. "Exploring Differences Between Daily Activity Spaces and Access to Urban Resources in Suburban Affordable Housing Based on the Different Income Groups: A Case of Nanjing, China," Sustainability, MDPI, vol. 17(2), pages 1-17, January.
    20. Ryan Greenaway-McGrevy & Gail Pacheco & Kade Sorensen, 2021. "The effect of upzoning on house prices and redevelopment premiums in Auckland, New Zealand," Urban Studies, Urban Studies Journal Limited, vol. 58(5), pages 959-976, April.
    21. Julia Fonseca & Lu Liu, 2024. "Mortgage Lock‐In, Mobility, and Labor Reallocation," Journal of Finance, American Finance Association, vol. 79(6), pages 3729-3772, December.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:inrvec:v:72:y:2025:i:1:d:10.1007_s12232-024-00480-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.