ABSTRACT
To start with the 'market', it is an economic concept, and pertains to a process where the driving goals of its participants are in one way or another aimed at reaping a profit as a producer or intermediary, or maximising economic utility as a consumer. An 'academic tradition' targets associations and correlations between property price and other physical, social-economic and environmental variables. In the Trondheim study the variable of interest is economic sustainability of real estate price development approximated through the affordability indicator: transaction prices divided by income. In contemporary methodological perspectives to house price analysis/modelling the market is considered idiosyncratic with respect to one or more of its fundamentals. Housing provision in Norway is traditionally dominated by market economy. At present national policy is focused on integration and reduction of social and ethnic housing market mediated segregation.
