IIARD International Institute of Academic Research and Development

International Journal of Engineering and Modern Technology (IJEMT )

E-ISSN 2504-8848
P-ISSN 2695-2149
VOL. 10 NO. 6 2024
DOI: 10.56201/ijemt.v10.no6.2024.pg118.136

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Housing Market Trends and Mortgage Lending: An Interdisciplinary Review (2010-2023)

Tajudeen O. AJAYI, Modupe O. AKINFOLARIN and Tope S. AYODELE

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Abstract

The housing market has significantly changed over the past decade, influenced by economic shifts, policy changes, and evolving consumer preferences. This study, which is inherently interdisciplinary and comprehensive, provides a narrative review of housing market trends and mortgage lending practices from the perspectives of architects and bankers. By examining 58 published journal articles from 2010 to 2023, this review aims to synthesise current knowledge and identify emerging patterns and challenges in the housing sector. The analysis reveals that economic fluctuations, regulatory environments, and technological advancements are pivotal in shaping market dynamics. Architects emphasise the importance of sustainable design and affordability, while bankers focus on risk management and financial accessibility. The findings underscore the crucial need for such interdisciplinary collaboration, highlighting the depth and breadth of the research and the importance of collective efforts in addressing housing affordability and market stability. This review contributes a deeper understanding of how architectural innovations and financial strategies can align to create resilient and inclusive housing markets.

keywords:

Housing market trends, mortgage lending practices, architectural perspectives,

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Kim

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