Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

What Are the Real Determinants of Housing Tenure Decisions? The Empirical Evidence on Five Hypotheses

What Are the Real Determinants of Housing Tenure Decisions? The Empirical Evidence on Five... Abstract For many years in the United States, there has been consistent interest in academic research and policy debate regarding household tenure choice as researchers aim to drive policy that promotes higher levels of homeownership. Despite myriad studies and debates concerning the real causes of changes in housing tenure, there is still much disagreement on the contributing factors to this phenomenon. This article offers a summary and critique of the U.S. empirical evidence on five hypotheses concerning the determinants of tenure decision: (1) income, wealth, and employment status; (2) life-cycle factors; (3) user cost, financial constraints, and economic downturn; (4) residential mobility and location; and (5) prior tenure. This study provides useful information for local and state policymakers and incorporates comprehensive empirical evidence, methodologies, and variables for tenure-choice research. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Real Estate Literature Taylor & Francis

What Are the Real Determinants of Housing Tenure Decisions? The Empirical Evidence on Five Hypotheses

Kim, Jinyhup
Journal of Real Estate Literature , Volume 28 (2): 29 – Jan 16, 2021
Download PDF

What Are the Real Determinants of Housing Tenure Decisions? The Empirical Evidence on Five Hypotheses

Abstract

Abstract For many years in the United States, there has been consistent interest in academic research and policy debate regarding household tenure choice as researchers aim to drive policy that promotes higher levels of homeownership. Despite myriad studies and debates concerning the real causes of changes in housing tenure, there is still much disagreement on the contributing factors to this phenomenon. This article offers a summary and critique of the U.S. empirical evidence on five...
Loading next page...
 
/lp/taylor-francis/what-are-the-real-determinants-of-housing-tenure-decisions-the-zPorvZh1uv
Publisher
Taylor & Francis
Copyright
© 2021 American Real Estate Society
ISSN
1573-8809
DOI
10.1080/09277544.2021.1876434
Publisher site
See Article on Publisher Site

Abstract

Abstract For many years in the United States, there has been consistent interest in academic research and policy debate regarding household tenure choice as researchers aim to drive policy that promotes higher levels of homeownership. Despite myriad studies and debates concerning the real causes of changes in housing tenure, there is still much disagreement on the contributing factors to this phenomenon. This article offers a summary and critique of the U.S. empirical evidence on five hypotheses concerning the determinants of tenure decision: (1) income, wealth, and employment status; (2) life-cycle factors; (3) user cost, financial constraints, and economic downturn; (4) residential mobility and location; and (5) prior tenure. This study provides useful information for local and state policymakers and incorporates comprehensive empirical evidence, methodologies, and variables for tenure-choice research.

Journal

Journal of Real Estate Literature – Taylor & Francis

Published: Jan 16, 2021

Keywords: Homeownership; housing tenure choice; housing demand; residential mobility

References

  • Credit market innovations and sustainable homeownership: The case of non-traditional mortgage products
  • Borrowing constraints and homeownership
  • Accessing homeownership with credit constraints
  • Explaining the route to owner-occupation: A transatlantic comparison
  • Socio-demographic variations of homeowners and differential effects of parental homeownership on offspring's housing tenure
  • Ownership duration in the residential housing market: The influence of structure, tenure, household and neighborhood factors
  • Borrowing constraints during the housing bubble
  • Leverage and elderly homeowners’ decisions to downsize
  • Does home ownership by parents have an economic impact on their children?
  • The dynamics of race, income, and homeownership
  • The dynamics of housing tenure choice: Lessons from Germany and the United States
  • Housing tenure choice in Australia and the United States: Impacts of alternative subsidy policies
  • The financial crisis from the family's perspective: Evidence from the 2007–2009 SCF panel
  • Housing tenure choice and the dual income household
  • Mobility, housing stress, and neighborhood contexts: Evidence from Los Angeles
  • Racial gaps in the transition to first-time homeownership: The role of residential location
  • Racial differences in homeownership: The effect of residential location
  • Population growth in rural Missouri counties in the 1990s: Yet another turnaround
  • Postrecession drivers of preferences for homeownership
  • State fiscal institutions and empty-nest migration: Are Tiebout voters hobbled?
  • To buy or not to buy: Consumer constraints in the housing market
  • Pathways to homeownership: An analysis of the residential location and homeownership choices of black households in Los Angeles
  • Mobility, residential location and the American dream: The intrametropolitan geography of minority homeownership
  • The impact of parental homeownership on children's outcomes during early adulthood
  • Estimating equilibrium housing demand for “stayers.”
  • Following a panel of stayers: Length of stay, tenure choice, and housing demand
  • Permanent income, hedonic prices, and demand for housing: New evidence
  • Analyzing the relationships among race, wealth, and home ownership in America
  • Saving up or settling down: Home ownership over the life cycle
  • The impact of transaction costs and the expected length of stay on homeownership
  • Sample selection bias as a specification error
  • Is student loan debt discouraging homeownership among young adults?
  • Structural estimation of residential mobility and housing tenure choice
  • Estimating the consumption and investment demands for housing and their effect on housing tenure status
  • The tenure transition decision for elderly homeowners
  • Dynamic modeling of housing tenure choice
  • The role of parental financial assistance in the transition to homeownership by young adults
  • Why do renters stay in or leave certain neighborhoods? The role of neighborhood characteristics, housing tenure transitions, and race
  • What happens to household formation in a recession?
  • Housing tenure transitions of older households: What is the role of child proximity?
  • Homeownership among young Americans: A look at student loan debt and behavioral factors
  • First-time homebuying: Attitudes and behaviors of low-income renters through the financial crisis
  • Oh, yes, the elderly will reduce housing equity under the right circumstances
  • Elderly female-headed households and the decision to trade down
  • Student loans and homeownership
  • Tenure choice with sample selection: Differences among alternative samples
  • Race, immigrant status, and housing tenure choice
  • Housing tenure transitions of older households: Life cycle, demographic, and familial factors
  • Millennial first-time homebuyers and location choice
  • House price dynamics, unemployment, and the mobility decisions of low-income homeowners
  • The role of federal and private student loans in homeownership decisions
  • Income variability, uncertainty and housing tenure choice
  • There's no place like home: A hazard model analysis of aging in place among older homeowners in the PSID
  • Housing price dynamics and household mobility decisions
  • Property taxes and elderly mobility
  • Commitment, risk, and consumption: Do birds of a feather have bigger nests?
  • Modelling the choice of tenure and building type
  • The housing decisions of older households: A dynamic analysis