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A Micro-Market Analysis of Tenure Choice Using the Logit Model

L. Jide Iwarere () and John E. Williams
Additional contact information
L. Jide Iwarere: Department of Finance and Insurance Howard University Wahsington, D.C. 30314, http://www.bschool.howard.edu/
John E. Williams: School of Business Morehouse College Atlanta, Georgia 20059, http://www.morehouse.edu/eco.htm

Journal of Real Estate Research, 1991, vol. 6, issue 3, 327-340

Abstract: Empirical studies on housing tenure choice have generally uncovered a multiplicity of factors that influence households in their decision to own using mostly national aggregate or cross-metropolitan data that often obscure intrametropolitan influences. In this aper we focus on these localized influences by investigating micro-locational and occupation-specific influences on the housing tenure choice behavior of college professors in the Washington, D.C. metropolitan area. Our logit analysis of this behavior shows that employment-related and spatial forces exert a strong influence on their decision. We also found that the explanatory power of the micro-location variable incorporates some income effect.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1991
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Citations: View citations in EconPapers (3)

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