Postrecession Drivers of Preferences for Homeownership

Rachel Bogardus Drew and Christopher E. Herbert

Housing Policy Debate, 2013, vol. 23, issue 4, 666-687

Abstract: The analysis presented in this article finds little evidence to suggest that individuals' preferences for owning versus renting a home have been affected by their exposure to recent house price declines and loan delinquency rates, or by knowing others in their neighborhood who have defaulted on their mortgages. Instead, this analysis finds individual characteristics, particularly current housing tenure, to be the strongest predictors of postrecession demand for homeownership.

Date: 2013
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DOI: 10.1080/10511482.2013.823880

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