A Spatio-Temporal Analysis of Home Ownership

Jørgen Lauridsen, Niels Nannerup and Morten Skak

Journal of Housing Research, 2009, vol. 18, issue 1, 77-93

Abstract: Determination of the demand for home ownership is analyzed. Determinants include prices and short—and medium term price changes, public regulation, competition from alternative residence forms, social composition of population, economic ability, and congestion. The study applies a parametric spatially adjusted SUR approach, so that dynamic as well as spatial patterns are controlled for simultaneously and further analyzes the effects of spatial spillover using a non-parametric spatial filtering approach. The importance of adjusting for spatial spillover is confirmed, but we show that parametric and non-parametric approaches may lead to substantially different conclusions regarding explanation of homeownership rate variations.

Date: 2009
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DOI: 10.1080/10835547.2009.12091997

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