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The Geography of Residential Turnover in Twenty-seven Large US Metropolitan Housing Markets, 1985-95

Author

Listed:
  • Frans M. Dieleman

    (Faculty of Geographical Sciences, University of Utrecht, PO Box 70.115.3582 TC Utrecht, The Netherlands, f.dieleman@geog.uu.nl)

  • William A. V. Clark

    (Department of Geography, University of California at Los Angeles, Los Angeles, California 90024, USA, wclark@geog.ucla.edu)

  • Marinus C. Deurloo

    (Faculty of Environmental Sciences, University of Amsterdam, 1018 VZ Amsterdam, The Netherlands, m.c.deurloo@frw.uva.nl)

Abstract

Previous research on variations in mobility rates across metropolitan areas, documented the link between immigration and local mobility, and the way in which local mobility creates 'hot' and 'cold' housing markets. The research in this paper confirms and extends those analyses by examining the interplay between the relocation process and the structure of metropolitan housing markets. The results show that more than three-quarters of the turnover is generated by renters and most of this by households under 35 years of age. It also shows that variations in mobility rates can be predicted by variations in new construction, though it is clear that ultimately it is the underlying population growth which is the critical variable. House prices also vary across metropolitan areas and are influenced by city size, but the major determinants of variation in house prices are household income (a measure of upward pressure on prices) and the tenure structure of the local market. The results show that turnover per se is at least as important as price in creating opportunities for tenure change and residential relocation.

Suggested Citation

  • Frans M. Dieleman & William A. V. Clark & Marinus C. Deurloo, 2000. "The Geography of Residential Turnover in Twenty-seven Large US Metropolitan Housing Markets, 1985-95," Urban Studies, Urban Studies Journal Limited, vol. 37(2), pages 223-245, February.
    • Handle: RePEc:sae:urbstu:v:37:y:2000:i:2:p:223-245
    DOI: 10.1080/0042098002168
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    References listed on IDEAS

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    Cited by:

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    2. Gary Painter & Lihong Yang & Zhou Yu, 2001. "Heterogeneity in Asian American Homeownership: The Impact of Household Endowments and Immigrant Status," Working Paper 8630, USC Lusk Center for Real Estate.
    3. Briggs, Xavier, 2004. "Traps and Stepping Stones: Neighborhood Dynamics and Family Well-Being," Working Paper Series rwp04-015, Harvard University, John F. Kennedy School of Government.
    4. repec:zbw:bofitp:2017_021 is not listed on IDEAS
    5. Andrew Ang & Dimitris Papanikolaou & Mark M. Westerfield, 2014. "Portfolio Choice with Illiquid Assets," Management Science, INFORMS, vol. 60(11), pages 2737-2761, November.
    6. Katharina Pijnenburg, 2017. "The spatial dimension of US house prices," Urban Studies, Urban Studies Journal Limited, vol. 54(2), pages 466-481, February.
    7. Katharina Pijnenburg, 2014. "The Spatial Dimension of US House Price Developments," ERSA conference papers ersa14p127, European Regional Science Association.
    8. Funke, Michael & Leiva-Leon, Danilo & Tsang, Andrew, 2019. "Mapping China’s time-varying house price landscape," Regional Science and Urban Economics, Elsevier, vol. 78(C).

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