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Postrecession Drivers of Preferences for Homeownership

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  • Rachel Bogardus Drew
  • Christopher E. Herbert

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.

Suggested Citation

  • Rachel Bogardus Drew & Christopher E. Herbert, 2013. "Postrecession Drivers of Preferences for Homeownership," Housing Policy Debate, Taylor & Francis Journals, vol. 23(4), pages 666-687, October.
    • Handle: RePEc:taf:houspd:v:23:y:2013:i:4:p:666-687
    DOI: 10.1080/10511482.2013.823880
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    References listed on IDEAS

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    1. Laura Choi & J. Michael Collins, 2010. "The effects of the real estate bust on renter perceptions of homeownership," Community Development Working Paper 2010-01, Federal Reserve Bank of San Francisco.
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    Cited by:

    1. Rubaszek Michał & Rubaszek Justyna, 2021. "Housing Tenure Preferences among Students from Two Polish Universities," Real Estate Management and Valuation, Sciendo, vol. 29(2), pages 71-83, June.
    2. Philipp M Lersch & Wilfred Uunk, 2017. "The shadow of future homeownership: the association of wanting to move into homeownership with labour supply," Work, Employment & Society, British Sociological Association, vol. 31(3), pages 522-541, June.
    3. Dongshin Kim & Youngme Seo & Julia Freybote, 2021. "Urbanity, Financial Crisis and the Timing of Homebuying Decisions by Young Households," The Journal of Real Estate Finance and Economics, Springer, vol. 62(4), pages 481-507, May.
    4. Volker, Jamey M B, 2020. "Exploring the Changing Faces of Housing Development and Demand in California: Millennials, Casitas, and Reducing VMT," Institute of Transportation Studies, Working Paper Series qt6p94s5mc, Institute of Transportation Studies, UC Davis.
    5. Michał Rubaszek & Adam Czerniak, 2017. "Preferencje Polaków dotyczące struktury własnościowej mieszkań: opis wyników ankiety," Bank i Kredyt, Narodowy Bank Polski, vol. 48(2), pages 197-234.
    6. Michal Rubaszek, 2017. "Reforming housing rental market in a life-cycle model," KAE Working Papers 2017-028, Warsaw School of Economics, Collegium of Economic Analysis.

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