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The Determinants Of Consumers’ Perceptions Of Buying Conditions For Houses

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  • Pami Dna

    (Delhi School of Economics)

  • David J. Smyth

    (Delhi School of Economics)

Abstract

This paper examines the detenninants of consumers' buying attitudes for houses. Survey data on buying attitudes are from responses to the Surveys of Consumer Attitudes conducted by the Survey Research Centre, University of Michigan. The determinants considered include current and future housing-related variables and measures of current and future overall economic conditions. The empirical estimates show that the following variables are statistically significant the level of the mortgage rate, the percentage change in house prices; an index of the expected real family income. The standardized coefficients indicate that the level of the mortgage rate has numerically the biggest impact on buying altitudes.

Suggested Citation

  • Pami Dna & David J. Smyth, 1996. "The Determinants Of Consumers’ Perceptions Of Buying Conditions For Houses," Working papers 41, Centre for Development Economics, Delhi School of Economics.
    • Handle: RePEc:cde:cdewps:41
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