Postrecession Drivers of Preferences for Homeownership |
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| Authors: | Rachel Bogardus Drew Christopher E Herbert |
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| Institution: | 1. McCormack School of Policy and Global Studies, University of Massachusetts Boston, Boston, MA, USArachel.drew001@umb.edu;3. Joint Center for Housing Studies, Harvard University, Cambridge, MA, USA |
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| 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. |
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| Keywords: | homeownership tenure preferences survey data |
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