Regional and State Variation in Homeownership Rates

Posted: 22 Apr 2002

See all articles by N. Edward Coulson

N. Edward Coulson

Pennsylvania State University, College of the Liberal Arts - Department of Economic; National Bureau of Economic Research (NBER)

Abstract

There are significant disparities in homeownership rates across the regions and states of the US. The causes of these disparities are determined within a standard probit model of the individual homeownership decision where the micro-level observations are aggregated to the regional level. Factors which play a significant role at the individual level are evaluated for their ability to explain regional differentiation. The relative price of owning and renting plays a major role as do other market level determinants. Individual demographic characteristics are not as important with the exception of those related to the immigration and citizenship status of the household head.

Keywords: Homeownership, U.S. Regions

Suggested Citation

Coulson, N. Edward, Regional and State Variation in Homeownership Rates. The Journal of Real Estate Finance & Economics, Vol. 24, No. 3. Available at SSRN: https://ssrn.com/abstract=301841

N. Edward Coulson (Contact Author)

Pennsylvania State University, College of the Liberal Arts - Department of Economic ( email )

524 Kern Graduate Building
University Park, PA 16802-3306
United States
814-863-0625 (Phone)
814-863-4775 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Register to save articles to
your library

Register

Paper statistics

Abstract Views
568
PlumX Metrics