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Ownership Duration in the Residential Housing Market: The Influence of Structure, Tenure, Household and Neighborhood Factors

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  • Wayne Archer
  • David Ling
  • Brent C Smith

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  • Wayne Archer & David Ling & Brent C Smith, 2010. "Ownership Duration in the Residential Housing Market: The Influence of Structure, Tenure, Household and Neighborhood Factors," The Journal of Real Estate Finance and Economics, Springer, vol. 40(1), pages 41-61, January.
    • Handle: RePEc:kap:jrefec:v:40:y:2010:i:1:p:41-61
    DOI: 10.1007/s11146-008-9126-2
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    1. Kiefer, Nicholas M, 1988. "Economic Duration Data and Hazard Functions," Journal of Economic Literature, American Economic Association, vol. 26(2), pages 646-679, June.
    2. Genesove, David & Mayer, Christopher J, 1997. "Equity and Time to Sale in the Real Estate Market," American Economic Review, American Economic Association, vol. 87(3), pages 255-269, June.
    3. Gabriel, Stuart A. & Nothaft, Frank E., 2001. "Rental Housing Markets, the Incidence and Duration of Vacancy, and the Natural Vacancy Rate," Journal of Urban Economics, Elsevier, vol. 49(1), pages 121-149, January.
    4. David Genesove & Christopher Mayer, 2001. "Loss Aversion and Seller Behavior: Evidence from the Housing Market," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(4), pages 1233-1260.
    5. Goodman, Allen C. & Thibodeau, Thomas G., 2003. "Housing market segmentation and hedonic prediction accuracy," Journal of Housing Economics, Elsevier, vol. 12(3), pages 181-201, September.
    6. Gau, George W & Wang, Ko, 1994. "The Tax-Induced Holding Periods of Real Estate Investors: Theory and Empirical Evidence," The Journal of Real Estate Finance and Economics, Springer, vol. 8(1), pages 71-85, January.
    7. Owen Lamont & Jeremy C. Stein, 1999. "Leverage and House-Price Dynamics in U.S. Cities," RAND Journal of Economics, The RAND Corporation, vol. 30(3), pages 498-514, Autumn.
    8. William B. Brueggeman & Jeffrey D. Fisher & Jerrold J. Stern, 1981. "Federal Income Taxes, Inflation and Holding Periods for Income‐Producing Property," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 9(2), pages 148-164, June.
    9. Brian D. Kluger & Norman G. Miller, 1990. "Measuring Residential Real Estate Liquidity," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 18(2), pages 145-159, June.
    10. Deng, Yongheng & Gabriel, Stuart A & Nothaft, Frank E, 2003. "Duration of Residence in the Rental Housing Market," The Journal of Real Estate Finance and Economics, Springer, vol. 26(2-3), pages 267-285, March-May.
    11. Smith, Brent C., 2006. "The impact of tax increment finance districts on localized real estate: Evidence from Chicago's multifamily markets," Journal of Housing Economics, Elsevier, vol. 15(1), pages 21-37, March.
    12. Henley, Andrew, 1998. "Residential Mobility, Housing Equity and the Labour Market," Economic Journal, Royal Economic Society, vol. 108(447), pages 414-427, March.
    13. Jeremy C. Stein, 1995. "Prices and Trading Volume in the Housing Market: A Model with Down-Payment Effects," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(2), pages 379-406.
    14. Donald Haurin, 1988. "The Duration of Marketing Time of Residential Housing," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 396-410, December.
    15. Engelhardt, Gary V., 2003. "Nominal loss aversion, housing equity constraints, and household mobility: evidence from the United States," Journal of Urban Economics, Elsevier, vol. 53(1), pages 171-195, January.
    16. David Collett & Colin Lizieri & Charles Ward, 2003. "Timing and the Holding Periods of Institutional Real Estate," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 31(2), pages 205-222, June.
    17. Nada Wasi & Michelle J. White, 2005. "Property Tax Limitations and Mobility: The Lock-in Effect of California's Proposition 13," NBER Working Papers 11108, National Bureau of Economic Research, Inc.
    18. Kiel, Katherine A., 1994. "The Impact of House Price Appreciation on Household Mobility," Journal of Housing Economics, Elsevier, vol. 3(2), pages 92-108, June.
    19. John R. Knight, 2002. "Listing Price, Time on Market, and Ultimate Selling Price: Causes and Effects of Listing Price Changes," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 30(2), pages 213-237.
    20. Patric H. Hendershott & David C. Ling, 1984. "Trading and the Tax Shelter Value of Depreciable Real Estate," NBER Working Papers 1267, National Bureau of Economic Research, Inc.
    21. Jacob Belkin & Donald J. Hempel & Dennis W. McLeavey, 1976. "An Empirical Study of Time on Market Using Multidimensional Segmentation of Housing Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 4(2), pages 57-75, June.
    22. Zuehlke, Thomas W, 1987. "Duration Dependence in the Housing Market," The Review of Economics and Statistics, MIT Press, vol. 69(4), pages 701-704, November.
    23. Henderson, J. Vernon & Ioannides, Yannis M., 1989. "Dynamic aspects of consumer decisions in housing markets," Journal of Urban Economics, Elsevier, vol. 26(2), pages 212-230, September.
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    Cited by:

    1. Carlos Pestana Barros & Zhongfei Chen & Luis A. Gil-Alana, 2012. "Housing sales in urban Beijing," Applied Economics, Taylor & Francis Journals, vol. 44(34), pages 4495-4504, December.
    2. John C Navarro & Matt Ruther, 2020. "A geospatial analysis between the sale prices of single-family properties and the presence of registered sex offenders in Jefferson County, Kentucky," Urban Studies, Urban Studies Journal Limited, vol. 57(5), pages 944-958, April.
    3. Peter Chinloy & William Hardin & Zhonghua Wu, 2013. "Transaction Frequency and Commercial Property," The Journal of Real Estate Finance and Economics, Springer, vol. 47(4), pages 640-658, November.
    4. Changhyo Yi, 2016. "Relationship Between the Formation Conditions and Durations of One-Person Households in the Seoul Metropolitan Region," Demography, Springer;Population Association of America (PAA), vol. 53(3), pages 675-697, June.
    5. Morales Ramírez Alejandro & Rodríguez-Zamora Carolina, 2018. "The Duration in the Market of New Housing in Mexico," Working Papers 2018-08, Banco de México.
    6. Robin Henderson & Ralitsa Mihaylova & Paul Oman, 2019. "A dual frailty model for lifetime analysis in maritime transportation," Lifetime Data Analysis: An International Journal Devoted to Statistical Methods and Applications for Time-to-Event Data, Springer, vol. 25(4), pages 739-756, October.
    7. Shawn J. McCoy & Randall P. Walsh, 2014. "W.U.I. on Fire: Risk, Salience & Housing Demand," NBER Working Papers 20644, National Bureau of Economic Research, Inc.
    8. Nicholas B. Irwin & Mitchell R. Livy, 2022. "Price and Liquidity Dynamics for Single and Multi-Family Homes during Housing Market Shocks," The Journal of Real Estate Finance and Economics, Springer, vol. 65(1), pages 22-47, July.
    9. Taha H Rashidi & Milad Ghasri, 2019. "A competing survival analysis for housing relocation behaviour and risk aversion in a resilient housing market," Environment and Planning B, , vol. 46(1), pages 122-142, January.
    10. Andrea J. Heuson & Gary Painter, 2014. "The Impact of the Taxpayer Relief Act of 1997 on Housing Turnover in the U.S. Single-Family Residential Market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 42(4), pages 869-899, December.

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    Keywords

    Duration; Housing; Urban; Tenure;
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