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Housing Market Turnover

Author

Listed:
  • Hannah Leal

    (Reserve Bank of Australia)

  • Stephanie Parsons

    (Reserve Bank of Australia)

  • Graham White

    (Reserve Bank of Australia)

  • Andrew Zurawski

    (Reserve Bank of Australia)

Abstract

The rate of housing market turnover, an important indicator of housing market conditions, has trended lower since the early 2000s. This is partly because households are moving less often and fewer own their own homes. More recently, the increase in apartment building is likely to have resulted in measured turnover being understated. A lower housing turnover rate could reduce housing-related economic activity and might lead to lower household leverage than otherwise.

Suggested Citation

  • Hannah Leal & Stephanie Parsons & Graham White & Andrew Zurawski, 2017. "Housing Market Turnover," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 21-30, March.
    • Handle: RePEc:rba:rbabul:mar2017-03
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2017/mar/pdf/bu-0317-3-housing-market-turnover.pdf
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    References listed on IDEAS

    as
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    2. Alan Greenspan & James Kennedy, 2008. "Sources and uses of equity extracted from homes," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 24(1), pages 120-144, spring.
    3. 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.
    4. Raven Molloy & Christopher L. Smith & Abigail Wozniak, 2013. "Declining Migration wihin the US: The Role of the Labor Market," Working Papers 13-53, Center for Economic Studies, U.S. Census Bureau.
    5. Rüdiger Bachmann & Daniel H. Cooper, 2014. "The ins and arounds in the U.S. housing market," Working Papers 14-3, Federal Reserve Bank of Boston.
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    Cited by:

    1. Wright, Danika & Yanotti, María B., 2019. "Home advantage: The preference for local residential real estate investment," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).

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