A Vacancy Transfer Model of the Structure of the Local Housing Market
作者:
Gary Sands,
期刊:
Real Estate Economics
(WILEY Available online 1977)
卷期:
Volume 5,
issue 1
页码: 128-138
ISSN:1080-8620
年代: 1977
DOI:10.1111/1540-6229.00822
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
Household mobility data derived from vacancy chain or turnover studies may be used to develop a Markov model of the local housing market. Such a model based on empirical data from the Detroit metropolitan area indicates a strong tendency for households to substantially increase their housing expenditures when they move. This finding is consistent with the filtering model of local housing market dynamics. However, these data do not support the hypothesis that more expensive new housing will produce the greatest number of indirect housing opportunities. New units at every cost level generated about the same total of turnover vacancies. The model also indicates that all types of new construction ultimately have their greatest impact on lower cost housing in established communities.
点击下载:
PDF
(702KB)
返 回